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Avon Lake

Learn about the people, housing, costs and businesses in Avon Lake, Ohio

Median Home$356,880
Median Rent$1,665/month
Population25,752
Leading IndustriesArts, Food & Hospitality · Healthcare · Public Administration12% arts, food & hospitality
Home Value Growth⬆⬆⬆+23.4% over 2 years
Retirees21% of residentsnear the national average
Homeowners83% of occupied units
NotableHighly Educated32% bachelor's · 16% graduate · top 6% nationally
NotableHigh Incomes$117k/year · top 10% nationally
Avon Lake
OH

Frequently Asked Questions

What are today's mortgage rates in Avon Lake?

As of today, the 30-year fixed mortgage rate for Avon Lake is approximately 6.884% (6.920% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Avon Lake?

The median home value in Avon Lake is $357k. The median monthly rent is $1,665. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Avon Lake?

Home values in Avon Lake have increased 23.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Avon Lake?

Based on a typical all-in ownership cost of $1,546/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $66k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Avon Lake is $117k/year.

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What industries drive the economy in Avon Lake?

The largest employment sectors in Avon Lake are public administration (26%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.