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Lorain County

Learn about the people, housing, costs and businesses in Lorain County County

Median Home$230,553
Median Rent$1,152/month
Population317,129
Leading IndustriesArts, Food & Hospitality · Healthcare · Retail6% arts, food & hospitality
Home Value Growth⬆⬆+19.6% over 2 years
Young Adults25% of residents
Homeowners74% of occupied units
NotableHigh Incomes$81k/year · top 20% nationally
Lorain County
OH

Frequently Asked Questions

What are today's mortgage rates in Lorain County?

As of today, the 30-year fixed mortgage rate for Lorain County is approximately 7.124% (7.152% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Lorain County
What is the median home price in Lorain County?

The median home value in Lorain County is $231k. The median monthly rent is $1,152. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lorain County?

Home values in Lorain County have increased 19.6% 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 Lorain County?

Based on a typical all-in ownership cost of $1,176/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lorain County is $81k/year.

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What industries drive the economy in Lorain County?

The largest employment sectors in Lorain County are public administration (25%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas