Rental market snapshot for Lorain, Ohio

Lorain, Ohio Rental Property Market Overview

The average rent for an apartment in Lorain is $720. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has increased by 6.7% over the past year.

Lorain is a city in Ohio, located on Lake Erie about 30 miles west of Cleveland. The city has a population of about 64,000 people. Lorain is a diverse city, with a large Hispanic population. The city is home to a number of manufacturing companies, as well as a steel mill. Lorain is a popular destination for fishing and boating, and the city has a number of parks and recreation areas.

Last Updated December 23, 2022

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Average monthly rent graph in Lorain Ohio | Cost of Living

  • The most expensive ZIP Code in Lorain is 44052 with an average price of $700
  • The cheapest ZIP Code in Lorain is 44052 with an average price of $546

Lorain ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
144052$700
244053$650

Live near Lorain, Ohio's Top Sights and Attractions

Lakeview Park is a beautiful park located on the shores of Lake Erie. The park features a variety of amenities including a playground, picnic areas, a walking trail, and a fishing pier.

Oakwood Park is a beautiful park located on the shores of Lake Erie. The park has a playground, picnic areas, a walking trail, and a fishing pier.

Sunset Terrace at Lakeview is a beautiful spot overlooking Lake Erie. It's perfect for a romantic sunset stroll, or for watching the boats come in and out of the harbor.

Waverly Place Park is a beautiful park located on the shores of Lake Erie. The park has a playground, a picnic area, a walking trail, and a gazebo. The park is also home to the Lorain Lighthouse, which is a popular tourist attraction.

Campana Park is a beautiful park located on the shores of Lake Erie. The park features a playground, picnic pavilions, a walking trail, and a fishing pier.

Central Park is a beautiful park located in the heart of Lorain, Ohio. The park features a variety of amenities including a playground, picnic areas, a walking trail, and a pond. The park is also home to a variety of events throughout the year, such as concerts and festivals.

Fulton Park is a beautiful park located on the shores of Lake Erie. The park has a large playground, a picnic area, a walking trail, and a fishing pier.

Pawlak Park is a beautiful park located on the shores of Lake Erie. The park has a playground, picnic areas, a walking trail, and a fishing pier.

Lorain, Ohio area median rent change by ZIP Code map

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How does Lorain compare to other cities in Ohio ?

citymedian price
Hamilton$1,725
Stow$1,340
Euclid$1,200
Columbus$1,400
Mentor$910
Athens$550
Parma Heights$1,100
Rocky River$2,050

Average household income in Lorain area graph - US Census

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The median household income in Lorain in 2021 was $40,486. This represents a 16.4% change from 2011 when the median was $34,769.

#categorypercent
0Less than $10,00013.6%
1$10,000 to $14,9998.1%
2$15,000 to $19,9996.2%
3$20,000 to $24,9995.1%
4$25,000 to $29,9996.3%
5$30,000 to $34,9995.6%
6$35,000 to $39,9994.5%
7$40,000 to $44,9995.2%
8$45,000 to $49,9994.6%
9$50,000 to $59,9999.6%
10$60,000 to $74,9998.9%
11$75,000 to $99,9999.9%
12$100,000 to $124,9995.9%
13$125,000 to $149,9992.9%
14$150,000 to $199,9992.4%
15$200,000 or more1.0%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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