Lake County, Ohio home prices
Typical home $249,918 · +3.4% in a year · property tax 1.62%
The typical home in Lake County is worth $249,918, about the same as the Ohio typical home ($245,982). Values changed +3.4% in the past year and +29.6% over five years. Homeowners here pay a median 1.62% of their home's value in property tax each year ($4,056 on the typical home), versus 1.22% statewide.
Mortgage on the typical Lake County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $49,984 | $199,934 | $1,345 | $0 | $463 | $1,808 | $77,500 |
| 10% down | $24,992 | $224,926 | $1,513 | $94 | $463 | $2,070 | $88,700 |
| 5% down | $12,496 | $237,422 | $1,597 | $99 | $463 | $2,159 | $92,500 |
| 3.5% down (FHA) | $8,747 | $245,391 | $1,651 | $111 | $463 | $2,224 | $95,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.62% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Ohio · part of the Cleveland metro area.
Ohio counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Shelby County | $246,250 | +7.0% | 0.95% |
| Logan County | $253,679 | +3.7% | 1% |
| Clinton County | $253,731 | +4.1% | 0.93% |
| Fayette County | $244,757 | +3.1% | 0.94% |
| Ashland County | $244,608 | +4.3% | 0.99% |
| Champaign County | $255,719 | +7.4% | 1.02% |
| Auglaize County | $242,461 | +6.2% | 0.96% |
| Wood County | $242,240 | +2.6% | 1.34% |
| Erie County | $240,422 | +3.4% | 1.22% |
| Brown County | $260,279 | +2.1% | 0.82% |
Frequently asked questions
What is the average home price in Lake County, OH?
The typical home value in Lake County is $249,918 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Lake County?
About $77,500 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Lake County?
The median effective rate is 1.62% of home value a year (Census ACS 2024 5-year estimates).