Lorain County, Ohio home prices
Typical home $260,654 · +4.8% in a year · property tax 1.37%
The typical home in Lorain County is worth $260,654, 6% more than the Ohio typical home ($245,982). Values changed +4.8% in the past year and +33.5% over five years. Homeowners here pay a median 1.37% of their home's value in property tax each year ($3,568 on the typical home), versus 1.22% statewide.
Mortgage on the typical Lorain County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $52,131 | $208,523 | $1,403 | $0 | $428 | $1,830 | $78,400 |
| 10% down | $26,065 | $234,588 | $1,578 | $98 | $428 | $2,103 | $90,100 |
| 5% down | $13,033 | $247,621 | $1,666 | $103 | $428 | $2,197 | $94,100 |
| 3.5% down (FHA) | $9,123 | $255,932 | $1,722 | $115 | $428 | $2,265 | $97,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.37% 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 |
|---|---|---|---|
| Putnam County | $260,924 | +9.1% | 0.97% |
| Brown County | $260,279 | +2.1% | 0.82% |
| Wayne County | $264,392 | +3.8% | 1.17% |
| Champaign County | $255,719 | +7.4% | 1.02% |
| Hamilton County | $266,241 | +0.8% | 1.51% |
| Clinton County | $253,731 | +4.1% | 0.93% |
| Logan County | $253,679 | +3.7% | 1% |
| Miami County | $268,300 | +2.5% | 0.98% |
| Lake County | $249,918 | +3.4% | 1.62% |
| Ottawa County | $273,705 | +1.3% | 1.08% |
Frequently asked questions
What is the average home price in Lorain County, OH?
The typical home value in Lorain County is $260,654 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Lorain County?
About $78,400 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Lorain County?
The median effective rate is 1.37% of home value a year (Census ACS 2024 5-year estimates).