2026 Affordability Data
Most Affordable Neighborhoods in Lorain - 2026 Data
The median home value in Lorain is $115,200, 59% below nat'l avg. Median rent is $888/month. With an affordability index of 135, Lorain is more affordable than the national baseline of 100. We ranked 15 neighborhoods by affordability to help you find the best value in the Lorain, OH area.
Key Takeaways: Affordability in Lorain
- 1The most affordable neighborhood in Lorain is Cincinnati, with a median home value of $170,000.
- 2Lorain's median home value is $115,200, 59% below nat'l avg (national: $281,900).
- 3Lorain's affordability index is 135 (baseline 100), making it more affordable than the national average.
- 4Median rent in Lorain is $888/month, 24% below nat'l avg (national: $1,163/month).
- 5We analyzed 15 neighborhoods in Lorain to find the most affordable areas based on home values, rent, and affordability index.
Lorain Affordability Overview
Median Home Value
$115,200
59% below nat'l avg
Median Rent
$888/mo
24% below nat'l avg
Median Income
$46,562
38% below nat'l avg
Affordability Index
135
35% above nat'l avg
Most Affordable Neighborhoods in Lorain (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | CincinnatiOH | $170,000 |
| 2 | NewarkOH | $162,300 |
| 3 | MonroeOH | $242,000 |
| 4 | Mount VernonOH | $149,200 |
| 5 | SalemOH | $113,700 |
| 6 | ClevelandOH | $87,400 |
| 7 | BeachwoodOH | $362,500 |
| 8 | WickliffeOH | $146,600 |
| 9 | AkronOH | $99,700 |
| 10 | CantonOH | $86,200 |
| 11 | HamiltonOH | $141,300 |
| 12 | CirclevilleOH | $157,900 |
| 13 | East ClevelandOH | $71,800 |
| 14 | New FranklinOH | $185,000 |
| 15 | EuclidOH | $105,000 |
Detailed Neighborhood Profiles
Home Value: $170,000
Rent: $1,554/mo
Affordability: 155
Population: 309,317
Walk Score: 98/100
Home Value: $162,300
Rent: $888/mo
Affordability: 135
Population: 50,062
Walk Score: 0/100
Home Value: $242,000
Rent: $888/mo
Affordability: 135
Population: 15,202
Walk Score: 0/100
4
Home Value: $149,200
Rent: $888/mo
Affordability: 135
Population: 16,861
Walk Score: 0/100
5
Home Value: $113,700
Rent: $888/mo
Affordability: 135
Population: 11,861
Walk Score: 0/100
6
Home Value: $87,400
Rent: $888/mo
Affordability: 135
Population: 370,365
Walk Score: 0/100
7
Home Value: $362,500
Rent: $888/mo
Affordability: 135
Population: 13,846
Walk Score: 0/100
8
Home Value: $146,600
Rent: $888/mo
Affordability: 135
Population: 12,661
Walk Score: 0/100
9
Home Value: $99,700
Rent: $888/mo
Affordability: 135
Population: 190,273
Walk Score: 0/100
10
Home Value: $86,200
Rent: $888/mo
Affordability: 135
Population: 70,589
Walk Score: 0/100
11
Home Value: $141,300
Rent: $888/mo
Affordability: 135
Population: 63,149
Walk Score: 0/100
12
Home Value: $157,900
Rent: $888/mo
Affordability: 135
Population: 14,017
Walk Score: 0/100
13
Home Value: $71,800
Rent: $888/mo
Affordability: 135
Population: 13,926
Walk Score: 0/100
14
Home Value: $185,000
Rent: $888/mo
Affordability: 135
Population: 13,874
Walk Score: 0/100
15
Home Value: $105,000
Rent: $888/mo
Affordability: 135
Population: 49,279
Walk Score: 0/100
Frequently Asked Questions About Affordability in Lorain
What is the most affordable neighborhood in Lorain, OH?▾
Based on 2026 data, Cincinnati is the most affordable neighborhood in Lorain with a median home value of $170,000. Kurby analyzed 15 neighborhoods in the Lorain area to compile these rankings.
What is the median home price in Lorain, OH?▾
The median home price in Lorain is $115,200, which is 59% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is Lorain affordable compared to the national average?▾
Lorain has an affordability index of 135, which means housing is more affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in Lorain, OH?▾
The median monthly rent in Lorain is $888. This is 24% below nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Lorain?▾
The median household income in Lorain is $46,562 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in Lorain are below the national average home price?▾
14 out of 15 ranked neighborhoods in Lorain have a median home value below the national average of $281,900. The most affordable is Cincinnati at $170,000 (Source: Kurby, 2026).