Lorain
Lorain city, Ohio
As a local real estate advisor, I can tell you that Lorain, Ohio, is a hidden gem for those seeking affordability without sacrificing lifestyle. With a population of just over 65,000, this lakeside city offers a close-knit community feel, a stark contrast to the hustle and bustle of larger metropolitan areas. Imagine owning a home for a median value of just $115,200 – that's a steal compared to the national average. You'll find a relaxed pace of life here, perfect for those looking to escape the pressures of a high-cost environment.
From an investment perspective, Lorain presents a compelling opportunity. While the median household income of $46,562 is below the national average, the incredibly low cost of living makes your dollar stretch much further. The housing market is stable, and the city is ideal for first-time homebuyers or those looking to downsize. Lorain is especially well-suited for families and retirees. With its blend of affordability, community, and potential for growth, Lorain is a smart choice for those seeking value in their real estate investment.
Lorain, Ohio at a Glance
Lorain is a city in Lorain city, Ohio with a population of approximately 65,138. The median home value is $115,200 and the median household income is $46,562. It has a Walk Score of 0 out of 100, indicating car dependency. The violent crime rate is 1.4 per 1,000 residents, which is 61% below the national average. Air quality is rated Good. The overall climate risk is rated as "Very Low." Median rent is $888 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.
Median Home Value
$115,200
Median Income
$46,562
Population
65,138
Walk Score
0
Air Quality
AQI 43
Good
Climate Risk
Very Low
Good
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- Population
- 65,138
- Median Age
- N/A
- Median Household Income
- $46,562
38% below nat'l avg
- Bachelor's Degree+
- N/A
- Poverty Rate
- 27.5%
122% above nat'l avg
- Median Home Value
- $115,200
59% below nat'l avg
- Median Rent
- $888
24% below nat'l avg
- Homeownership Rate
- 88.0%
34% above nat'l avg
- Affordability Index
- 135
35% above nat'l avg
- Violent Crime Rate
- 1.4 per 1K
61% below nat'l avg
- Property Crime Rate
- 5.7 per 1K
70% below nat'l avg
- AQI
- 43
Near nat'l avg
- Category
- Good
- Overall Risk
- Very Low
- Risk Score
- 7.70
Top Hazards
- Overall
- Quiet
- Road Traffic
- N/A
- Aviation
- N/A
- Rail
- N/A
- Electricity Rate
- 11.8¢/kWh
29% below nat'l avg
- Est. Monthly Electric
- $106
23% below nat'l avg
- Total Schools
- 3
- Elementary
- 1
- Middle
- 1
- High School
- 1
- Avg. Enrollment
- 573
Nearby Schools
- Unemployment Rate
- 6.2%
68% above nat'l avg
- Poverty Rate
- 27.5%
122% above nat'l avg
Weather & Climate in Lorain
Avg High
61°F
Avg Low
44°F
Annual Rainfall
44.9"
Avg Humidity
72%
Political Landscape
→ Politically stable
Based on Morrow County county-level presidential election data
Culture & Things to Do in Lorain
Lorain International Festival
A multi-cultural festival celebrating the city's diverse heritage.
Rockin' on the River
A popular summer concert series held along the Black River.
Feast of the Flowering Moon
A Native American pow-wow and cultural celebration.
Christmas in the City
Holiday festivities including a parade and tree lighting ceremony.
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