Lorain, OH has a population of 63,731, while the median age is 38. The household income in Lorain, OH is around $36,139. The homeownership rate among the residents is 57%. The median residential property value in Lorain, OH that you should keep in mind is $84,300.
Population | 63,731 |
Median Age | 37.6 |
Poverty Rate | 25% |
Household Income | $36,139 |
Number Of Employees | 25,819 |
Median Property Value | $84,300 |
Rent Price |
May | vs Last Month |
---|---|---|
1-bed apartments | $937 | +26.5% |
2-bed apartments | $1,111 | +31.8% |
3-bed apartments | $1,650 | N/A |
Over the May 2023, the average rent for an apartment in/near Lorain, OH increased by 43.2% to $1,215.
Breaking it down in details, we now see that the average price for 1-bed apartment increased by 26.5% to $937. Pricing for 2-bed apartment also increased by 31.8% and a place of this size will now cost you $1,111. Reports state that an average 3-bed apartment pricing did not change, so you can still get yourself one for $1,650. Consequently, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $1,295 for a big-family home.
Rent Type Price |
May | vs Last Month |
---|---|---|
Apartments for rent | $937 | +19.4% |
Houses for rent | $1,083 | -16.4% |
Townhouses for rent | $2,300 | N/A |
The median rent for an apartment in Lorain, OH increased by 19.4% to $937. Statistics show that house rent price decreased by 16.4% this month making it up to $1,083. Townhouse rent pricing didn’t change, the price still starts at $2,300.