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Lorain

Lorain

Located in Lorain County

$174,058 Average Value
$163 Average Price per Sq Ft
11 Homes For Sale

An Ohio city shifting away from industry

On the surface, Lorain, Ohio, embodies the challenges facing cities across the nation’s Rust Belt. Once home to large companies like the American Ship Building Company and Ford Motor Company, today, the largest employers of city workers are Mercy Health, the Lorain City School District and Lorain Tubular. After unresolved labor disputes forced the shutdown of American Ship Building Company’s Lorain plant in the 1980s, the city’s population fell into decline, from a peak of 78,000 in 1970 to 65,138 in 2022. Yet, as the birthplace of the great American writer Toni Morrison and homeplace of a thriving arts and culture scene, the city is working to outshine its industrial past with an eye towards the future.

A neighborhood in Sheffield Lake overlooks the Sheffield Ford Assembly plant.
A neighborhood in Sheffield Lake overlooks the Sheffield Ford Assembly plant.
Houses wind along sleepy streets in Sheffield Village.
Houses wind along sleepy streets in Sheffield Village.
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From suburban homes to lakeside manors

Lorain sits on the banks of Lake Erie, so homes can be found on the lake or along suburban streets with tall oaks and neatly trimmed lawns. Colonial revival homes are popular throughout the city, but Lorain’s housing selection includes ranch-style homes, split-levels, modern craftsman homes and lakeside townhomes. Small single-family homes can sell for as little as $50,000, and large lakeside homes can sell for more than $1 million. Condos and townhomes typically sell between $75,000 and $310,000. When asked why people choose Lorain over surrounding areas, Russell Real Estate Services real estate agent Steve Lawson says affordability plays a big part. “It could be the lake,” Lawson says. “But taxes are cheaper and property values are cheaper.”

Cape Cod inspired new construction homes are popular in the new developments in Columbia Station
Cape Cod inspired new construction homes are popular in the new developments in Columbia Station
Ranch style home with a tidy lawn in Oberlin.
Ranch style home with a tidy lawn in Oberlin.
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Lorain City School District

The Lorain City School District earns an overall grade of C-minus on Niche and hosts 10 elementary schools – including Toni Morrison Elementary School – three middle schools and one high school. The district has nearly 6,000 students, earning a student-teacher ratio of 16:1, and has a graduation rate of 71%. Private options include St. Anthony of Padua, which feeds to nearby Elyria Catholic High School, and Lorain Preparatory Academy and High School. Post-secondary educational options include nearby Lorain County Community College and Oberlin College, a private college known for its music programs.

Kids can participate in a variety of competitive athletic programs at Oberlin Elementary.
Kids can participate in a variety of competitive athletic programs at Oberlin Elementary.
Kids are challenged to excel at Oberlin High School.
Kids are challenged to excel at Oberlin High School.
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Lakeview Beach, Foxcreek Golf Course and other green spaces

The Parks and Recreation department manages 56 parks, offering over 800 acres of green space. The park system provides 22 playgrounds, 19 baseball fields and 16 basketball courts. Other amenities include tennis courts, picnic facilities and wooded bike trails. Residents can enjoy the lake at Lakeview Beach, and the city is home to numerous marinas where boaters can dock or launch. The city’s championship golf course, Foxcreek Golf and Racquet Club, offers an 18-hole course along a tributary of Lake Erie.

Indoor recreation is often centered around the Lorain Public Library, home to the Toni Morrison Reading Room. Dedicated in 1995, this room honors the Nobel laureate who worked at the library early in her life. It includes original literary works and artwork donated by the author as well as artifacts from across her life. The library also hosts an annual Toni Morrison Day with poetry and essay contests.

Play a round of golf at Echo Valley Golf Course in Wellington.
Play a round of golf at Echo Valley Golf Course in Wellington.
Wellington Community Park has baseball fields and open green spaces.
Wellington Community Park has baseball fields and open green spaces.
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Shopping and dining in downtown Lorain

Located just off the banks of Lake Eerie and the Black River, downtown Lorain runs along Broadway, offering locally owned antique shops, tattoo studios, jewelry stores and The Lorain Palace Theatre, which hosts live music, movies and theater performances. “It’s not the biggest shopping area in the city, but downtown Lorain has a lot of history to it,” says Jamal, the assistant administrator at The Lorain Palace Theater. “The theater’s restoration happened in 1928, and the business has been explosive ever since.” Local eateries options range from rustic coffee shops and artisan bakeries to Mexican, American and Italian restaurants. There are also a few large shopping centers around the city, holding national chains like Walmart, Home Depot and Meijer.

Locals are served up tasty food at Nancy’s Main Street Diner.
Locals are served up tasty food at Nancy’s Main Street Diner.
Locals in Grafton are always welcome to stop in for a delicious meal at Check Please Restaurant
Locals in Grafton are always welcome to stop in for a delicious meal at Check Please Restaurant
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Woollybear and fish festivals

Festivities abound year-round in Lorain, and its events celebrate its varied historical and cultural roots. In the summer, the FireFish Art Festival and the Vermilion Festival of the Fish celebrate the city’s freshwater connections with art, dance, theater, music, local food vendors and the Queen and Princess pageant. Started in 1973, the fall Woollybear Festival pays homage to folklore that says Isabella tiger moth larva—known as banded woolly bears—forecast the severity of the upcoming winter with the amount of black fur they are born with. Other festivals include Rockin' on the River and the Lorain International Festival.

Interstate 90 and the Cleveland Hopkins International Airport

Running along Lake Erie's shores, the Grand Army of the Republic Highway puts downtown Cleveland just about 26 miles east of Lorain. Drivers can connect to the nation’s network of interstates by way of Interstate 90, roughly 6 miles south. The interstate also puts the Cleveland Hopkins International Airport 24 miles away. Lorain County Transit operates two bus routes through the city, both of which connect downtown Lorain to Elyria.

Higher risk of violent crime

Data from the FBI indicates Lorain’s property crime rates mostly follow national averages, but the city’s violent crime rates consistently trend higher than Ohio state and U.S. national averages. Environmental data indicates that some properties close to the Black River may experience some impact from flooding over the next 30 years, but the risk is mainly limited to roads. While the city does experience a full four seasons, its winters can be harsh due to the lake effect. On average, the city sees about 40 inches of snow per year.

Konrad Solberg
Written By
Konrad Solberg
David Fritzson
Video By
David Fritzson

Interested in learning more about homes in this area? Reach out to Doug Ryan, an experienced agent in this area.

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Lorain Housing Trends

Housing Trends

Median List Price
$225,580
Median Sale Price
$280,000
Median Single Family Sale Price
$210,000
Median Townhouse Sale Price
$225,580
Median 2 Bedroom Sale Price
$145,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
173
Median Home Sale Price YoY Change
-2%
Average Price Per Sq Ft
$163

Neighborhood Facts

Number of Homes in Neighborhood
21,644
Number of Homes for Sale
11
Median Year Built
1953
Months of Supply
0.80
Average Single Family Home Size Sq Ft
1,417
Significantly below the national average
1,924
Average Townhouse Size Sq Ft
1,871
Average 2 Bedroom Size Sq Ft
1,220
Average 1 Bedroom Size Sq Ft
979
Median Lot Size Sq Ft
7,405

Open Houses

  • 5107 7 Pines Dr, Lorain, OH 44053

    $265,900

    • 3 Beds
    • 2 Baths
    • 1,936 Sq Ft
    • 5107 7 Pines Dr

    Welcome to this beautiful home in Lorain! This lovely house has 3 bedrooms plus 1 extra bedroom in the lower level. This split-level home has an eat-in kitchen, a family room on the main level and a second one on the lower level, with a full bath and access to the backyard. Laundry area and plenty of storage in the basement. The backyard has a privacy fence and it is ready for you to enjoy the

    Agent Photo
    Roxana Rodriguez
    Century 21 DeAnna Realty
    (440) 261-5601
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  • 0 Pearl Ave Unit 5112836, Lorain, OH 44055

    $15,000

    • 0 Pearl Ave
    • Unit 5112836

    Opportunity Awaits! This offering includes two parcels totaling 0.17 acres, giving you the perfect canvas for your next project. The lots are cleared and ready to build, with all utilities available at the street—just bring your builder or place a manufactured home. Nestled in a convenient location close to shopping, dining, and local amenities, this is a great area for your next home or

    Agent Photo
    Laura Price
    Russell Real Estate Services
    (440) 557-3178
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  • 223 W 16th St, Lorain, OH 44052

    $140,000

    • 3 Beds
    • 1 Bath
    • 223 W 16th St
    • New 22 days ago

    Don't miss this incredible opportunity to own a charming 3-bedroom, 1-bathroom home in a prime location near Lake Erie! This property, currently being used as a rental, is less than 3 miles from the lake and offers easy access to Lakeside Landing, Oasis Marina, and the popular Lakeview Beach. During the Summer enjoy the annual 'Rockin' on the River' summer concerts at Black River Landing, just

    Agent Photo
    Johnny Kincaid
    Howard Hanna
    (440) 588-3291
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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Lorain Has More Owners

Demographics

Total Population
69,497
Median Age
40
Population under 18
26%
On par with the national average
23.8%
Population over 65
19%
On par with the national average
19.1%

Finances

Median Household Income
$43,775
Significantly below the national average
$71,702
Average Household Income
$57,211

Education and Workforce

High School Graduates
84.1%
College Graduates
12.7%
Below the national average
34.1%
Advanced Degrees
3.8%
Below the national average
13.3%
% Population in Labor Force
57.4%

Weather

Annual Precipitation
42''
Average Winter Low Temperature
21°F
Average Summer High Temperature
84°F
Annual Snowfall
17''

Area Factors

Somewhat Bikeable

Bike Score®®

37 / 100

Car-Dependent

Walk Score®®

38 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Lorain