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Preforeclosure Homes in Elyria, OH

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Living in Elyria, OH

Elyria, OH, is a family-friendly city known for its vibrant community and rich history. With ample local amenities, excellent schools, and a variety of recreational activities, it is an ideal location for families and young professionals. Its close proximity to larger cities offers residents the best of both suburban and urban living.

Current Market Conditions in Elyria, OH

The Elyria real estate market is currently exhibiting positive growth trends, with an increase in home values over the past year. This trend reflects the area's appeal and demand for housing as more people are drawn to the community. The market remains competitive, with homes typically selling quickly due to the demand.

Investors will find Elyria an attractive option as the rental market is also robust, with rising rents contributing to potential cash flow opportunities. Additionally, the city is experiencing revitalization efforts, which are further enhancing property values and making it an ideal location for investment.

Home Value Estimator For Elyria, OH

There are currently 21,989 real estate properties in Elyria, OH, with a median automated valuation model (AVM) price of $181,809.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Elyria, OH, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Elyria, OH, is $208,782.00, with the most expensive house in Elyria, OH, topping out at $70,019,324.00 and the cheapest home in Elyria, OH, clocking in at $10,788.00. In other words, there’s something for every potential homebuyer or savvy investor in Elyria, OH!

Rent Prices In Elyria, OH

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Elyria, OH, is on a rollercoaster ride. The average rent price in Elyria, OH, is $974.00. Indeed, when looking to rent in Elyria, OH, you can expect to pay as little as $500.00 or as much as $2,440.00, with the average rent median estimated to be $940.00. The good news is that finding an affordable and desirable property to rent in Elyria, OH -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Elyria, OH Preforeclosure Homes


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