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Rent To Own Homes in Lorain, OH

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Lorain, OH Foreclosures

How much do homes sell for in Lorain, OH?
The average home price is currently $182,771.
In Lorain, OH, how many homes are available?
There are currently 99 active home listings available in Lorain.
What’s the average rental cost in Lorain, OH?
The average rental price in Lorain is $1,006.
What is the most expensive home in Lorain?
The most expensive home sold in Lorain had a price of $17,170,530.
What is currently the cheapest priced home in Lorain, OH?
The cheapest home for sale in Lorain is priced at $10,221.

Living in Lorain, OH

Lorain, Ohio, is a waterfront city that offers a balanced lifestyle with plenty of recreational options, educational institutions, and a strong sense of community. Its location on Lake Erie provides scenic views and outdoor activities, making it an ideal spot for families and individuals alike. With a variety of homes available at differing price points, Lorain has something to offer everyone.

Current Market Conditions in Lorain, OH

Currently, Lorain's real estate market is experiencing a dynamic phase of growth, making it a prime location for both buyers and investors. Single-family homes are in demand, as the city continues to attract new residents looking for affordable housing options near the lake.

The rental market is also gaining momentum, with many individuals seeking properties for short-term leases due to the city's increasing tourism and local events.

Home Value Estimator For Lorain, OH

There are currently 25,376 real estate properties in Lorain, OH, with a median automated valuation model (AVM) price of $150,085.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lorain, 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 Lorain, OH, is $182,771.00, with the most expensive house in Lorain, OH, topping out at $17,170,530.00 and the cheapest home in Lorain, OH, clocking in at $10,221.00. In other words, there’s something for every potential homebuyer or savvy investor in Lorain, OH!

Rent Prices In Lorain, OH

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lorain, OH, is on a rollercoaster ride. The average rent price in Lorain, OH, is $1,006.00. Indeed, when looking to rent in Lorain, OH, you can expect to pay as little as $470.00 or as much as $2,300.00, with the average rent median estimated to be $990.00. The good news is that finding an affordable and desirable property to rent in Lorain, 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.

Lorain, OH Rent To Own Homes

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