Land and home values in Lorain, OH
Lorain is a city in Lorain County, Ohio, home to about 65,395 people. Residential land runs about $3.58 per sq ft, the typical home is worth about $163,000, and a 2-bedroom rents for about $1,250 a month, as of October 12, 2026.
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| Land: residential | $3.58 | per sq ft |
| Land: residential | $155,988 | per acre |
| Land: quarter-acre lot | $38,997 | 10,890 sq ft |
| Home: typical (median) | $163,000 | value |
| Home: entry-level | $111,000 | lower quartile |
| Home: upper-end | $173,000 | upper quartile |
| Build new | $194 | per sq ft, no land |
| Rent: 1-bedroom | $1,040 | per month |
| Rent: 2-bedroom | $1,250 | per month |
| Rent: 3-bedroom | $1,620 | per month |
| Rent: 4-bedroom | $1,730 | per month |
| Gross yield, 2-bed | 9.2% | a year |
ZIP codes
Questions people ask
How much is land worth in Lorain, OH?
Residential land in Lorain, OH is about $3.58 per square foot, or $155,988 an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $38,997. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in Lorain, OH?
The typical (median) home in Lorain, OH is worth about $163,000, with entry-level homes around $111,000 and upper-end homes around $173,000, as of October 2026.
How much is rent in Lorain, OH?
A 2-bedroom rents for about $1,250 a month in Lorain, OH, a 1-bedroom about $1,040 and a 3-bedroom about $1,620 (gross rent including utilities, HUD Fair Market Rent basis).
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.