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Lorain city, OH

ZIP 44055 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 44055

Median Home Value
$95,700
Median Rent
$666
Affordability Snapshot
$26,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$615/mo PITI).

22%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.6x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

12.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 44055 in Lorain city, OH, a household would need roughly $26,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $615. That sits below the local median household income ($36,603), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
53.2%-19% vs US avg
x
Vacancy Rate
11.0%+7% vs US avg
x
Broadband Access
78.9%-9% vs US avg
x
4+ Bedrooms
1.9%-88% vs US avg
x
Built Pre-1939
8.8%-32% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
29.1%-41% vs US avg
x
Mortgage-Free
54.9%+44% vs US avg
x
$95,700
Home Value
$666
Rent
1956
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached73.6%
  • 1-unit attached3.4%
  • 2-9 units13.3%
  • 10+ units8.6%
  • Mobile home & other1.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$95,700
Median rent$666
Owner-occupied53.2%
Vacant11.0%
Price-to-income2.6x
Est. income to buy$26,000