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Lorain County, OH

RANK #116 / 996  ·  POP 313,101  ·  OH

PROJECTED GROWTH: +2.7%

Lorain County ranks among the top U.S. counties across nearly every economic indicator.

[01] Why Lorain County?

Oberlin, home to the second-oldest continuously operating coeducational institute of higher learning in the world, Oberlin College, is one of Lorain County, Ohio's most notable towns. Located along the southern shore of Lake Erie, Lorain County is about 25 miles west of Cleveland, offering a mix of urban, suburban, and rural communities. Commutes vary, with major interstates like I-90, I-80 (Ohio Turnpike), and I-480 providing connections to Cleveland and other regional markets. The county boasts over 11,000 acres of parkland, including Lakeview Park with its sunsets over Lake Erie, and extensive trails for hiking and biking.

Lorain County offers a diverse lifestyle, with communities ranging from lakefront living in Avon Lake to the historic charm of Elyria, the county seat. Public schools in the county are generally above average, with various districts serving different communities. The economy is seeing growth, with projections for increases in domestic product and employment outpacing the state average in the coming years. This growth is driven by sectors such as manufacturing, healthcare, and information technology, with significant investment flowing into industrial and logistics development, including a large-scale industrial project near the Lorain County Regional Airport.

[02] Market Snapshot

Housing Ratio
5.2x

Above national median (4.7x)

GDP Growth
+3.1%

Above national median

Home Prices
+4.8%

Outpacing national median

Climate & Terrain
-0.3

Below-average climate & terrain

Price/Rent
13x

Below national median (13x)

Housing is fairly valued at 5.2x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Lorain County U.S. National

The Numbers

DEMOGRAPHICS
Population
313,101
+0.44% YoY
Median Household Income
$67,272
Median Home Value
$191,900
+4.81% 12mo
Median Rent
$886
Average Annual Pay
$55,721
+4.3% YoY
Employment
98,291
+0.4% YoY
Income-to-Home-Value
0.3506
More affordable than average
Migration Inflow
3.11%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$230,620
Days on Market
45
Moderate pace
Months of Supply
2.9
Seller's market
Sale-to-List Ratio
97.3%
Negotiation room for buyers
Sold Above List
25.3%
Listings w/ Price Drops
23.9%
Building Permits (2024)
1,331
Single-Family Permits
1,091

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$117M
TOTAL
PROJECT AMOUNT STATUS
Lorain County Mega Site Development
Lorain County Board of Commissioners / Liberty Development Company
$67M Under Construction
Lorain Renewable Natural Gas (RNG) Facility
EDL
$50M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +3.1% 58 percentile
Population Growth +0.4% 49 percentile
Income Growth +7.8% 33 percentile
Vacancy Rate 1.3% 34 percentile
Home Price Change +4.8% 89 percentile
Rent Growth +3.4% 58 percentile
Price/Rent 13x 58 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Lorain County, OH a good place to move to?

Lorain County has a Boom Town Index score of 88/100, ranking #116 among 996 U.S. counties. With job growth at +0.4% and a median household income of $67,272, it's an above-average county on economic indicators.

Is Lorain County affordable?

The median home value in Lorain County is $191,900 with median rent at $886/month. The income-to-home-value ratio is 0.3506, which is more affordable than the national average.

Is Lorain County growing or shrinking?

Population growth: +0.4% year-over-year. Job growth: +0.4%. Home values changed +4.8% in the past 12 months.

Are people moving to Lorain County?

Yes — 3.11% of Lorain County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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