Short Sale Listings in Elyria, OH

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Home Value Estimator For Elyria, OH

There are currently 20,542 real estate properties in Elyria, OH, with a median automated valuation model (AVM) price of $155,759.00. 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 $166,707.00, with the most expensive house in Elyria, OH, topping out at $1,835,000.00 and the cheapest home in Elyria, OH, clocking in at $10,500.00. 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.

Top Reasons To Live In Elyria, OH In 2024

Elyria is located in Lorain, Ohio, with an estimated municipal population of 53,757 residents. All of the best foreclosed homes for sale in Elyria are located in the following zip code areas on 44035 44036. The estimated population per square kilometer (.62 miles) in Elyria is 1,009.

Cost Of Living In Elyria, OH

So, about how much do homes cost in Elyria? The most recent median value of resident-owned homes in Elyria is 98,809. An estimated 59.3 percent of households in Elyria own their homes, with an average family size of 3. The median household income in Elyria is 44,324, with13.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Elyria, the median commute time of resident workers (in minutes) is 23.6. And last, but certainly not least, are you looking for homes to rent in Elyria? If so, the average rent price paid by renters in Elyria is 741, according to recent statistics.

Diversity And Demographics In Elyria, Ohio

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Elyria, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Elyria is 39.2, split between 48 percent male versus 52 female. The percentage of residents who report being married in Elyria is 39.1, with an average family size of 3.

The percentage of residents who report their race in Elyria is as follows:

White 76.4%
Black / African American 15.7%
Asian 1%
American Indian / Alaskan Native 0.3%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 5.6%
Other 1%

Looking for family-friendly neighborhoods in and/or near Elyria? Or maybe you are searching for 55+ active adult communities in and/or near Elyria?

The percentage of residents who report their age in Elyria is as follows:

Under 10 13.2%
Aged 10-19 12.2%
20s 14.2%
30s 11.3%
40s 11.9%
50s 14.2%
60s 13%
70s 6.1%
80+ 3.9%

Best Schools In Elyria, Ohio

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Elyria with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Elyria.

Pros And Cons Of Living In Elyria, Ohio

How do you know that living in -- or moving to -- Elyria is right where you need to be? Perhaps you grew up in Elyria or already live nearby; therefore, the decision to buy a home in Elyria is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Elyria for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Elyria:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Elyria.

Reasons To Move To Elyria, Ohio, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Elyria can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Elyria, meanwhile, can field multiple offers from more qualified buyers.

Elyria, OH Short Sale Listings


Listing types in Elyria, OH

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