Rental numbers for Lorain County, OH
The typical home here runs -$736 a month at 7.78% with 25% down, breaking even at about 1.5%. 0 of 6 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 7.9%.
- Gross yield
- 6.9%
- typical home, Zillow
- Median ZIP yield
- 7.9%
- 6 ZIPs with full data
- Cash flow
- -$736/mo
- at 7.78%, 25% down
- Typical price
- $264,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,507/mo
- Zillow ZORI, Aug 2026
ZIP codes in Lorain County
15 with published figures
| 44055Lorain | $130,000 | $1,194 | 11.0% | 6.3% | -$22 | n/a |
| 44052Lorain | $142,000 | $1,077 | 9.1% | 4.6% | -$218 | +1.6% |
| 44049Wellington | $146,000 | $1,090* | 9.0% | 4.6% | -$222 | n/a |
| 44035Elyria | $191,000 | $1,292 | 8.1% | 4.0% | -$394 | +5.2% |
| 44039North Ridgeville | $334,000 | $2,153 | 7.7% | 3.9% | -$703 | n/a |
| 44054Sheffield | $230,000 | $1,360* | 7.1% | 3.2% | -$629 | n/a |
| 44012Avon Lake | $426,000 | $2,259 | 6.4% | 2.8% | -$1,302 | n/a |
| 44028Columbia Station | $405,000 | $1,890* | 5.6% | 2.1% | -$1,459 | n/a |
| 44050Lagrange | $306,000 | $1,370* | 5.4% | 1.8% | -$1,179 | n/a |
| 44011Avon | $478,000 | $2,117 | 5.3% | 1.8% | -$1,839 | n/a |
| 44053Lorain | $247,000 | $1,080* | 5.3% | 1.8% | -$949 | n/a |
| 44074Oberlin | $279,000 | $1,180* | 5.1% | 1.7% | -$1,117 | n/a |
| 44001Amherst | $284,000 | $1,190* | 5.0% | 1.7% | -$1,135 | n/a |
| 44044Grafton | $319,000 | $1,260* | 4.7% | 1.4% | -$1,351 | n/a |
| 44090New London | $293,000 | $1,010* | 4.1% | 0.9% | -$1,357 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +4.9%
- Rent, 12 months
- +3.6%
- Rent minus price growth
- -1.3 pts
- Property tax
- 1.37%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $198,488 | $1,097 |
| Aug 2022 | $222,020 | $1,205 |
| Aug 2023 | $227,988 | $1,292 |
| Aug 2024 | $240,926 | $1,384 |
| Aug 2025 | $251,468 | $1,455 |
| Aug 2026 | $263,670 | $1,507 |
HUD Fair Market Rent
FY2027, Cleveland, OH HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $924 | $1,050 | $1,274 | $1,628 | $1,756 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 11.3
- 1,438 units, last 12 months
- National percentile
- 75th
- among US counties
Tools
Test a listing in Lorain County against today's rate.
Open the calculatorPart of the Cleveland, OH metro.
Questions
- Is Lorain County good for rental property?
- The typical home here runs -$736 a month at 7.78% with 25% down, breaking even at about 1.5%. 0 of 6 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 7.9%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Lorain County?
- About 1.37% of value, from Census ACS median taxes paid over median home value. On a $264,000 home that is about $3,610 a year.
- What is Fair Market Rent in Lorain County?
- HUD's FY2027 Fair Market Rent here is $1,050 for a 1-bedroom, $1,274 for a 2-bedroom and $1,628 for a 3-bedroom. Typical cash flow at today's rate is -$736 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.