Avon Lake, OH—44012
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Avon Lake, OH
As of Oct '25, the median home price in Avon Lake, OH is $415,000, with a year-over-year change of 6.0%. This indicates that home prices in Avon Lake, OH are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $415,000 | 6.0% |
| Single Family | $441,000 | 6.5% |
| Condos | $321,000 | 3.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $258,000 | 3.6% |
3 Bed | $341,000 | 5.6% |
4 Bed | $534,000 | 5.5% |
| 5 Bed | $648,000 | 4.5% |
% of Housing Stock
Rental Trends — Avon Lake, OH
As of July '25, Rentcast reports the average rent in Avon Lake, OH is $2,400, with a year-over-year rent change of 14.3%. Per bedroom, the median rent as of July '25 in Avon Lake, OH is 1-bedrooms: $1,350, 2-bedrooms: $1,880, 3-bedrooms: $2,390, 4-bedrooms: $3,210. The most common rental property sizes in Avon Lake, OH are 2-bedroom and 1-bedroom, accounting for 49.1% and 26.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,140 | $2,400 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,350 | $1,350 |
| 2 Bed Rent | $1,800 | $1,880 |
| 3 Bed Rent | $2,400 | $2,390 |
| 4 Bed Rent | $3,500 | $3,210 |
% of Rental Stock
Property Listings — Avon Lake, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Avon Lake, OH is 39. This is a increase of 27.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $484,000 | -3.0% |
Listing Count | 91 | 21.0% |
| Listings as % of Homes | 0.5% | 21.0% |
Days on Market | 39 | 27.0% |
Demographics — Avon Lake, OH
As of the latest ACS Survey released in 2023, Avon Lake, OH has a population of 25,500, which has increased by 7.1% over the past 5 years. Avon Lake, OH is a moderately popular place for families, as children make up 24.7% of the population. The area has a highly educated workforce, with 54.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,500 | 7.1% |
% Under 18 | 24.7% | -2.4% |
% Seniors | 20.1% | 3.6% |
% WFH | 17.6% | 137.8% |
% w/ College Degree | 54.3% | 7.7% |
As of the latest ACS Survey released in 2023, Avon Lake, OH is a predominantly white area, with 90.8% of the population identifying as white. The white population has shrunk by 3.7% in the last 5 years. The second most common race or ethnicity in Avon Lake, OH is hispanic, making up 3.2% of the population. Foreign-born residents account for 3.7% of the population in Avon Lake, OH, and this percentage has decreased by 7.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 90.8% | -3.7% |
% Black | 1.0% | 100.0% |
% Hispanic | 3.2% | 23.1% |
% Asian | 2.3% | 109.1% |
% Foreign Born | 3.7% | -7.5% |
Mortgage and Risk — Avon Lake, OH
According to HUD data as of 2023, there were 643 mortgage originations in Avon Lake, OH, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Avon Lake, OH. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 643 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Avon Lake, OH
As of 2024, the percent of homes in Avon Lake, OH under the Section 8 program is 8.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Avon Lake, OH, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 175 |
Total Units Section 8 | 154 |
% Rentals under Section 8 | 8.3% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $1,350 | $1,440 |
| 2 Bedroom | -$50 | $1,800 | $1,750 |
| 3 Bedroom | -$150 | $2,400 | $2,250 |
| 4 Bedroom | -$1,090 | $3,500 | $2,410 |
Affordability — Avon Lake, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $415,000 |
| Median Household Income | $110,000 |