Elyria, OH 44035 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Elyria, OH—44035

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$179,000

3.2% YoY Growth

Household Income

$54,400

17.9% YoY Growth

Days on Market

3.0% Shorter YoY

Home Price Forecast

2.5%

Median Rent

$939

4.5% YoY Growth

1-Bed Rent

$750

9.3% YoY Growth

2-Bed Rent

$939

8.7% YoY Growth

3-Bed Rent

$1,350

7.1% YoY Growth

Home Price Trends — Elyria, OH

As of Dec '25, the median home price in Elyria, OH is $179,000, with a year-over-year change of 3.2%. This indicates that home prices in Elyria, OH are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$179,000	3.2%
Single Family	$180,000	2.9%
Condos	$158,000	3.9%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Elyria, OH

As of July '25, Rentcast reports the average rent in Elyria, OH is $1,070, with a year-over-year rent change of -4.5%. Per bedroom, the median rent as of July '25 in Elyria, OH is studios: $1,200, 1-bedrooms: $760, 2-bedrooms: $1,050, 3-bedrooms: $1,350, 4-bedrooms: $1,580. The most common rental property sizes in Elyria, OH are 2-bedroom and 3-bedroom, accounting for 38.3% and 27.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$939	$1,070
Studio Rent	$1,200	$1,200
1 Bed Rent	$750	$760
2 Bed Rent	$939	$1,050
3 Bed Rent	$1,350	$1,350
4 Bed Rent	$1,500	$1,580

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% of Rental Stock

Studio

4.9%

1 Bedroom

22.9%

2 Bedrooms

38.3%

3 Bedrooms

27.1%

4 Bedrooms

5.2%

5+ Bedrooms

1.6%

Property Listings — Elyria, OH

As of Dec '25, Realtor.com reports that the median days on market for a home in Elyria, OH is 45. This is a decrease of -11.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$197,000	-3.0%
Listing Count	163	20.0%
Listings as % of Homes	0.4%	20.0%
Days on Market	54	-3.0%

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Demographics — Elyria, OH

As of the latest ACS Survey released in 2023, Elyria, OH has a population of 62,000, which has decreased by -2.0% over the past 5 years. Elyria, OH is a moderately popular place for families, as children make up 20.5% of the population. The area has a poorly educated workforce, with 16.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	62,000	-2.0%
% Under 18	20.5%	-6.8%
% Seniors	19.1%	19.4%
% WFH	5.9%	210.5%
% w/ College Degree	16.8%	5.7%

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As of the latest ACS Survey released in 2023, Elyria, OH is a predominantly white area, with 70.5% of the population identifying as white. The white population has shrunk by 6.9% in the last 5 years. The second most common race or ethnicity in Elyria, OH is black, making up 11.6% of the population. Foreign-born residents account for 2.5% of the population in Elyria, OH, and this percentage has increased by 8.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	70.5%	-6.9%
% Black	11.6%	-14.1%
% Hispanic	9.6%	77.8%
% Asian	1.4%	55.6%
% Foreign Born	2.5%	8.7%

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Mortgage and Risk — Elyria, OH

According to HUD data as of 2023, there were 1111 mortgage originations in Elyria, OH, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Elyria, OH. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	1,111
% Conventional Loans	70.0%
% Government Loans	30.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Elyria, OH

As of 2024, the percent of homes in Elyria, OH under the Section 8 program is 15.0%. 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 and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Elyria, OH, because HUD payments exceed market rent, while 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	1,859
Total Units Section 8	1,475
% Rentals under Section 8	15.0%
% Occupied Section 8	91.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$130	$750	$880
2 Bedroom	$131	$939	$1,070
3 Bedroom	$30	$1,350	$1,380
4 Bedroom	-$20	$1,500	$1,480

Elyria, OH—44035

Key Metrics at a Glance

Home Price Trends — Elyria, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Elyria, OH

% of Rental Stock

Property Listings — Elyria, OH

Demographics — Elyria, OH

Race and Ethnicity

Mortgage and Risk — Elyria, OH

Mortgages

Rentals and Section 8 — Elyria, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Elyria, OH

Home Price to Income Ratio

Elyria, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Lorain, OH

Lorain, OH

Sheffield, OH

Lorain, OH

North Ridgeville, OH

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.8
Median Home Price	$179,000
Median Household Income	$54,400

Elyria, OH—44035

Key Metrics at a Glance

Home Price Trends — Elyria, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Elyria, OH

% of Rental Stock

Property Listings — Elyria, OH

Demographics — Elyria, OH

Race and Ethnicity

Mortgage and Risk — Elyria, OH

Mortgages

Rentals and Section 8 — Elyria, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Elyria, OH

Home Price to Income Ratio

Elyria, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Lorain, OH

Lorain, OH

Sheffield, OH

Lorain, OH

North Ridgeville, OH

Frequently Asked Questions

What is the average home price in Elyria, OH 44035?

How have home prices in Elyria, OH 44035 changed over the past year?

What is the home price projection for Elyria, OH 44035?

What are the demographics of Elyria, OH 44035?

How long does it take homes to sell in Elyria, OH 44035?

What is the average rent price in Elyria, OH 44035?