View in Interactive Map
  1. Home
  2. /Browse ZIP Codes
  3. /Ohio
  4. /Elyria, OH - 44035

Elyria, OH—44035

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$192,000
4.7% YoY Growth
Household Income
$54,400
17.9% YoY Growth
Days on Market
37
13.0% Longer YoY
Home Price Forecast
2.3%
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
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Elyria, OH

As of May '26, the median home price in Elyria, OH is $192,000, with a year-over-year change of 4.7%. This indicates that home prices in Elyria, 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 TypeMedian Home ValueYoY % Change
All Homes
$192,0004.7%
Single Family $193,0004.9%
Condos $165,0001.9%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

Browse ZIP Codes by State

All states and cities →
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • District of Columbia
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Puerto Rico
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming
  • Affordability
  • Rentals and Section 8
    • $102,000
    -17.7%
    2 Bed
    		$147,0003.5%
    3 Bed
    		$190,0005.0%
    4 Bed
    		$250,0004.6%
    5 Bed $278,2745.8%
    Loading chart...

    % of Housing Stock

    Studio
    2.7%
    1 Bedroom
    9.5%
    2 Bedrooms
    26.3%
    3 Bedrooms
    44.6%
    4 Bedrooms
    14.4%
    5+ Bedrooms
    2.5%

    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.

    TypeMedian RentAverage 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
    Loading chart...

    % 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 May '26, Realtor.com reports that the median days on market for a home in Elyria, OH is 37. This is a increase of 13.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$225,000-1.0%
    Listing Count
    		19337.0%
    Listings as % of Homes0.4%37.0%
    Days on Market
    		3713.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % 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%
    Loading chart...

    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

    MetricLatest Census5-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%
    Loading chart...

    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

    MetricZip 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%
    Loading chart...
    Loading chart...

    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 SizeHUD PremiumMarket RentMax 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

    Affordability — Elyria, OH

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.9
    Median Home Price$192,000
    Median Household Income$54,400

    Elyria, OH — ZIP Code Boundary Map

    Loading map...

    Nearby ZIP Codes

    Lorain, OH

    44055

    Lorain, OH

    44052

    Sheffield, OH

    44054

    Lorain, OH

    44053

    North Ridgeville, OH

    44039

    Frequently Asked Questions