The story of this market
The typical home in ZIP 44049 sells for about $245,000, or $112 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 44049 — Kipton
The housing market in 44049 is currently stable, characterized by modest price growth and limited inventory. Market activity is driven by local demand for affordable single-family homes, though the area faces challenges with limited new development and a slow pace of sales.
This ZIP is well-suited for families and individuals seeking a quiet, rural-suburban lifestyle with affordable housing options compared to the nearby Cleveland suburbs.
Median prices moved up 2.1% year over year.
Homes spend a median of 58 days on market with 3.2 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.7% · poverty 10.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 44049, Lorain County OH
Crime rates in Wellington are generally lower than the Ohio state average, with property crime being the primary concern in the broader Lorain County region.
The Wellington Exempted Village School District serves the area, generally maintaining stable performance ratings within the state accountability framework.
The area faces moderate risk from severe thunderstorms and occasional high winds, with standard flood insurance requirements for properties located near the West Branch Black River.
Economic momentum is driven by local manufacturing and agricultural support services, with limited large-scale commercial development currently underway.
Property taxes are assessed by Lorain County based on market value, with millage rates determined by local school district and municipal levies.
Commuters primarily rely on State Route 58 and State Route 18 for access to larger employment hubs in Elyria and the greater Cleveland metropolitan area.
The area features access to the Wellington Reservation and various local parks, providing trails and fishing opportunities within a short distance of the village center.
The rental market is characterized by low inventory and steady demand, with limited new multi-family construction putting upward pressure on rents.
The local economy is anchored by small-scale manufacturing, agriculture, and local government services, with many residents commuting to larger industrial centers in Lorain County.
Transportation is primarily automobile-dependent, with limited public transit options available for regional commuting.
Development is focused on maintaining the historic character of the village while allowing for controlled residential growth on the periphery.
The Lorain County Auditor's office manages property assessments, conducting triennial updates to ensure valuations reflect current market conditions.
Parcels are subject to Wellington Exempted Village School District taxes and various county-wide levies for health and human services.
Property insurance premiums are stable, though homeowners should account for potential wind and hail coverage adjustments common in Northern Ohio.
Data retrieved from US Census Bureau ZCTA 44049 profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A large nature preserve offering hiking trails and wildlife viewing.
Features sports fields and picnic areas for local residents.
Key-figure check: median price diverges 38.7% from the nearest retained anchor (published ten-year series (2024)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $150,156 (38.7% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $150,156 (-38.7% vs the published ten-year series (2024)) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.