The story of this market
The typical home in ZIP 44053 sells for about $253,800, or $145 per square foot.
Prices are up +4.1% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $898 a month.
ZIP 44053 — Lorain
The 44053 housing market shows steady appreciation with a median home value of approximately $253,800, reflecting a 4.1% year-over-year increase. Market conditions remain somewhat competitive, driven by limited inventory and consistent demand from local buyers. Note that specific figures for months of supply and price cut percentages are based on current market snapshots and may fluctuate.
This ZIP is well-suited for middle-income family buyers and first-time homeowners seeking affordability relative to the Cleveland suburbs, as well as investors looking for stable rental yields.
Median prices moved up 4.1% year over year.
Homes spend a median of 42 days on market with 3.2 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.0% · poverty 16.5% — 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 7.0%/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 5.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 44053, Lorain County OH
Crime rates in the Lorain area are generally consistent with regional averages for mid-sized industrial cities in Northeast Ohio, with localized variations in property crime.
Schools serving the 44053 area are primarily part of the Lorain City School District, which has historically faced challenges with state accountability ratings but maintains active community engagement.
The area is subject to standard Midwestern weather risks, including severe thunderstorms and occasional high winds; flood risk is localized to specific low-lying areas near the Black River.
Economic momentum is tied to the broader Lorain County industrial and healthcare sectors, with ongoing efforts to revitalize the waterfront and downtown areas of Lorain.
Property taxes are assessed by Lorain County based on market value, with rates determined by local school district levies and municipal millage; no specific ZIP-level tax exemptions exist beyond standard state homestead provisions.
Residents primarily commute via OH-2 and I-90 toward the Cleveland employment core, with typical drive times ranging from 35 to 50 minutes depending on traffic.
The area features access to Lake Erie waterfront parks, the Black River Reservation for hiking and trails, and several local golf courses within a short drive.
The rental market is characterized by steady demand from a mix of long-term residents and workforce tenants, with vacancy rates remaining relatively low due to limited new multi-family supply.
The economy is anchored by manufacturing, healthcare, and logistics, with major employers including Mercy Health and various industrial firms located in the Lorain-Elyria corridor.
The area is served by a network of state routes and highways, with limited public transit options primarily provided by Lorain County Transit.
Development is focused on urban infill and the rehabilitation of historic residential and commercial properties within the city limits.
The Lorain County Auditor's office conducts triennial updates and sexennial reappraisals to determine property values for tax purposes.
Parcels are subject to Lorain City School District levies and various county-wide special districts for health and social services.
Property insurance premiums are stable but reflect regional exposure to severe weather events common in Northern Ohio.
Data retrieved from data.census.gov ZCTA 44053 profile.
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.
Extensive trail system and nature preserve along the river.
Public beach and rose garden on the shores of Lake Erie.
Historic venue hosting concerts and community events.
Key-figure check: median price diverges 18.8% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: confirmed genuine market swing — the flagged $253,800 was independently re-read and corroborated by 2 source(s); it stands as the new anchor baseline.