Is Lorain expensive?

Lorain, PA

State	Pennsylvania
Population	631
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Lorain, PA

State

Population

631

Census profile

Compared to other places in this area, Lorain is substantially less expensive, and it's substantially less expensive compared to the entire nation. Compared to the city of Pittsburgh, it's a lot less expensive.

Home prices

The median home price in Lorain is $46,100. In comparison to its surrounding areas this is about $39,280 (46%) lower.It is approximately $171,400 (78%) lower compared to the United States as a whole, and in comparison to the city of Pittsburgh is about $78,900 (63%) lower.

United States

Belmont

Pittsburgh

Geistown

Daisytown

Ferndale

Lorain

Dale

Comparison of median Lorain home price to nearby areas

Distribution of home prices for Lorain and nearby areas

Rents

In Lorain the median monthly rent is $680. In comparison to the surrounding areas this is about $78 (12%) higher.It is roughly $382 (35%) lower compared to the United States as a whole, and compared to the city of Pittsburgh it is approximately $278 (29%) lower.

United States

Pittsburgh

Geistown

Lorain

Ferndale

Belmont

Daisytown

Dale

Comparison of median Lorain rent to nearby areas

Distribution of rents for Lorain and nearby areas

Nearby places

Belmont

Belmont is Lorain's neighbor to the south. The real estate prices there are a lot more expensive. The median home value in Belmont is $125,500, which comes out to $79,400 (63%) higher than Lorain. Rent there is somewhat less expensive. The median monthly rent in Belmont is $647, which is $33 (5%) lower than Lorain.

Geistown

Geistown is about 1 mile east from Lorain. Its housing prices are a lot more expensive. The median home price in Geistown is $122,800, which works out to $76,700 (62%) higher than Lorain. The rent there is fairly similar. In Geistown the median monthly rent is $688, which comes out to $8 (1%) higher than Lorain.

Ferndale

Ferndale is approximately 1 mile southwest of Lorain. The housing prices there are a bit more expensive. The median home in Ferndale costs $66,200, which comes out to $20,100 (30%) higher than Lorain. Rents there are similar. In Ferndale the median rent is $652 a month, which is $28 (4%) lower than Lorain.

Dale

Dale is about 1 mile north of Lorain. The housing prices there are significantly less expensive. The median home in Dale is valued at $31,900, which is $14,200 (44%) lower than Lorain. Its rents are significantly less expensive. Dale's median rent is $448 a month, which works out to $232 (51%) lower than Lorain.

Daisytown

Daisytown is approximately 1 mile north from Lorain. Real estate prices there are substantially more expensive. The median home in Daisytown is valued at $80,500, which is $34,400 (42%) higher than Lorain. Rent there is somewhat less expensive. In Daisytown the median rent is $575 per month, which is $105 (18%) lower than Lorain.