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There are 26,407 housing units in Lorain. An estimated 61% of living spaces in the city are occupied by their owners, not by renters.
In Lorain, 65% of non-rental housing carries a mortgage. In the city 18% of the housing has a mortgage beyond the initial new home purchase mortgage, such as a home equity loan or second mortgage.
Mortgage and interest rate quotes for the Lorain area (or anywhere else you choose in the US) are available, without obligation or credit checks:
| Category | Value |
|---|---|
| Homes With No Mortgage | 35% |
| With A Mortgage | 65% |
| First Mortgage Only | 47% |
| Second Mortgage or Home Equity Loan | 18% |
| Second Mortgage Only | 9% |
| Home Equity Loan Only | 9% |
| Category | Value |
|---|---|
| Owner Costs as % of Income | 17.6% |
| Median Real Estate Taxes (2000) | $938 |
| Category | Value |
|---|---|
| Total Occupied | 26,407 |
| 1-Person Households | 27% |
| 2-Person Households | 31% |
| 3-Person Households | 18% |
| 4-Person Households | 13% |
| 5-Person Households | 6% |
| 6-Person Households | 3% |
| 7+-Person Households | 2% |
| Category | Value |
|---|---|
| Median Year Built | 1958 |
| Median Year Built (Owner Occupied) | 1955 |
| Median Year Built (Renter Occupied) | 1964 |
| Category | Value |
|---|---|
| Using Utility Co. Gas Heat | 93% |
| Using Bottled/Tank Gas Heat | 1% |
| Using Electric Heat | 6% |
| Using Oil Heat | 0% |
| Using Coal | 0% |
| Using Wood Heating | 0% |
| Using Solar Heat | 0% |
| Other Heating | 0% |
| No Heating | 0% |
| Category | Value |
|---|---|
| No Bedrooms | 0% |
| 1 Bedroom | 2% |
| 2 Bedrooms | 15% |
| 3 Bedrooms | 64% |
| 4 Bedrooms | 16% |
| 5+ Bedrooms | 3% |
Rate quotes from multiple lenders for the Lorain area:
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Moving Traffic, Inc., operator of CityTownInfo.com, is not a broker or a lender, and all offers for loans or mortgages found on this site are made solely by the advertiser.
