Lorain, OH Real Estate Market
Median sale price
Lorain is a city in northeastern Ohio, situated along Lake Erie in Lorain County. The village was settled by European Americans in the early 19th century and known by various names, but was incorporated as “Lorain” in 1874. Given its proximity to Cleveland, Lorain is a great place to live and commute to and from work. The Black River flows from Lake Erie through part of Lorain, adding natural beauty to the area and to Cromwell Park, located in Lorain.
The automotive industry was once significant in Lorain, with Ford Motor Company having built several of its models in the area. The steel industry has taken over now, with U.S. Steel Corporation employing a large portion of the area’s residents while providing steady economic growth, and Republic Steel also having a presence in the area. Because of this, the area is home to people of a variety of cultures and backgrounds.
Downtown Lorain boasts several historic buildings, including a theater that has been in operation for decades. Local garage sales, farmers’ markets and festivals bring the community together year round, making Lorain a great place to call home. Looking for homes for sale in Lorain? Our Lorain real estate office is knowledgeable about the area and ready to help.