Affordability evidence
Elyria, OH home values, income, and owner costs
A borrower-focused reading of the latest ACS value, income, and owner-cost evidence for Elyria, OH.
Source: U.S. Census Bureau
Last updated . Article facts reviewed through this date. Time-sensitive figures show their own as-of dates.
In Elyria, OH, the 2024 ACS reports a median owner-occupied home value of $156,100, median household income of $54,945, and median selected monthly owner costs of $1,234 for owners with a mortgage. For the decision at hand, together, those three reference points can help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $1,234 measure combines recurring ownership expenses in place of real estate taxes alone. In practical terms, a useful affordability review starts with $156,100, $54,945, and $1,234, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.
Elyria, OH's $156,100 median home-value estimate is below the statewide $214,800 estimate, with a reported city-to-state gap of 27.3%.