Elyria, OH

Population: 53,956
Average annual home appreciation rate: 9.68%
Total of homes for sale in this market: 520
Median home price: $97,783
Median Rent: $582 per room
Home price range: 47.61% of homes are between $94,001 – $189,000
Median sales price: $85,000
Number of homes: 428
Median foreclosure sales price: $44,000
Foreclosure discount: 48%
Most common home type: 63.22% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 9.86%
Number of renters: 36.52%
Number of owner occupied: 63.48%
Number people living below poverty level: 18.21%
Unemployment rate: 5.90%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Elyria area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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