Lake County, Ohio Housing Market
In Lake County, Ohio, the median home value is $214,100, with a median monthly rent of $1,113. This places Lake County at #1257 nationally out of 3134 counties by median home value, and #24 within Ohio.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,183
- Establishments: 6,585
- BLS QCEW, 2025
Housing Supply
- Single-family: 409
- Multi-family: 17
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 108,758 (avg $80,429)
- Outflow: 105,984 (avg $80,610)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 4 active ZIP codes in Lake County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 44077 | 173.8 | +5.18% | 2025 |
| 2 | 44092 | 167.1 | +4.44% | 2025 |
| 3 | 44095 | 166.7 | +4.25% | 2025 |
| 4 | 44081 | 177.1 | +3.02% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
💰 Ready to Finance a Purchase?
See the 2026 FHA and conforming loan limits for Lake County, plus monthly payment estimates at today's mortgage rates.
View Mortgage Guide for Lake County →How Lake County Compares
| Metric | Lake County | Ohio Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $214,100 | $196,325 | $227,706 |
| Median Gross Rent | $1,113 | $904 | $968 |
| Owner Occupancy Rate | 75.8% | 73.7% | 73.3% |
| Price/Rent Ratio | 16.0 | 17.9 | 18.7 |
Market Analysis
The median home value in Lake County is 9.1% above the Ohio state average and 6.0% below the U.S. national average. The median rent of $1,113/month is 23.1% above the state average.
With a price-to-rent ratio of 16.0, the buy-vs-rent decision in Lake County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Lake County has an owner-occupancy rate of 75.8%, compared to 73.7% in Ohio and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Penobscot County | Maine | $214,100 | $1,041 |
| Lubbock County | Texas | $214,100 | $1,178 |
| Washington County | Virginia | $214,000 | $854 |
| Linn County | Iowa | $214,300 | $945 |
| Person County | North Carolina | $213,900 | $864 |
Other Counties in Ohio
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Clinton County | $211,900 | $910 | 71.8% |
| Mercer County | $210,600 | $804 | 79.6% |
| Summit County | $208,700 | $1,026 | 67.5% |
| Ottawa County | $219,900 | $930 | 83.6% |
| Shelby County | $208,100 | $922 | 73.7% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).