Real Estate Market Update for 44035 (Elyria, OH)
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 13% from one year earlier, and did not change from the previous month. These latest figures mean that buyers had a more limited selection of homes to choose from compared to the same month the previous year. As you can see, the median listing price for the month was just under 90-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 56%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 80-thousand dollars. The number of units sold decreased 12% year-over-year, and decreased 18% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 44035 (Elyria, OH)
Area Information for 44035 (Elyria, OH)
  • Population: 64,375
  • Median Age: 38.85 yr
  • Median Commute Time: 17.28 mins
  • Educational Climate*: 3
  • Sales Tax: 6.25%
  • Population Density: 1,348/sq mi
  • Population Change Since 2000: -1.87%
  • Closest Airport: Cleveland-hopkins International
  • Closest College: Lorain County Community College
  • Closest Jr. College: Ohio Business College-sheffield Village
  • Median Household Income: $43,761
  • Annual Residential Turnover: 17.23%
  • Median Years in Residence: 3.95 yr
  • Median Home Sales Price: $60,352
  • Closest Major Sports Team: Browns
  • Change Avg. Household Income Since 2000: 10%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 44035 (Elyria, OH)
Median Age: 38.85 Married: 33% Number of Households: 26,686 Households with Children: 8,229
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 44035 (Elyria, OH)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Elyria Christian Academy Elementary School 0.9 mi Private 1-8 0 0
      Franklin Elementary School 1.0 mi Public PRESCHOOL-5 1 3
      Elyria High School 1.3 mi Public 9-12 1 3
      Oakwood Elementary School 1.3 mi Public 1-5 1 5
      St Mary Elementary School 1.4 mi Catholic PRESCHOOL-8 0 4
      Open Door Christian Schools Hi 1.8 mi Private K-12 0 0
      Open Door Christian Schools 1.8 mi Private PRESCHOOL-4 0 5
      Mckinley Elementary School 1.8 mi Public K-5 2-5 4
      Eastern Heights Middle School 2.1 mi Public 6-8 2 5
      Prospect Elementary School 2.3 mi Public K-5 3-5 5
      Northwood Middle School 2.4 mi Public 6-8 2 4
      Westwood Junior High School 2.4 mi Public 6-8 2 5
      Elyria Catholic High School 2.4 mi Catholic 9-12 0 5
      Elyria Community Middle School 2.7 mi Public 4-8 0 0
      First Baptist Christian School High Scho 2.7 mi Private K-12 0 5
      Ely Elementary School 2.8 mi Public K-5 2-5 4
      Crestwood Elementary School 2.8 mi Public K-5 2 4
      St Jude Elementary School 2.8 mi Catholic PRESCHOOL-8 0 5
      Life Skills Center Of Elyria 3.1 mi Public 9-12 0 5
      Elyria Community Elem School 3.1 mi Public K-3 0 0
      Windsor Elementary School 3.6 mi Public K-5 2-5 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for 44035 (Elyria, OH)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.