Market Overview
Home Prices in Elyria, OH
The median home value in Elyria, OH is $191,593 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.7% compared to a year ago and up 4.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Elyria are priced53% below average. Elyria is part of the Cleveland-Elyria, OH metro area.
Over the past five years, Elyria home values have risen by approximately32.4%, reflecting strong long-term appreciation in this market.
Price History
Elyria Home Price Trend
City Comparison
Elyria vs. National Median
At $191,593, homes in Elyria cost 53% below the national median of $410,000. This makes Elyria a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Elyria?
20% Down Payment
$38,319
on $191,593
Monthly P&I
$999/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,269/mo
incl. taxes & insurance
Income Needed
$50,760
gross annual (30% rule)
10% Down Option
$19,159
+ PMI applies
Loan Amount (20% dn)
$153,274
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Elyria, OH?
The median home value in Elyria is $191,593 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.7% year-over-year.
How much have home prices changed in Elyria?
Over the past year, home values in Elyria have increased by 4.7%. Over five years, prices have risen approximately 32.4%.
How much do I need to earn to buy a home in Elyria?
To comfortably afford the median home price of $191,593 with a 20% down payment ($38,319) at today's rates (6.8%), you'd need a gross annual income of approximately $50,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Elyria compare to the national average home price?
The national median home value is approximately $410,000. At $191,593, homes in Elyria are 53% below the national average.
What metro area is Elyria part of?
Elyria is part of the Cleveland-Elyria, OH metropolitan area. Home prices and market conditions can vary across the broader metro region.