dynamic.RE
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A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.
What would change this read: the median listing price is −13.5% YoY. inventory, −5.2% YoY, is the number to watch.
The median listing price is down 13.5% YoY while the median home got down 9.8% bigger, so value per square foot is down 1.5%.
U.S. Census ACS characteristics for ZIP 44053 itself, not its parent county.
Renters hold 33.4% of this ZIP's 8,900 occupied households, on a median household income of $67K.
| Measure | ZIP 44053 | Lorain County | Difference |
|---|---|---|---|
| Median Household Income | $67K | $73K | -$6K |
| Below Poverty Level | 16.5% | 12.1% | +4.4% |
| Median Age | 43.20 | 42.10 | +1.10 |
| Total Population | 21,084 | 317,129 | -- |
| Avg Household Size | 2.33 | 2.42 | -0.09 |
| Owner-Occupied | 66.6% | 74.0% | -7.4% |
| Worked From Home | 9.1% | 11.7% | -2.6% |
| Mean Commute | 25.00 | 25.40 | -0.40 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.8% to 317,129: residents under 18 are down 0.1% and those 65 and over are up 3.1%.
County median household income is $73K, 12.1% of residents are below the poverty level, 11.7% work from home.