Explore US City Elyria, OH - Real Estate Market Insights, Demographics, Crime, Trends & Hotspots
Elyria, OH real estate snapshot: Pulse Score pending, cap rate –%, median price $188,000. Below: live market insights, demographics, crime overview, investment hotspots, and nearby areas.
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Cap Rate
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Investor Friendly Score
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Median Price
$188,000
Market Insights
With only 2.7 months of inventory, Elyria remains a seller's market. Home prices have decreased 26.2% in the past month. With 8 active listings, inventory is 60% higher than seasonal norms. Properties are selling within just 16 days on average, much faster than the historical norm of 65 days. A significant 37.5% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Elyria market with the affordability index at 23.8. Based on current market indicators, home prices in Elyria are projected to increase by approximately 14.6% over the next month.
Demographics market for - Elyria, OH
Total Population -
53,228
White Race
78%
African American Race
15%
Crime for City - Elyria, OH
Real Estate Market Prediction for - Elyria, OH
City Hotspots Map
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Nearby Cities From Elyria, OH
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FAQ about Elyria, OH
The Pulse Score combines property value appreciation, rental income potential, market liquidity, demographic trends, and crime/safety signals into a single 0–100 grade. Higher scores indicate stronger investor fundamentals.
Investment quality depends on your goals. Use the cap rate, investor-friendly score, demographic insights, and crime data on this page to evaluate Elyria, OH for buy-and-hold, fix-and-flip, or short-term rental strategies.
Our analysis combines public datasets (US Census Bureau, FBI Uniform Crime Reporting, HUD, BLS) with proprietary short-term rental performance and active MLS feeds, refreshed on a regular cadence.
Use the “Related analysis” section on this page to jump to the dedicated crime report, school ratings, and state-level short-term rental market analysis for Elyria, OH.
Data sources & further reading
PulseReal’s analysis is built on top of these public, authoritative datasets.
Official UCR crime statistics by state and agency from the FBI.
Population, demographics, housing, and income data from the US Census Bureau.
Encyclopedic overview of the city, history, and notable landmarks.
Housing affordability, fair-market rents, and market reports from HUD.
Local unemployment and employment data from the Bureau of Labor Statistics.
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Does a rental pencil out in Elyria, OH?
A median-priced home ($188,000) at the average rent ($740/mo), with 25% down at 7.25%, after property tax, insurance, vacancy, repairs, reserves and management.
-$786/mo
Cash flow on a median home
-17.9%
Cash-on-cash return
0.18
DSCR
$2,137/mo
Rent needed for a 1.25 DSCR
$1,601/yr
Landlord insurance, hazard-adjusted