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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Avon Lake, OH Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Avon Lake, OH Housing Market Trends

With a population of 25,617, 10,424 total housing units (homes and apartments), and a median house value of $350,891, Avon Lake real estate is some of the most expensive in Ohio, although Avon Lake home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Avon Lake, accounting for 75.07% of the city's housing units. Other types of housing that are prevalent in Avon Lake include large apartment complexes or high rise apartments ( 13.74%), row houses and other attached homes ( 8.58%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.61%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Avon Lake. Owner-occupied housing accounts for 82.06% of Avon Lake's homes, and 66.70% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Avon Lake built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Avon Lake built between 2000 and later ( 32.71%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.08%). There's also some housing in Avon Lake built before 1939 ( 6.98%).

Avon Lake Home Appreciation Rates

Appreciation rates for homes in Avon Lake have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 82.61%, which ranks in the top 50% nationwide. This equates to an annual average Avon Lake house appreciation rate of 6.21%.

NeighborhoodScout's data show that during the latest twelve months, Avon Lake's appreciation rate, at 5.03%, has been at or slightly above the national average. In the latest quarter, Avon Lake's appreciation rate has been -0.78%, which annualizes to a rate of -3.07%.

Notably, Avon Lake's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Ohio, our data show that Avon Lake's latest annual appreciation rate is lower than 90% of the other cities and towns in Ohio.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Avon Lake differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Avon Lake - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Avon Lake real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$350,891

Avon Lake, OH Home Prices
> $1,258,000
$944,001 - $1,258,000
$629,001 - $944,000
$503,001 - $629,000
$377,001 - $503,000
$252,001 - $377,000
$126,001 - $252,000
$63,001 - $126,000
$0 - $63,000
1.6%
1.6%
2.5%
2.5%
11.9%
11.9%
15.0%
15.0%
20.3%
20.3%
23.9%
23.9%
18.1%
18.1%
4.7%
4.7%
2.2%
2.2%
0% 100.0%
% of Homes
Very High

for Ohio

High

for nation

Number of Homes And Apartments:

10,424

Avon Lake Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,939 / per month

Homeownership Rate

Owners
Renters
82.1%
82.1%
17.9%
17.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.8%
3.8%
96.2%
96.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
32.7%
32.7%
37.2%
37.2%
23.1%
23.1%
7.0%
7.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
75.1%
75.1%
8.6%
8.6%
2.6%
2.6%
13.7%
13.7%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
5.7%
5.7%
21.7%
21.7%
36.5%
36.5%
30.2%
30.2%
5.8%
5.8%
0% 100.0%
% of Homes