Lorain Ave / W 48th St median real estate price is $80,310, which is less expensive than 81.9% of Ohio neighborhoods and 90.6% of all U.S. neighborhoods.
The average rental price in Lorain Ave / W 48th St is currently $716, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 77.8% of Ohio neighborhoods.
Lorain Ave / W 48th St is an urban neighborhood (based on population density) located in Cleveland, Ohio.
Lorain Ave / W 48th St real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Lorain Ave / W 48th St neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Lorain Ave / W 48th St. The current real estate vacancy rate here is 20.0%. This is higher than the rate of vacancies in 85.0% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.