Median real estate price in the City Center of Painesville is $83,145, which is less expensive than 80.1% of Ohio neighborhoods and 89.5% of all U.S. neighborhoods.
The average rental price in Painesville City Center is currently $764, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 65.3% of Ohio neighborhoods.
Painesville City Center is an urban neighborhood (based on population density) located in Painesville, Ohio.
Real estate in the City Center of Painesville, OH is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the City Center 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 Painesville City Center. The current real estate vacancy rate here is 18.0%. This is higher than the rate of vacancies in 81.5% 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.