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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Elyria, OH Housing Affordability Index

Elyria, Ohio has an MBR Housing Affordability Index score of 115.7 (More Affordable Than Average) as of October 30, 2026, ranking 757th most affordable of 981 scored Ohio cities, compared with 112.1 statewide and 97.4 nationally. On a median-priced $156,100 home with 20% down, the Ohio average 30-year fixed rate of 7.29% means a monthly principal and interest payment of about $855, or 19% of the city’s $54,945 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Elyria is updated every night from live Ohio mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Elyria MBR-HAI 115.7 More Affordable Than Average
Rank in Ohio 757 of 981 1 = most affordable
Ohio 112.1 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.29% Ohio lenders
Median home value $156,100 U.S. Census Bureau

Elyria is 3.6 points above the Ohio score. Scores as of October 30, 2026. See the Ohio index

View Elyria Mortgage Rates

What It Takes to Buy in Elyria

$855/mo
Principal & Interest
Median home, 20% down, 7.29%
$36,600
Income Needed
To keep the payment at 28% of income
$54,945
Median Household Income
Ohio: $71,389
2.8x
Price-to-Income Ratio
Ohio: 3.0x
$989/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,251/yr
Median Property Tax
1.44% of median value
21.9%
Owner Cost Burden
Owners spending 30%+ of income on housing
42.5%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Elyria, Ohio. The rate is the Ohio average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Elyria Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Elyria, Ohio score: 115.7 (More Affordable Than Average), ranked 757 of 981 Ohio cities. monitorbankrates.com/housing-affordability-index/ohio/elyria”