Is Elyria, OH a good place to invest in rental property?

Elyria, OH has a median modeled monthly cash flow of $-397 and a median cap rate of 4.1%, on a median sold price of $205,000. Prices changed +3.4% year over year.

What is the average cap rate in Elyria, OH?

The median cap rate across recently sold homes in Elyria, OH is 4.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Elyria, OH?

The median sold price in Elyria, OH is $205,000 (about $150 per square foot).

Investing in Elyria, OH Real Estate

A data-driven snapshot of the Elyria, OH rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$205,000Median sold price

$150Median $/sqft

4.1%Median cap rate

$-397Modeled cash flow / mo

+3.4%Appreciation YoY

12.0Months of supply

730Active listings

728Sold (last 12 mo)

What the Elyria numbers say

In Elyria, OH, the median home sold for $205,000 (about $150 per square foot), and the typical deal models out to a 4.1% cap rate with a median $-397 of monthly cash flow. Sold prices moved +3.4% over the past year. Inventory sits at about 12.0 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Ohio markets to compare

See Elyria cash-flowing listings

CashFlowRE ranks every for-sale home in Elyria, OH by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Elyria deals, or browse the national market data.