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Painesville, OH

Full City Profile · Ohio · Lake County County

3.0 /5.0
B Good
20,453 Population 2,995/sq mi density
$50,455 Median Income $26,924 per capita
$151,400 Home Value $219,288 Zillow
$957 Median Rent 31.3% income on rent
53°F Avg Temperature 275 sunny days/yr
250 Violent Crime/100K 1,848 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.1 / 5.0
$50,455 median income, 3.8% unemployment
A+
Affordability
5.0 / 5.0
$151,400 home value, $957/mo rent
F
Safety
1.0 / 5.0
250 violent crimes/100K
C+
Education
2.7 / 5.0
21.3% bachelor's degree or higher

Housing Overview

Median Home Value
$151,400
46% below
US avg: $281,900
Median Rent
$957/mo
18% below
US avg: $1,163/mo
Homeownership Rate
48.6%
26% below US avg (65.4%)
Total Housing Units
8,324
Median year built: 1969

Home Value by Source

Census Median
$151,400
Zillow (ZHVI)
$219,288
Median Sale Price
$181,500
Median List Price
$218,950
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

48.6%
Owner-Occupied
51.4%
Renter-Occupied
49%
51%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$816/mo
1 Bedroom
$873/mo
2 Bedroom
$1,092/mo
3 Bedroom
$1,388/mo
4 Bedroom
$1,550/mo
Census median rent: $957/mo · Zillow rent: $1,250/mo

Market Indicators (Redfin)

Median Days on Market
35 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
8
Price Drops
27.3%
of listings with price reduction
Price Per Sq Ft
$113
Active Inventory
22
homes for sale

Affordability & Housing Stock

Rent Burden
31.3%
of renters spending 30%+ of income on housing
1% above US avg (31.0%)
Median Year Built
1969
Average age of housing stock: 57 years
Homeownership Rate
48.6%

Complete Housing Data

Home Values

Census Median Value$151,400
Zillow Home Value (ZHVI)$219,288
Median Sale Price$181,500
Median List Price$218,950
Price Per Sq Ft$113

Rent

Census Median Rent$957
Zillow Rent (ZORI)$1,250
FMR Studio$816
FMR 1-Bedroom$873
FMR 2-Bedroom$1,092
FMR 3-Bedroom$1,388
FMR 4-Bedroom$1,550

Market

Days on Market35
Sale-to-List Ratio1.0%
Price Drops27.3%
Homes Sold8
Active Inventory22
Price Per Sq Ft$113

Ownership & Stock

Owner-Occupied48.6%
Renter-Occupied51.4%
Homeownership Rate48.6%
Total Housing Units8,324
Median Year Built1969
Rent Burden31.3%