Home Insurance in Lorain County, Ohio
The median home value in Lorain County is $223,200, close to the Ohio median.
The typical home in Lorain County was built around 1973. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 33% of homes were built before 1960, about 4 points below Ohio's 38%.
In Lorain County, the housing stock is 83% single-family homes, 11% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
In Lorain County, about 62% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Lorain County has an owner-occupancy rate of 74% and a vacancy rate of 7%; unoccupied homes typically need a different coverage form.
In Lorain County, 77% of homes are primarily heated with natural gas.
The top hazards for Lorain County, per FEMA's National Risk Index, are strong wind (Relatively High), hail (Relatively Moderate) and tornado (Relatively High).
As of September 2026, Lorain County has 755 active NFIP flood insurance policies. Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Ohio carries a statewide average premium of $1,116 per year.
Key figures
| Median home value | $223,200 |
|---|---|
| Median year built | 1973 |
| Owner-occupied share | 74% |
| Share of owner-occupied homes with a mortgage | 62% |
| Top hazards (FEMA National Risk Index) | Strong Wind (Relatively High), Hail (Relatively Moderate), Tornado (Relatively High) |
| Active NFIP flood policies (county) | 755 |
| Home insurance premium | $1,116 - statewide average (NAIC, 2023 data) |
Towns and cities
- Amherst
- Avon
- Avon Lake
- Elyria
- Grafton
- Kipton
- LaGrange
- Lorain
- North Ridgeville
- Oberlin
- Rochester
- Sheffield
- Sheffield Lake
- South Amherst
- Vermilion
- Wellington
Sources
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)