Home Insurance in Lorain, Ohio
The median home value in Lorain is $139,200, 38% lower than the Lorain County median.
The typical home in Lorain was built around 1961. About 49% of homes were built before 1960, about 15 points above Lorain County's 33%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
Housing in Lorain breaks down to 76% single-family homes, 16% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
In Lorain, about 57% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Lorain has an owner-occupancy rate of 57% and a vacancy rate of 10%; unoccupied homes typically need a different coverage form.
77% of homes in Lorain are primarily heated with natural gas.
FEMA rates Lorain County's overall risk as Relatively Moderate, led by strong wind (Relatively High). Lorain County had 755 active NFIP flood policies as of September 2026. See the full Lorain County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Ohio, the statewide average premium for a standard HO-3 homeowners policy is $1,116 per year (NAIC, 2023 data).
Key figures
| Median home value | $139,200 |
|---|---|
| Median year built | 1961 |
| Owner-occupied share | 57% |
| Share of owner-occupied homes with a mortgage | 57% |
| Top county hazard | Strong Wind (Relatively High) |
| Active NFIP policies in Lorain County | 755 |
| Home insurance premium | $1,116 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- 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)