44028 — Lorain County, Ohio Market Snapshot
Housing market data for zip code 44028 in Lorain County, Ohio. Updated monthly with median prices, days on market, and more.
Market Sales Data
34 sales in 2026 (year to date)
Median Sale Price
$464,000
Days to Sell
55
Homes Sold
34
Inventory
34
Sale-to-List
100.7%
New Listings
47
Price/SqFt
$205
Pending Sales
40
Conforming Loan Available
Most homebuyers in 44028 can comfortably use conventional financing. The median home price of $464,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
44028's market is balanced with homes taking an average of 55 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 44028 (100.7% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 44028 can comfortably use conventional financing. The median home price of $464,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 44028 are set at the county level.
2026 Loan Limits — Lorain County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 44028
To purchase the median home at $464,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,705.
Monthly Payment
$3,705
Income Required
$158,787
Principal & Interest
$2,859/mo
Down Payment (5%)
$23,200
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 44028.
Estimated Monthly Payment
$3,022
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