The typical owner-occupied home in Elyria is worth about $138,900, 42% below the Nebraska median of $238,600 and 58% below the national median of $332,700. Owners pay a median $2,300 a year in property taxes, about 1.66% of their home's value, higher than the Nebraska rate of 1.49%. The median household earns $62,083 a year, so the median home costs 2.2 times the median income (3.1 times for Nebraska). 81% of occupied homes here are lived in by their owners, and 50% of those owners still have a mortgage.
Elyria at a glance
| Elyria | Nebraska | U.S. | |
|---|---|---|---|
| Median home value | $138,900 | $238,600 | $332,700 |
| Median property tax paid per year | $2,300 | $3,549 | $3,119 |
| Property tax as a share of value | 1.66% | 1.49% | 0.94% |
| Median household income | $62,083 | $76,475 | $80,734 |
| Homes lived in by their owners | 81% | 67% | 65% |
| Owner homes with a mortgage | 50% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,097 | $1,736 | $1,963 |
| Those costs as a share of the owners' income | 16.9% | 19.5% | 21.0% |
| Median rent | – | $1,072 | $1,413 |
| Median year homes were built | 1965 | 1975 | 1980 |
| Vacant homes | 28.9% | 7.6% | 10.1% |
| Population | 43 | 1,978,707 | 334,922,499 |
What a typical home costs per month in Elyria
At this week's average 30-year rate of 7.11%, buying the median Elyria home of $138,900 with 20% down costs about $998 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,229, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $42,751 for the 20%-down payment. That payment is 19% of the median Elyria household income of $62,083; at that income and 20% down, the 28% guideline points to a home of about $202,000.
| Down payment | $27,780 |
|---|---|
| Loan amount | $111,120 |
| Principal and interest | $748 |
| Property taxes (1.66% a year) | $192 |
| Homeowners insurance (our estimate, 0.5% a year) | $58 |
| PMI | $0 |
| Total per month | $998 |
Change the numbers in the calculator
| Down payment | $4,862 |
|---|---|
| Loan amount | $136,384 |
| Principal and interest | $917 |
| Property taxes (1.66% a year) | $192 |
| Homeowners insurance (our estimate, 0.5% a year) | $58 |
| FHA mortgage insurance | $61 |
| Total per month | $1,229 |
Change the numbers in the calculator
Questions about home buying in Elyria
What is the median home value in Elyria?
About $138,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Elyria?
Homeowners pay a median $2,300 a year, which is about 1.66% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Elyria?
For the median home with 20% down at 7.11%, the payment is about $998 a month. Keeping that under 28% of gross income takes about $42,751 a year.
More about Elyria
- Mortgage Refinance in Elyria
- Debt Relief in Elyria
- Home Equity Loans in Elyria
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data