Painesville

Situated in Lake County roughly 30 miles northeast of Cleveland, this city of about 20,453 residents currently has 37 active listings on the market. The median home price stands at $254,900, with buyers paying approximately $190 per square foot for homes that average 1,894 square feet. The owner-occupied rate of 48.6% reflects a market where renters make up a substantial portion of the population, which can create opportunities for investors alongside traditional buyers. The median household income of $50,455 shapes the local buying landscape, keeping demand anchored in attainable price ranges. Families with children would be served by Painesville City Local School District. The relatively modest listing inventory of 37 active homes suggests a limited selection for buyers at any given time, meaning well-priced properties may move without sitting long. Those tracking the broader Lake County market will find Painesville positioned as one of its more affordably accessible communities.

Market description generated from current MLS and U.S. Census data.