Home Values Rise in Painesville, Lake County

PAINESVILLE, Ohio – Home values in the 44077 zip code are on the rise. According to Zillow, a leading real estate website, the median home value in 44077 is $142,000, a 3.9 percent increase compared to last year. Zillow predicts another 4.1 percent increase in the area within the next year. As the county seat, Painesville often reflects the average in trends for Lake County.


“We are definitely seeing a noticeable upswing in the housing market both in properties for sale and new builds in the city,” said Doug Lewis, assistant city manager and community development director, Painesville. “Based on my own experience, I have seen home values in Painesville increase higher than the [Zillow] average, especially in the last five months. Foreclosures are also down.”


The 44077 zip code encompasses homes in the Painesville area including Painesville, Painesville Township, Concord, Leroy Township, Fairport Harbor and Grand River.


Other Lake County zip codes saw increases in home values including 44060 (Mentor area) at 3.7 percent, 44094 (Willoughby area) at 6 percent and 44057 (Madison area) at 6.8 percent. Both 44081 (Perry) and 44095 (Eastlake) saw slight decreases at -0.5 percent in home values but increases are projected for 2019. 44092 (Wickliffe) saw a -1.6 percent decrease.


*Infographs and data from Zillow.com