Painesville, OH housing market
Homes typically sell in 26 days, a little above asking.
Home values, sales, trends and how Painesville compares with the towns next door — updated as new data is published.
Painesville at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Home prices up 50% in 5 years
The federal house price index for the ZIP code around Painesville rose 50% over the past 5 years, slower than across Ohio (53%). Last year prices rose 5.2%. Carrying the Census median home value forward with that index puts the typical Painesville home at roughly $255,000 today.
Show as a table
| Year | Change that year | Since 2000 | Ohio since 2000 |
|---|---|---|---|
| 2025 | +5.2% | +74% | +106% |
| 2024 | +8.9% | +65% | +97% |
| 2023 | +11% | +52% | +84% |
| 2022 | +6.7% | +37% | +70% |
| 2021 | +11% | +29% | +50% |
| 2020 | +2.6% | +16% | +35% |
| 2019 | +4.3% | +13% | +29% |
| 2018 | +5.6% | +8.4% | +23% |
| 2017 | +2.7% | +2.6% | +16% |
| 2016 | +2.4% | 0% | +11% |
| 2015 | +2.4% | −2.4% | +6.7% |
| 2014 | +1.7% | −4.6% | +3.1% |
| 2013 | +1.5% | −6.2% | −0.2% |
| 2012 | −3.5% | −7.6% | −0.4% |
| 2011 | −1.9% | −4.2% | +1.3% |
| 2010 | −7.9% | −2.4% | +5.1% |
| 2009 | −2.5% | +6% | +8.9% |
| 2008 | −6.6% | +8.7% | +12% |
| 2007 | −0.9% | +16% | +15% |
| 2006 | +1.4% | +17% | +17% |
| 2005 | +2.6% | +16% | +16% |
| 2004 | +3.2% | +13% | +12% |
| 2003 | +1.8% | +9.4% | +8.5% |
| 2002 | +3.5% | +7.5% | +6.7% |
| 2001 | +3.9% | +3.9% | +4.3% |
| 2000 | — | — | — |
How Painesville ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 44077, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
No new homes permitted in 2022
No permits for new homes were issued in Painesville in 2022. The last year with any was 2021 (65 new homes).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Painesville gained 749 residents while 470 new homes were permitted: about 1.6 new residents per new home. Building and growth moved roughly in step. Across Ohio: 1.3 new residents per new home.
How Painesville ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2022 | 0 | 0 | 0 | — |
| 2021 | 65 | 42 | 23 | $7.7 million |
| 2020 | 186 | 67 | 119 | $14.5 million |
| 2019 | 22 | 22 | 0 | $2.9 million |
| 2018 | 46 | 46 | 0 | $6.3 million |
| 2017 | 56 | 56 | 0 | $9.8 million |
| 2016 | 22 | 22 | 0 | $3.7 million |
| 2015 | 39 | 39 | 0 | $6.7 million |
| 2014 | 17 | 17 | 0 | $2.9 million |
| 2013 | 20 | 20 | 0 | $3.4 million |
| 2012 | 175 | 28 | 147 | $13.6 million |
| 2011 | 24 | 24 | 0 | $3.5 million |
| 2010 | 49 | 49 | 0 | $6.9 million |
| 2009 | 44 | 44 | 0 | $6.1 million |
| 2008 | 165 | 66 | 99 | $13.4 million |
| 2007 | 195 | 95 | 100 | $19.3 million |
| 2006 | 138 | 124 | 14 | $17.3 million |
| 2005 | 129 | 111 | 18 | $16.2 million |
| 2004 | 170 | 145 | 25 | $18.9 million |
| 2003 | 50 | 37 | 13 | $5.3 million |
| 2002 | 23 | 20 | 3 | $2 million |
| 2001 | 65 | 12 | 53 | $4.7 million |
| 2000 | 19 | 11 | 8 | $1.6 million |
Painesville's permit office didn't report to the Census in 2022, so the 2022 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Painesville and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Painesville | — | +5.2%† | $1,230 | — | $51,516 |
| Painesville | $231K | +3.2% | $1,220 | — | $82,045 |
| Fairport Harbor | $194K | +4.4% | $1,230 | — | $52,308 |
| Concord | $402K | +3.7% | $1,260 | — | $121,527 |
| Mentor | $278K | +3.6% | $1,440 | 61 | $88,949 |
† FHFA price index change, where Zillow has no home value for the town.
3.1 years of income
The typical Painesville home costs about 3.1 years of the town's median household income, less than across Ohio (3.5 years).
How Painesville ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,230
HUD's Fair Market Rent for a two-bedroom in Painesville is $1,230 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Painesville pay a median of $1,036, so moving in tends to cost more than staying put. A two-bedroom takes about 29% of the town's median household income.
Studio $900 · 4 bedrooms $1,690
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (44077; Cleveland, OH HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.