Home prices
The median home cost in Painesville is $103,300. It is about $37,740 (26%) lower compared to the surrounding areas.Compared to the entire country it is about $114,200 (52%) lower, and compared to the city of Cleveland is about $33,700 (48%) higher.
Rents
The median monthly rent in Painesville is $780. This is approximately $79 (9%) lower compared to other places in this area.It is about $282 (26%) lower compared to the rest of the nation, and compared to the city of Cleveland it is about $61 (8%) higher.
Nearby places
Fairport Harbor
Fairport Harbor is Painesville's neighbor to the northwest. Its housing prices are similar. The value of the median home in Fairport Harbor is $104,500, which works out to $1,200 (1%) higher than Painesville. The rent there is similar. In Fairport Harbor the median rent is $779 a month, which is very similar to Painesville.
Mentor
Mentor is Painesville's neighbor to the southwest. The real estate prices there are substantially more expensive. The median home in Mentor costs $172,400, which is $69,100 (40%) higher than Painesville. The rent there is somewhat more expensive. In Mentor the median rent is $958 per month, which is $178 (18%) higher than Painesville.
Grand River
Grand River is roughly 1 mile northwest of Painesville. Its housing prices are somewhat more expensive. The median home in Grand River is valued at $122,600, which is $19,300 (15%) higher than Painesville. The rent there is somewhat more expensive. Grand River's median rent is $950 per month, which works out to $170 (17%) higher than Painesville.
Mentor-on-the-Lake
Mentor-on-the-Lake is approximately 4 miles west from Painesville. Housing prices there are somewhat more expensive. The cost of the median home in Mentor-on-the-Lake is $133,200, which works out to $29,900 (22%) higher than Painesville. Rent there is a bit more expensive. In Mentor-on-the-Lake the median monthly rent is $902, which works out to $122 (13%) higher than Painesville.
Perry
Perry is roughly 5 miles northeast of Painesville. The real estate prices there are significantly more expensive. The median home in Perry costs $172,500, which works out to $69,200 (40%) higher than Painesville. Its rents are a bit less expensive. In Perry the median monthly rent is $706, which works out to $74 (10%) lower than Painesville.
