2557 E 40th St, Lorain, OH 44055
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Property image
OFF MARKET

2557 E 40th St
Lorain, OH 44055

  • 3 Beds
  • 1 Bath
  • 864 sqft

$115,100

Trulia Estimate
as of Aug 13, 2026
Est. Refi. Payment $794/mo*
Refinance Your Home

$115,100

Trulia Estimate
as of Aug 13, 2026
Est. Refi. Payment $794/mo*
Refinance Your Home
3 Beds
1 Bath
864 sqft

Home Value

Trulia Estimate
$115K
Since last month
Decreased$5K (-3.8%)
Since last year
Decreased$2K (-1.8%)
Since last sale
Increased$65K (+130%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +135% in the last 10 years
MonthEstimated value
2026
August 2026$115K
July 2026$115K
June 2026$120K
May 2026$120K
April 2026$117K
March 2026$116K
February 2026$110K
January 2026$108K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
2471 E 41st St, Lorain, OH
0.13
Single-Family Home
$65,000
01/14/26
3
1
936
2905 Riverview Ln, Lorain, OH
0.23
Single-Family Home
$60,000
12/05/25
3
1
1,111
3641 Tacoma Ave, Lorain, OH
0.19
Single-Family Home
$139,000
03/19/26
3
1
864
4061 Gregus Ave, Lorain, OH
0.38
Single-Family Home
$56,500
12/29/25
3
1
864
4223 Palm Ave, Lorain, OH
0.27
Single-Family Home
$108,000
03/31/26
3
1
960
4217 Camden Ave, Lorain, OH
0.24
Single-Family Home
$100,000
06/22/26
3
1
1,068
4216 Camden Ave, Lorain, OH
0.22
Single-Family Home
$135,000
11/26/25
3
1
1,136
3896 Meadow Ln, Lorain, OH
0.28
Single-Family Home
$150,000
02/13/26
3
1
992
3690 Gary Ave, Lorain, OH
0.38
Single-Family Home
$64,000
01/21/26
2
1
768
4205 Riverview Ln, Lorain, OH
0.37
Single-Family Home
$119,000
10/03/25
3
1
864

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
2531 E 39th St, Lorain, OH 44055
0.07
$160,900
3
1
864
Off Market
3860 Tacoma Ave, Lorain, OH 44055
0.07
$164,900
3
1
864
Off Market
2529 Homewood Dr, Lorain, OH 44055
0.05
$171,600
3
1
-
Off Market
2532 E 38th St, Lorain, OH 44055
0.09
$160,700
3
1
1,090
Off Market
2543 Homewood Dr, Lorain, OH 44055
0.06
$172,500
4
1
1,306
Off Market
4023 Tacoma Ave, Lorain, OH 44055
0.08
$161,300
3
1
1,136
Off Market
2499 E 39th St, Lorain, OH 44055
0.10
$138,600
3
1
864
Off Market
4047 Tacoma Ave, Lorain, OH 44055
0.09
$120,000
3
1
1,044
For Sale
2583 E 38th St, Lorain, OH 44055
0.12
$175,000
3
2
2,208
For Sale
2567 E 38th St, Lorain, OH 44055
0.12
$115,000
3
1
2,086
For Sale
2504 Homewood Dr, Lorain, OH 44055
0.09
-
3
1
976
Off Market
2507 E 41st St, Lorain, OH 44055
0.09
$154,600
3
1
-
Off Market

Local Information

  • Map ViewExplore the area around 2557 E 40th St.
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1950
Living Area
864 sqft
Price/Sqft
$133

About this House

One floor living, newer furnace and hot water tank, partially updated bath. New carpet throughout. Large fenced in back yard with storage shed. Home is in move in condition.
2557 E 40th St, Lorain, OH 44055 is a 3 bedroom, 1 bathroom, 864 sqft single-family home built in 1950. It last sold for $50,000 on Jun 28, 2018. It is currently off market. The Trulia Estimate is $115,100, with a rent estimate of $1,097/month.

Home Details for 2557 E 40th St

Interior Features

Heating & Cooling
Heating: Forced Air, GasHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1
Interior Details
Number of Rooms: 5
Appliances & Utilities
Refrigerator

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: VinylFoundation Type: Slab

Property Information

Year Built
Year Built: 1950Year Updated: 1950
Property Type / Style
Property Type: Single Family HomeArchitecture: ranch

Community

Units in Building: 1

Lot Information

Lot Area: 7405 sqft

Price and Tax history

DateEventPrice
Jun 28, 2018
Source: MLS Now #4005804
Sold
$50,000
Jun 8, 2018
Source: Agent Provided
Pending
$52,900
Jun 6, 2018
Source: Agent Provided
Listed For Sale
$52,900
Apr 16, 2004
Source: N/A
Sold
$60,300

Market trends in Lorain

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$163K
$8.42KMoM
Sale-to-List Price
100.0%
Price per sq ft
$116
$4MoM
Available listings
194
3MoM
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Around this home

What Locals Say about Lorain

At least 450 Trulia users voted on each feature.

  • 84 % Say car is needed

  • 83 % Say there are sidewalks

  • 82 % Say yards are well-kept

  • 82 % Say parking is easy

  • 72 % Say there's holiday spirit

  • 71 % Say it's dog friendly

  • 69 % Say kids play outside

  • 53 % Say neighbors are friendly

  • 50 % Say there's wildlife

  • 49 % Say streets are well-lit

  • 47 % Say it's quiet

  • 46 % Say it's walkable to grocery stores

  • 44 % Say they plan to stay for at least 5 years

  • 41 % Say people would walk alone at night

  • 31 % Say it's walkable to restaurants

  • 22 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Butterflysia
    "We have an awesome Halloween display and that in itself brings together at least 300 kids. That is not including the adults. We love to bring happiness to the people in our community and that is the best way we do it and the neighborhood loves it. We even have people that have been told and come from out of town to check it out."
    1
    Flag
  • Jeffrey O.
    "There are other families in this area and the beach is near and parks are everywhere for your children "
    17
    Flag
  • Lisa O.
    "Do not live in this neighborhood. Neighbors are nice but there are lots of drug deals and bad influences."
    2
    Flag
  • Lisa J.
    "Not a safe neighborhood. Lots of drug deals/use, crime, loud noises. People are rude. Kids are always running around. "
    1
    Flag
  • Stephane K.
    "The quietness. The fenced in backyards and how much space there is. Friendly neighborhood but they mind they’re business"
    8
    Flag
  • Jerri M.
    "No dog park need more open space don’t have any running areas for the pets to many streets and not enough land"
    5
    Flag
  • Aaron S.
    "Keep your car doors locked at all times things are getting better in Lorain the schools are not good "
    6
    Flag
  • Aja G.
    "it's close to a shopping plaza. The city has been working hard to bring life back into the downtown area ."
    0
    Flag
  • Stephane K.
    "Not familiar with this neighborhood. But it’s nice and quiet. I would like to live in a neighborhood like this"
    0
    Flag
  • Daniel M.
    "its unsafe he people are nuts and cars racing around everywhere. I live here because its cheap its not safe at all"
    15
    Flag
  • Rachel N.
    "That more than half the dog walkers don't clean up after their fur babies :/ Great view of Lake Erie and Lakeview Park is just down the street."
    5
    Flag
  • Villalba83
    " Schools needs to be better also sidewalls in a lot of houses needs to be fixed up Other than that the city is not that bad to live"
    8
    Flag
  • Laurabodak
    "The school system is terrible and there are shootings, gangs and drugs all throughout the city. There are hardly any good paying jobs in the city and they punish the people who do work with all their taxes!!!!"
    19
    Flag
  • Neraidariosfigueroa
    "Lorain is a cheap place to live.. Lorain Constellation Elementary School is great as well as the middle school. "
    2
    Flag
  • N.Figueroa
    "Lorain is a cheap place to live but not good if you have kids. We are leaving Lorain to get our kids in better schools. There is a lot of gang violence and young teens dying. Don’t want my kids to grow up around that. "
    6
    Flag
  • Rachel N.
    "your own vehicle is required. there is a lot of things to do also within walking distance. if needed needed Lyft and Uber are a feasible option"
    1
    Flag
  • TR
    "Every now and again there is a community fair near a church. There are VA and or church events/meals on occasion."
    0
    Flag
  • Snejadfard
    "My neighborhood people walk there dogs but we do not have sidewalks /but it’s a very nice place to walk and plenty of places to go , Everyone picks up after there self , well there dogs !"
    0
    Flag
  • Jortizquiles35
    "I’ve lived here for 3 yrs neighbors are always looking out for you and others friendly kid friendly dog friendly no noise peaceful live right next to black river landing summertime you can hear the music from backyard lake is near by clean parks no crime here just love it "
    0
    Flag
  • Izaiah H.
    "Lorain has absolutely no public transportation and traffic can be very heavy at times because people do not know how to drive here in this city. Most residents do not have a drivers license"
    7
    Flag
  • Jortizquiles35
    "Always watch your children always know who their with and the public schools are horrible here carter schools I don’t know much about"
    2
    Flag
  • Latoya F.
    "Some areas are nice and then there are other areas that aren’t. The school system is not the greatest either. "
    1
    Flag
  • Angie
    "I grew up in Lorain and it is the same as anywhere else, If your looking for good you'll find good. If your looking for trouble or other you'll find those things also. This is a good town to live in though."
    4
    Flag
  • Kaorilovett
    "the events at lccc are very nice. there are nice parks near by as well as fun activities for your kids."
    0
    Flag
  • Lee J.
    "In the daytime I feel safe, but in the night time you usual here gun shots in the westside area. I would say the Southside is usually safer."
    1
    Flag
  • Wendy D
    "I use to live her a while ago. And this area is still nice to have a family grow up in. The neighbors are nice and some of them are still there when i was growing up in that area."
    2
    Flag
  • Kaorilovett
    "there are plenty of dog owners and people always walk their dogs around here and there are a few parks near by as well. "
    0
    Flag
  • Denise C.
    "Quiet neighborhood No trouble Friendly neighbors Kids playing in the area and riding bikes Lake at the end of the road "
    0
    Flag
  • Philip And Amy Bobel
    "If you want to live in a community where your neighbors are more like family, and your children will have an endless supply of friends to play with, then Deerfield is the place. We've lived here for 5 years and love it. Everyone is kind and inviting. The only downside is the gun range, which is not moving any time soon. But honestly, after 5 years, we hardly notice the noise. But the nature and people surrounding us make up for it."
    0
    Flag
  • Ariana
    "Grew up on the West Side of Lorain, where most of my family still lives. Certain areas are better than others of course, but generally it is quiet and safe. Lorain has lots to offer like the boardwalk, the Palace theatre, and the International Fest in addition to being close to things like Cedar Point, Cleveland, and tons of shopping"
    0
    Flag
  • Rpoyle
    "I c people walking there dogs all the time an have helped people caught there dogs when they get loose "
    0
    Flag
  • Kristine K. I.
    "I live near downtown but no public transportation. no jobs in this town, so you have to drive to other locations. "
    1
    Flag
  • Sherrinine
    "relatively close to highway, there are communities within easy driving distance, that include stores and restaurants. close to the lake and black river landing"
    0
    Flag

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Explore by feature - Pet Friendly

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Homes for sale near 2557 E 40th St

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Off Market Homes Near 2557 E 40th St

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Frequently asked questions about 2557 E 40th St

  • What is 2557 E 40th St estimated to be worth?
    Trulia's estimated value for 2557 E 40th St in Lorain, OH is $115,100.
  • What is the price history for 2557 E 40th St?
    2557 E 40th St in Lorain, OH last sold for $50,000 in June 2018.
  • Is Lorain a buyer's or seller's market?
    Lorain is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Lorain?
    The median sale price in Lorain is $163K. That is up $8.42K from the prior month.
  • How big is the lot at 2557 E 40th St?
    The lot at 2557 E 40th St in Lorain, OH is about 0.17 acres (7,405 sq ft).