Bay Village

Situated along Lake Erie in Cuyahoga County, this small lakefront community of roughly 16,000 residents carries a median household income of $122,083 and an owner-occupancy rate of 91.3 percent, reflecting a stable, predominantly residential market. Current inventory is tight, with only 23 active listings available. The median home price sits at $406,000, with buyers paying approximately $333 per square foot for homes that average 2,129 square feet. Those figures suggest a market where modestly sized properties command meaningful pricing, likely influenced by the community's desirable location and access to the lake. Bay Village City School District serves the area and is frequently cited by buyers as a factor in purchase decisions. The combination of limited inventory, high owner-occupancy, and above-average household income points to low turnover and consistent demand. Buyers entering this market should expect competition and limited negotiating leverage given the constrained supply.

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