Lakemore

Tucked into Summit County, this small residential community of roughly 2,900 residents carries a notably high owner-occupancy rate of 82.7%, signaling a stable, established neighborhood where long-term homeownership is the norm. With a median household income of $54,836, the local buyer pool tends to gravitate toward the area's accessible price points, reflected in a current median home price of $109,500 and a price per square foot of $113. Average homes run about 1,496 square feet, offering modest but functional living spaces. Inventory is extremely tight at just three active listings, which can create competitive conditions for buyers despite the relatively affordable pricing. Families with children are served by Springfield Local School District in Summit County. The combination of low inventory, strong owner-occupancy, and below-regional-average pricing makes this a market where properties tend to attract practical, value-focused buyers looking for stability over speculation.

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