Lakewood

Situated along the southern shore of Lake Erie in Cuyahoga County, this densely populated city of 50,229 residents carries one of the lower owner-occupancy rates in the region at 44.5%, reflecting a housing stock that skews heavily toward renters. With 74 active listings currently on the market, buyers have a relatively limited selection to work with. The median home price sits at $167,450, with an average price per square foot of $152 across homes that typically run about 1,486 square feet. That combination positions Lakewood as a more accessible entry point compared to many surrounding suburbs, particularly for buyers priced out of neighboring communities. The median household income of $65,925 suggests residents carry moderate purchasing power relative to those home prices. Families with children fall under the Lakewood City School District, established in 1817. The tight inventory and consistent demand from renters also make the market worth watching for investors considering small multi-family properties.

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