Lakewood

Situated along the southern shore of Lake Erie in Cuyahoga County, this city of 50,229 residents currently shows 139 active listings, with a median home price of $275,000 and a price per square foot of $165. The average home size of 1,781 square feet reflects a housing stock that skews toward older, established construction typical of inner-ring Cleveland suburbs. With an owner-occupancy rate of 44.5 percent, the market leans notably toward renters, which can influence both demand patterns and investment considerations for buyers. The median household income of $65,925 positions the area within a moderate affordability range relative to the current pricing. Homes fall within the Lakewood City School District (established 1817), one of the older school districts in the state. Buyers and investors tracking this market should note that the relatively tight listing inventory combined with consistent demand from both renters and owners keeps pricing fairly stable throughout the year.

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