Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lakewood area can be challenging. Home prices in Lakewood are now at a median cost of $208,345, higher than the Ohio average of $181,280.
The average cost of rent is $892/mo in Lakewood, primarily driven by the current value of real estate in the Lakewood area. While nearly 31.46% of residents own their homes outright in Lakewood, 52.60% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lakewood is $5,564 per month. Households that rent pay about 16.03% of their income on rent here. Lakewood's most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Rocky River, OH: higher priced homes
- Linndale, OH: less expensive homes
- Fairview Park, OH: equally priced homes
- Brooklyn, OH: less expensive homes
- Brook Park, OH: less expensive homes
- Cleveland, OH: less expensive homes
- Bay Village, OH: higher priced homes
- Parma Heights, OH: less expensive homes
- Westlake, OH: higher priced homes
- Parma, OH: less expensive homes
Cities with Similar Populations
- Ballwin, MO: higher priced homes
- Beaumont, CA: higher priced homes
- Wheaton, MD: higher priced homes
- Bluffton, SC: higher priced homes
- Campbell, CA: higher priced homes
- Wayne, NJ: higher priced homes
- Crystal Lake, IL: higher priced homes
- Davis, CA: higher priced homes
- Dunwoody, GA: higher priced homes
- East Hartford, CT: less expensive homes
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