Lakewood

Situated along the southern shore of Lake Erie just west of Cleveland in Cuyahoga County, this city of 50,229 residents packs a dense mix of housing into a compact footprint of roughly 28,973 units. With an owner-occupied rate of 44.5 percent, renters make up the majority of households, and median gross rent sits at $1,013 per month. The housing stock reflects the city's older industrial-era development patterns, with a variety of single-family homes, duplexes, and apartment buildings spread across walkable neighborhood blocks. Median household income is $65,925. Residents tend to have relatively short commutes, averaging 18.9 minutes, which reflects the city's proximity to Cleveland's employment centers and its access to regional roadways. Only 2.3 percent of workers work from home, suggesting most residents commute to jobs outside the home. The combination of dense housing, moderate rents by regional standards, and quick access to downtown Cleveland makes Lakewood a well-connected urban community within the greater Cleveland area.

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