Lakemore

This small Summit County community of 2,917 residents currently has just 3 active listings on the market, reflecting limited inventory availability. The median home price stands at $175,000, with properties averaging $170 per square foot and typical home sizes of 924 square feet. The housing market demonstrates strong stability with an 82.7% owner-occupied rate, indicating residents tend to stay long-term rather than frequently turnover. The median household income of $54,836 supports the local housing costs, making homeownership accessible for many families. Students in the area attend Springfield Local School District Summit. The combination of modest home sizes and affordable pricing creates opportunities for first-time buyers and those seeking smaller properties, though the extremely limited active inventory suggests buyers may face competition when homes do become available. The high ownership rate and small market size contribute to infrequent listing activity in this established residential community.

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