Lakewood
Lakewood city, Ohio
Lakewood, Ohio, is a hidden gem for those seeking urban living with a neighborly feel, all without breaking the bank. Nestled just west of Cleveland, this city of 50,605 residents offers a refreshing blend of affordability and convenience. Imagine strolling along tree-lined streets, where the median home value hovers around $221,100, significantly below the national average. This affordability, coupled with a vibrant arts scene and a palpable sense of community, makes Lakewood an attractive destination for young professionals, families, and anyone seeking a balanced lifestyle. The city’s walkability, with its bustling avenues filled with local shops and restaurants, further enhances its appeal, allowing residents to embrace a more relaxed pace of life.
From an investment perspective, Lakewood presents a compelling opportunity. While the median household income is $63,299, slightly below the national average, the lower cost of living provides a comfortable lifestyle. The housing market is stable, with a variety of housing options to suit different tastes and budgets. Safety is a priority, with well-maintained public spaces and a strong police presence contributing to a secure environment. Lakewood is ideal for those who value community, enjoy easy access to city amenities, and appreciate a financially sensible approach to homeownership. It’s a place where you can build a fulfilling life, invest in your future, and truly feel at home.
Lakewood, Ohio at a Glance
Lakewood is a city in Lakewood city, Ohio with a population of approximately 50,605. The median home value is $221,100 and the median household income is $63,299. It has a Walk Score of 0 out of 100, indicating car dependency. The violent crime rate is 1.4 per 1,000 residents, which is 61% below the national average. Air quality is rated Good. The overall climate risk is rated as "Very Low." Median rent is $888 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.
Median Home Value
$221,100
Median Income
$63,299
Population
50,605
Walk Score
0
Air Quality
AQI 43
Good
Climate Risk
Very Low
Good
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- Population
- 50,605
- Median Age
- N/A
- Median Household Income
- $63,299
15% below nat'l avg
- Bachelor's Degree+
- N/A
- Poverty Rate
- 11.8%
5% below nat'l avg
- Median Home Value
- $221,100
22% below nat'l avg
- Median Rent
- $888
24% below nat'l avg
- Homeownership Rate
- 88.0%
34% above nat'l avg
- Affordability Index
- 135
35% above nat'l avg
- Violent Crime Rate
- 1.4 per 1K
61% below nat'l avg
- Property Crime Rate
- 5.7 per 1K
70% below nat'l avg
- AQI
- 43
Near nat'l avg
- Category
- Good
- Overall Risk
- Very Low
- Risk Score
- 7.70
Top Hazards
- Overall
- Quiet
- Road Traffic
- N/A
- Aviation
- N/A
- Rail
- N/A
- Electricity Rate
- 11.8¢/kWh
29% below nat'l avg
- Est. Monthly Electric
- $106
23% below nat'l avg
- Unemployment Rate
- 5.4%
46% above nat'l avg
- Poverty Rate
- 11.8%
5% below nat'l avg
Weather & Climate in Lakewood
Avg High
61°F
Avg Low
44°F
Annual Rainfall
"
Avg Humidity
NaN%
Political Landscape
→ Politically stable
Based on Morrow County county-level presidential election data
Culture & Things to Do in Lakewood
Lakewood Arts Festival
Annual juried art fair showcasing local and regional artists.
Lakewood Summer Meltdown
A street festival with music, food, and family activities.
Front Steps Concerts
Free outdoor concerts held on porches and front lawns throughout the city.
Spooky Lakewood
A Halloween celebration with trick-or-treating and spooky events.
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