Eastlake, OH—44095
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Eastlake, OH
As of Oct '25, the median home price in Eastlake, OH is $196,000, with a year-over-year change of 3.6%. This indicates that home prices in Eastlake, OH are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $196,000 | 3.7% |
| Single Family | $196,000 | 3.2% |
| Condos | $197,000 | 1.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $156,000 | 4.7% |
3 Bed | $198,000 | 3.7% |
4 Bed | $228,000 | 3.6% |
| 5 Bed | $274,000 | 3.8% |
% of Housing Stock
Rental Trends — Eastlake, OH
As of July '25, Rentcast reports the average rent in Eastlake, OH is $1,470, with a year-over-year rent change of -8.7%. Per bedroom, the median rent as of July '25 in Eastlake, OH is 1-bedrooms: $903, 2-bedrooms: $992, 3-bedrooms: $1,620, 4-bedrooms: $1,840. The most common rental property sizes in Eastlake, OH are 2-bedroom and 3-bedroom, accounting for 42.5% and 25.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $1,470 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $895 | $903 |
| 2 Bed Rent | $950 | $992 |
| 3 Bed Rent | $1,600 | $1,620 |
| 4 Bed Rent | $1,720 | $1,840 |
% of Rental Stock
Property Listings — Eastlake, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Eastlake, OH is 35. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $225,000 | 4.0% |
Listing Count | 115 | 26.0% |
| Listings as % of Homes | 0.5% | 26.0% |
Days on Market | 35 | -1.0% |
Demographics — Eastlake, OH
As of the latest ACS Survey released in 2023, Eastlake, OH has a population of 32,500, which has decreased by -2.5% over the past 5 years. Eastlake, OH is a moderately popular place for families, as children make up 16.8% of the population. The area has a poorly educated workforce, with 24.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,500 | -2.5% |
% Under 18 | 16.8% | -15.6% |
% Seniors | 20.6% | 13.8% |
% WFH | 12.1% | 404.2% |
% w/ College Degree | 24.1% | 31.0% |
As of the latest ACS Survey released in 2023, Eastlake, OH is a predominantly white area, with 87.0% of the population identifying as white. The white population has shrunk by 4.5% in the last 5 years. The second most common race or ethnicity in Eastlake, OH is black, making up 5.7% of the population. Foreign-born residents account for 3.4% of the population in Eastlake, OH, and this percentage has decreased by 15.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 87.0% | -4.5% |
% Black | 5.7% | 11.8% |
% Hispanic | 2.6% | 85.7% |
% Asian | 0.3% | -40.0% |
% Foreign Born | 3.4% | -15.0% |
Mortgage and Risk — Eastlake, OH
According to HUD data as of 2023, there were 725 mortgage originations in Eastlake, OH, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Eastlake, OH. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 725 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Eastlake, OH
As of 2024, the percent of homes in Eastlake, OH under the Section 8 program is 6.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Eastlake, OH, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 214 |
Total Units Section 8 | 214 |
% Rentals under Section 8 | 6.6% |
% Occupied Section 8 | 72.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $95 | $895 | $990 |
| 2 Bedroom | $250 | $950 | $1,200 |
| 3 Bedroom | -$60 | $1,600 | $1,540 |
| 4 Bedroom | -$60 | $1,720 | $1,660 |
Affordability — Eastlake, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $196,000 |
| Median Household Income | $69,800 |