Lakemore—44250
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lakemore
As of Oct '25, the median home price in Lakemore is $108,000, with a year-over-year change of -4.5%. This indicates that home prices in Lakemore are decreasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $108,000 | -4.5% |
| Single Family | $105,000 | -5.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $97,000 | -4.9% |
3 Bed | $128,000 | -3.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lakemore
As of July '25, Rentcast reports the average rent in Lakemore is $1,200, with a year-over-year rent change of 60.0%. Per bedroom, the median rent as of July '25 in Lakemore is 2-bedrooms: $650, 3-bedrooms: $1,750. The most common rental property sizes in Lakemore are 2-bedroom and 3-bedroom, accounting for 73.8% and 26.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $650 | $1,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $650 | $650 |
| 3 Bed Rent | $1,750 | $1,750 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lakemore
As of Oct '25, Realtor.com reports that the median days on market for a home in Lakemore is 20. This is a decrease of -41.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $165,000 | 90.0% |
Listing Count | 7 | 23.0% |
| Listings as % of Homes | 0.6% | 23.0% |
Days on Market | 20 | -41.0% |
Demographics — Lakemore
As of the latest ACS Survey released in 2023, Lakemore has a population of 1,600, which has increased by 44.5% over the past 5 years. Lakemore is a moderately popular place for families, as children make up 18.3% of the population. The area has a poorly educated workforce, with 6.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,600 | 44.5% |
% Under 18 | 18.3% | 90.6% |
% Seniors | 19.3% | -33.2% |
% WFH | 12.5% | ∞% |
% w/ College Degree | 6.8% | 112.5% |
Lakemore lacks sufficient race and ethnicity data for analysis.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.5% | 9.7% |
% Black | 0.1% | -99.3% |
% Hispanic | 5.0% | ∞% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | N/A |
Mortgage and Risk — Lakemore
According to HUD data as of 2023, there were 64 mortgage originations in Lakemore, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Lakemore. Investor activity is low, as 5.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 64 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Lakemore
Lakemore lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 20 |
Total Units Section 8 | 20 |
% Rentals under Section 8 | 9.6% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $790 |
| 2 Bedroom | $360 | $650 | $1,010 |
| 3 Bedroom | -$500 | $1,750 | $1,250 |
| 4 Bedroom | N/A | N/A | $1,340 |
Affordability — Lakemore
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.8 |
| Median Home Price | $108,000 |
| Median Household Income | $54,100 |