Lakemore, OH—44312
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lakemore, OH
As of Oct '25, the median home price in Lakemore, OH is $175,000, with a year-over-year change of 3.1%. This indicates that home prices in Lakemore, OH are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $175,000 | 3.1% |
| Single Family | $171,000 | 3.0% |
| Condos | $267,000 | 1.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $76,000 | -1.3% |
2 Bed | $138,000 | 2.2% |
3 Bed | $179,000 | 2.9% |
4 Bed | $264,000 | 3.5% |
| 5 Bed | $296,000 | 3.5% |
% of Housing Stock
Rental Trends — Lakemore, OH
As of July '25, Rentcast reports the average rent in Lakemore, OH is $1,420, with a year-over-year rent change of -3.4%. Per bedroom, the median rent as of July '25 in Lakemore, OH is studios: $1,240, 1-bedrooms: $1,220, 2-bedrooms: $1,360, 3-bedrooms: $1,640, 4-bedrooms: $2,000. The most common rental property sizes in Lakemore, OH are 2-bedroom and 3-bedroom, accounting for 38.9% and 33.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,420 |
| Studio Rent | $600 | $1,240 |
| 1 Bed Rent | $1,250 | $1,220 |
| 2 Bed Rent | $1,100 | $1,360 |
| 3 Bed Rent | $1,600 | $1,640 |
| 4 Bed Rent | $2,000 | $2,000 |
% of Rental Stock
Property Listings — Lakemore, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Lakemore, OH is 39. This is a increase of 12.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $216,000 | 12.0% |
Listing Count | 83 | 8.0% |
| Listings as % of Homes | 0.5% | 8.0% |
Days on Market | 39 | 12.0% |
Demographics — Lakemore, OH
As of the latest ACS Survey released in 2023, Lakemore, OH has a population of 30,700, which has remained stable by -1.0% over the past 5 years. Lakemore, OH is a moderately popular place for families, as children make up 17.9% of the population. The area has a poorly educated workforce, with 19.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,700 | -1.0% |
% Under 18 | 17.9% | -6.3% |
% Seniors | 21.2% | 15.8% |
% WFH | 7.9% | 315.8% |
% w/ College Degree | 19.0% | 5.6% |
As of the latest ACS Survey released in 2023, Lakemore, OH is a predominantly white area, with 90.3% of the population identifying as white. The white population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Lakemore, OH is black, making up 3.1% of the population. Foreign-born residents account for 1.6% of the population in Lakemore, OH, and this percentage has decreased by 27.3% 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 | 90.3% | -3.1% |
% Black | 3.1% | 3.3% |
% Hispanic | 2.1% | 200.0% |
% Asian | 0.4% | -73.3% |
% Foreign Born | 1.6% | -27.3% |
Mortgage and Risk — Lakemore, OH
According to HUD data as of 2023, there were 761 mortgage originations in Lakemore, OH, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Lakemore, OH. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 761 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Lakemore, OH
As of 2024, the percent of homes in Lakemore, OH under the Section 8 program is 10.0%. 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. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Lakemore, OH, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 374 |
Total Units Section 8 | 343 |
% Rentals under Section 8 | 10.0% |
% Occupied Section 8 | 96.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$390 | $1,250 | $860 |
| 2 Bedroom | $10 | $1,100 | $1,110 |
| 3 Bedroom | -$230 | $1,600 | $1,370 |
| 4 Bedroom | -$520 | $2,000 | $1,480 |
Affordability — Lakemore, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $175,000 |
| Median Household Income | $64,500 |