Median home value: $273K (+5.3% YoY). Rent: $1,384/mo. Price-to-rent: 16.4x. Part of Cleveland-Elyria, OH.
Limited Data
Basic Zillow data only. For stress scores, AI analysis, and trends, Cleveland-Elyria, OH metro page.
Home Value$273,160
+5.3%
Rent$1,384/mo
AFFORDABILITYRenting $381/mo cheaper ($1,384 rent)6.00% 30yr, 20% down, county tax + OH ins. 28% per HUD.
Enter your income for Lakewood.
$54,632 on $273,160
Stretch — 28.2% of income
Above 28% but manageable with cuts.
PITI$1,765
P/I28.2%
Afford$271K
Gap-$2K
P&I $1,310Tax $355Ins $100
Home Buying Kit For Dummies (2025)Financing, negotiation, closing