The median home in Lakewood, Ohio is valued at $273,160, up 5.3% year over year. Typical monthly rent is $1,384, producing a price-to-rent ratio of 16.4x — near the national average of 18x. Lakewood is part of the Cleveland-Elyria, OH metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Cleveland-Elyria, OH stress score, crash risk, and 12-month forecast →

Home Value$273,160

+5.3%

Rent$1,384/mo

AFFORDABILITY

Enter your income for Lakewood.

Income (annual)

Down Payment

$54,632 on $273,160

Stretch — 29.4% of income

Above 28% but manageable with cuts.

PITI$1,836

P/I29.4%

Afford$260K

Gap-$13K

P&I $1,381Tax $355Ins $100

Renting $452/mo cheaper ($1,384 rent)6.50% 30yr, 20% down, county tax + OH ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Ohio

Compare Lakewood with other housing markets across Ohio.

Hunting Valley$1601K The Village of Indian Hill$1575K Bentleyville$820K Waite Hill$748K Kirtland Hills$741K Gates Mills$734K Marble Cliff$731K Terrace Park$726K

Full Cleveland-Elyria, OH analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Cleveland-Elyria, OH metro.

View Cleveland-Elyria, OH metro →

LAKEWOOD, OH