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.

Home Value$273,160

+5.3%

Rent$1,384/mo

Prices rising — worse for buyers.

Affordability

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Income (annual)

Down Payment

$54,632 on $273,160

Example: $75,000 household income. Change it above to see your own.

Stretch29.4% 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$1.6M The Village of Indian Hill$1.58M 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.

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Lakewood, OH