Lakewood, OH Real Estate
According to census data in the year 2000 there were 28,416 housing units in Lakewood.
This represents a 0.4% decline from 28,521 in 1990.
Of those housing units, 28,416 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Lakewood is about 45.1%.
Lakewood's vacancy rate, including seasonal lodging, is about 6.1%.
Average household size is 2.09 people.
The majority of houses, apartments or condos in Lakewood were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.70% |
| One Bedroom | 24.30% |
| Two Bedrooms | 31.50% |
| Three Bedrooms | 25.80% |
| Four Bedrooms | 11.10% |
| Five Bedrooms or more | 3.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.55 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $117,900 |
| Median Price asked for vacant units | $122,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.72 |
| Median year structure was built | 1942 |
| Median Monthly Rent asked for vacant units | $524 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.70% |
| Second Mortgage | 10.40% |
| Home Equity Loan | 15.80% |
| Simple Mortgage | 49.20% |
| Debt Free | 23.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.7% |
