Affordability evidence
Lakewood, OH home values, income, and owner costs
A borrower-focused reading of the latest ACS value, income, and owner-cost evidence for Lakewood, OH.
Source: U.S. Census Bureau
Last updated . Article facts reviewed through this date. Time-sensitive figures show their own as-of dates.
The published evidence provides the starting point: In Lakewood, OH, the 2024 ACS reports a median owner-occupied home value of $262,200, median household income of $68,954, and median selected monthly owner costs of $1,806 for owners with a mortgage. In practical terms, together, those three reference points may help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $1,806 measure combines recurring ownership expenses rather than real estate taxes alone. For the decision at hand, a useful affordability review starts with $262,200, $68,954, and $1,806, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.
Lakewood, OH's $262,200 median home-value estimate is above the statewide $214,800 estimate, with a reported city-to-state gap of 22.1%.