Home prices
The price of the median home in Lakewood is $158,100. It is approximately $18,300 (13%) higher in comparison to nearby areas.It is approximately $59,400 (27%) lower compared to the country as a whole, and compared to the city of Cleveland it is roughly $88,500 (127%) higher.
Rents
In Lakewood the median monthly rent is $797. Compared to other places in this area this is about $9 (1%) lower.In comparison to the country as a whole it is about $265 (24%) lower, and is about $78 (10%) higher in comparison to the city of Cleveland.
Nearby places
Rocky River
Rocky River is Lakewood's neighbor to the west. Its housing prices are substantially more expensive. The median home in Rocky River is valued at $245,800, which works out to $87,700 (35%) higher than Lakewood. Rent there is somewhat more expensive. Rocky River's median monthly rent is $924, which is $127 (13%) higher than Lakewood.
Fairview Park
Fairview Park is Lakewood's neighbor to the southwest. Its housing prices are fairly similar. The cost of the median home in Fairview Park is $161,100, which works out to $3,000 (1%) higher than Lakewood. Rent there is pretty similar. The median monthly rent in Fairview Park is $785, which is $12 (1%) lower than Lakewood.
Linndale
Linndale is approximately 2 miles southeast of Lakewood. Real estate prices there are a lot less expensive. Linndale's median home cost is $63,100, which is $95,000 (150%) lower than Lakewood. Rents there are somewhat less expensive. In Linndale the median rent is $725 a month, which comes out to $72 (9%) lower than Lakewood.
Brooklyn
Brooklyn is approximately 3 miles southeast from Lakewood. The real estate prices there are substantially less expensive. The median home in Brooklyn costs $110,600, which is $47,500 (42%) lower than Lakewood. The rent there is a bit less expensive. The median rent in Brooklyn is $733 a month, which is $64 (8%) lower than Lakewood.
Brook Park
Brook Park is about 5 miles south from Lakewood. Its real estate prices are a lot less expensive. Brook Park's median home price is $118,400, which is $39,700 (33%) lower than Lakewood. Rents there are somewhat more expensive. Brook Park's median monthly rent is $863, which is $66 (7%) higher than Lakewood.
