Real Estate Investing in Lakewood, Ohio (44107)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44107 (Lakewood, OH)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.2% vacancy may signal weakening demand.
What’s happening in Lakewood, OH (44107)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44107 Lakewood
This part of Cuyahoga County is not an easy win. The 44107 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
On balance, the numbers look inviting — $298K purchase price, 0.0% nominal cap — the work to hit that pro forma in 44107 is substantial and deserves full respect.
Statewide comparisons place 44107 among OH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A substantial renter share of 56% in 44107 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 44107 is an operator game, not a passive one. From a cash-flow lens, entry prices of $298K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Lakewood:
Property Strategy for 44107
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $98,576 | $1,130 | 8.3% | +7.2% | $98,576 |
| 2BR | $202,457 | $1,360 | 4.8% | +9.2% | $101,228 |
| 3BR | $284,767 | $1,750 | 4.4% | +7.6% | $94,922 |
| 4BR | $358,164 | $1,870 | 3.8% | +7.6% | $89,541 |
| 5BR | $492,078 | — | — | +7.8% | $98,416 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44107 Compare?
| Metric | 44107 | Lakewood | Cleveland-Elyria, OH | Ohio |
|---|---|---|---|---|
| Home Value | $297,639 | $297,639 | N/A | $237,530 |
| 5-Year CAGR | 5.9% | 5.9% | N/A | 7.4% |
| Avg Rent | $1,457 | $1,457 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44107 (Lakewood, OH). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 44107 (Lakewood, OH)?
~25 seconds · no account needed · your report is anonymous
Property managers serving Cuyahoga County
Manage rentals here? List your business →Cleveland Property Management Group is a residential property manager in Northeast Ohio, assisting with property purchase, portfolio analysis, and full-service management. summary from their website
SBS Property Management provides management, maintenance, inspections, finances, and communications for Condominium and Homeowner Associations across Ohio. summary from their website
Aspire Real Estate helps sell homes quickly. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $297,639 |
| Monthly Rent | $1,457 |
| Price-to-Rent | 17.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +7.4% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 Rent Trends
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +6.0% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 44107
Population: 50,384
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 44107
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 9,386 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Where do home prices stand in Lakewood, OH?
In Lakewood, OH the median home value sits at $298K. Against the broader OH market, that reads as reasonable for most investors.
What approach is best for Lakewood, OH real estate?
Most investors in Lakewood, OH run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
How landlord-friendly is Lakewood, OH?
For rental operators, Lakewood, OH rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Are there empty rentals in Lakewood, OH?
Expect elevated vacancy in Lakewood, OH. Rents at $1,457/mo are absorbed by the tenant base without meaningful lag.
Can owner-occupants cash flow in Lakewood, OH?
For house hackers, Lakewood, OH is a challenging. The $1,457/mo rent on a unit helps defray the mortgage on a $298K property.
You know 44107 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 44107 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 44107 ranks in Cleveland-Elyria, OH
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 44107 (Lakewood)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 44107 (Lakewood, OH).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.