Real Estate Investing in Lakemore, Ohio (44250)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44250 (Lakemore, OH)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 16.6% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Lakemore, OH (44250)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44250 Lakemore
ZIP 44250 inside Summit County looks affordable on the surface — median value of $121K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 44250 is healthy only for operators who understand what they are buying. A $121K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 44250 sits on the difficult end of the OH spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 44250 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Lakemore:
Property Strategy for 44250
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $97,470 | $1,200 | 8.9% | +8.5% | $48,735 |
| 3BR | $128,252 | $1,460 | 8.2% | +7.0% | $42,751 |
Market Trends
Home Value History (with trend line)
📊 How Does 44250 Compare?
| Metric | 44250 | Lakemore | Akron, OH | Ohio |
|---|---|---|---|---|
| Home Value | $120,846 | $153,081 | N/A | $237,530 |
| 5-Year CAGR | 5.8% | 5.8% | N/A | 7.4% |
| Avg Rent | $1,080 | $1,170 | N/A | - |
| Cap Rate | 7.0% | 6.1% | - | - |
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 44250 (Lakemore, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $120,846 |
| Monthly Rent | $1,080 |
| Price-to-Rent | 9.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.7% |
| Cap Rate | 7.0% |
| 5-Year IRR | 12.8% |
📈 Home Appreciation
| 1-Year | +8.7% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (7.0%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 44250
Population: 1,604
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 44250
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Glover Community Learning Center
Henry L Robinson Community Learning Center
Ritzman Community Learning Center
Hatton Community Learning Center
Hyre Community Learning Center
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 7,748 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How expensive is real estate in Lakemore, OH?
Expect median prices around $121K in Lakemore, OH. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
What is the typical rental rate in Lakemore, OH?
Rents in Lakemore, OH run near $1,080/mo. Compared with median home prices of $121K that produces solid gross yields for typical rentals.
How qualified is the tenant pool in Lakemore, OH?
Lakemore, OH offers a measured renter base at the $1,080/mo rent level. Tenant turnover is reasonable for well-managed properties.
Can I live-in-and-rent in Lakemore, OH?
House hacking in Lakemore, OH is reasonable to execute. Prices around $121K and rents of $1,080/mo solid owner-occupant economics.
Are eviction rules reasonable in Lakemore, OH?
The landlord environment in Lakemore, OH is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
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How 44250 ranks in Akron, OH
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