Real Estate Investing in Lakemore, Ohio (44312)
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Should you buy in 44312 (Lakemore, OH)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Lakemore, OH (44312)?
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Market Analysis: 44312 Lakemore
This part of Summit County is not an easy win. The 44312 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 44312 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader OH picture, 44312 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Put differently, 30,739 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The right play in 44312 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Lakemore:
Property Strategy for 44312
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $76,292 | $970 | 9.2% | +6.7% | $76,292 |
| 2BR | $138,400 | $1,250 | 6.5% | +7.7% | $69,200 |
| 3BR | $179,100 | $1,530 | 6.2% | +7.0% | $59,700 |
| 4BR | $264,418 | $1,660 | 4.5% | +6.9% | $66,105 |
| 5BR | $295,539 | — | — | +6.8% | $59,108 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44312 Compare?
| Metric | 44312 | Lakemore | Akron, OH | Ohio |
|---|---|---|---|---|
| Home Value | $185,315 | $153,081 | N/A | $237,530 |
| 5-Year CAGR | 5.8% | 5.8% | N/A | 7.4% |
| Avg Rent | $1,261 | $1,170 | N/A | - |
| Cap Rate | 5.3% | 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 44312 (Lakemore, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $185,315 |
| Monthly Rent | $1,261 |
| Price-to-Rent | 12.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.2% |
| Cap Rate | 5.3% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 Rent Trends
| 1-Year | -1.8% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.3%). 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 44312
Population: 30,739
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 44312
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 5,086 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How do home values compare in Lakemore, OH?
Lakemore, OH home values average about $185K. That price point suits investors targeting rentals with $1,261/mo in monthly income.
Is rental property easy to operate in Lakemore, OH?
For rental operators, Lakemore, OH rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Which real estate strategy fits Lakemore, OH?
Most investors in Lakemore, 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.
Can owner-occupants cash flow in Lakemore, OH?
The a challenging house-hack environment in Lakemore, OH reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Are renters plentiful in Lakemore, OH?
The renter base in Lakemore, OH is reasonable for the $1,261/mo price point. Screening well and pricing to market typically yields consistent tenants.
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How 44312 ranks in Akron, OH
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