Lakewood, Ohio is located on the southern side of Lake Erie. As the 3rd largest city in Cuyahoga County, Lakewood is home to around 52,131 residents and consists of 6.69 square miles. Impressively, Lakewood has won national acclaim, multiple awards, and several titles.
Travel + Leisure Magazine named Lakewood as one of the Top 10 Suburbs in the United States, and Business Week awarded Lakewood the title of The Best Place to Raise Kids. Additionally, Inside Business Magazine gave the City of Lakewood Department of Planning & Development an award for economic development.
Lakewood earned its nickname, “City of Beautiful Homes,” from its intentional design in the early 1900s to include grand housing options with lakeside views. Today, the city has a range of properties and attractions that appeal to many different tastes and lifestyles.
Considering its varied attractive attributes, it makes sense why Lakewood is routinely named as one of the Best Hometowns in Ohio by Ohio Magazine.
Compared with other Ohio cities, Lakewood’s population is largely diverse and educated.
48.9% of residents are male, and 51.1% are female. As for ethnic background, 82.1% are white, 6.7% are black, 5.1% are Hispanic, 4.3% are biracial, 1.6% are Asian, and .1% are Native Hawaiian or Pacific Islanders.
93.9% of residents 25 years and over have at least a high school degree, and 43.7% hold a bachelor’s degree or above. Only 4.9% of residents are unemployed, and the majority of residents prefer to rent rather than own their property.
The majority of Lakewood residents belong to the democratic party.
Because the American government made a treaty with local Native Americans in 1785, no American citizens were allowed to live west of the Cuyahoga River. Early settlers explored east of the river until a treaty was made with Native American leaders to lease land west of the Cuyahoga River.
Due to a new treaty being drawn up at the cost of $5,000, settlers permanently inhabited the territory starting on July 4, 1805. Included in this treaty was the land that later became Lakewood.
In 1805, Lakewood began as Township 7, Range 14. Known for being a heavily wooded area, only 18 families lived in this township in 1819. From there, settlers came in droves.
Lakewood was officially established as one of Cleveland’s historic streetcar suburbs in 1889. Population growth led to Lakewood becoming a village made up of 3,500 residents in 1903. In 1930, Lakewood had a population of 70,509.
TOP Lakewood HIGHLIGHTS
The period from June to September is best for those who are looking for pleasant temperatures and little to no rainfall in Lakewood. During these months, the weather is perfect for taking scenic walks, enjoying waterfront scenery, and going to waterfront parks.
Daytime temperatures here range from 49.8 °F to 70°F. January features the coldest days when temperatures dip to 22°F. On average, it rains for about 6 to 9 days per month in the city.
Lakewood is located right along Lake Erie’s southern shore, which means that the city has a high risk of flash flooding. Beyond Lake Erie, the climate’s predisposition to high precipitation levels also means there is a high risk for water damage caused by heavy rains.
During the winter, Lakewood residents can also expect to experience serious snow and ice storms. Blizzards are not commonplace in Lakewood, but have been known to occur.
The Greater Cleveland area is no stranger to tornados, and Lakewood has officially recorded multiple tornados after the turn of the 21st century. Serious wind storms are more common and can also cause significant damage.
Lakewood Commute Time
Lakewood Commuter Travel Behavior
80% of Lakewood residents commute to work by car, and the majority of residents enjoy short travel times between 5-35 minutes. The mean travel time for employed residents sits at 22.3 minutes.
These commute times are due largely to the city’s ready-access to popular roadways such as Interstate 90, found on the south side of Lakewood, and Clifton Boulevard to the north.
The commute to Cleveland, Ohio is a short one of around 20 minutes, due to the city being only 7 miles away. Cleveland Hopkins International Airport is around 6 miles away from Lakewood, and 12 minutes away by car.
Lakewood is considered safer than 43% of other U.S. cities. The violent crime rate per 1,000 residents is 1.18, and the property crime rate per 1,000 residents is 13.55.
Alternatively, the odds of being a victim of a violent crime in Lakewood is 1 in 849, which is more favorable compared with Ohio’s average of 1 in 357. The odds of being a victim of a property crime in the city is one in 74, which is also better than Ohio’s average of 1 in 46.
Generally, Lakewood neighborhoods found east of Bunts Road have higher crime rates than areas found west of Cook Avenue.
The legislative arm of Lakewood is the City Council. With a primary function of making laws, 7 council members meet on the first and third Monday of each month in the City Hall auditorium. Members are in office for 4 year staggered terms.
Lakewood Chamber of Commerce’s mission statement is to advance the professional, commercial, and industrial interests of the city. The Chamber was founded on the idea that businesses are stronger together, and so the Chamber offers educational, networking, and promotional events for members.
Lakewood’s Mayor acts as the city’s chief elected official, spokesperson, principal representative. The Mayor is elected for a 4 year term, starting on January 1st following his or her election. The Mayor oversees the city’s administration and affairs, in addition to ensuring that all city ordinances are enforced.
Lakewood Population 2020
With a population of over 50,000, Lakewood is the 17th largest city in Ohio. 48.9% of the city’s residents are male, and 51.1% are female. The majority of residents here are adults and young professionals aged 35 to 54 years. 22% of the population belong to the 25 to 34 age bracket. The median age is 35 years old.
Lakewood covers over 7 miles and has a population density of 8,932 people per square mile. The population is declining at an annual rate of -0.6%. Since the last census in 2010, the number of people living in Lakewood has decreased by -4.2%.
Lakewood Population Over Time
Lakewood Population by year
Lakewood Population by Sex
Lakewood Population by Age and Sex
Lakewood Diversity 2020
Lakewood is fairly more diverse than nearby cities in Ohio. 87.6% are White residents, 6% are African American residents, and 4.1% is Biracial. Important ancestries of residents in the city include Italian, Polish, German, English, and Irish.
English is still the most widely spoken language in Lakewood. 2.7% of the population speak Spanish while 3.5% speak other Indo-European languages.
Lakewood Race & Ethnic Diversity
Lakewood Ancestry (Top 10)
Lakewood Languages Spoken (Top 10)
Lakewood Foreign born population
Lakewood Education 2020
Lakewood is well-regarded for its top-ranking public schools and a huge number of adults who have higher education qualifications.
93.9% of residents 25 years and over have at least a high school degree, and 43.7% hold a bachelor’s degree or above. 21% have finished college, 7.3% hold associate degrees, and 17.6% hold graduate degrees.
Lakewood Educational Attainment of Adults (25 years and over)
Lakewood Level of Education
SCHOOLS IN Lakewood
As an award-winning district, Lakewood City School District is focused on providing students with top-quality education for the 21st century.
Named as one of the Best Communities for Music Education from 2016-2019, this district also focuses on sports, enriching programming, and community engagement so students continue to learn outside of classrooms.
This school district is comprised of around 5,000 students. Campuses include 7 elementary schools that serve grades pre-kindergarten through 5th, 2 middle schools that educate students from 6th to 8th grade, one high school that spans from 9th to 12th grade, and one community charter school.
The average student to teacher ratio is 17-1, and Niche.com ranks the district as #20 out of 608 Ohio school districts in terms of being most diverse.
Students often praise the district’s schools for creating welcoming learning environments, engaging programs, and a wide range of opportunities overseen by involved teachers and staff members.
Lakewood Housing 2020
Judging from market statistics that span the city’s recent history alone, the real estate market in Lakewood is very competitive.
From January 2015 to January 2019, the median list price of properties has steadily increased, save for a short-term dip from December 2016 to January 2017. In January 2015, the median list price was $120K, while the median list price in January 2019 was $185K.
As for median price per square foot, a comparable upward trend in prices is shown from January 2015 to June 2018, with the median price in January 2015 being $83 and the median price in June 2018 being $144. From there, prices dipped to around $120 until January 2019, when prices began to rise above $126 back to $148 in August 2019.
In terms of property values, the highest appreciating Lakewood neighborhood is the area between Clifton Boulevard and Bunts Road, and the least appreciating neighborhood is found between Detroit Ave and W 117th Street.
Lakewood Home Appreciation Rates
Lakewood Home Value
Lakewood Median Home Value
Lakewood Median Gross Rent
Lakewood Home Ownership
Lakewood Rent & Ownership
Lakewood Rent vs Owner Occupied by Household Type
Lakewood Household Type
Lakewood Occupied & Vacant Number of Homes and Apartments
Lakewood Real Estate Trends
Lakewood Age of Homes
Lakewood Types of Homes
Lakewood Homes Size
Lakewood Property Taxes
Lakewood Property Taxes Range
Lakewood Homes for Sale
Lakewood, Ohio has a wide range of housing options available for varying income levels, household sizes, and personal preferences.
35.9% of housing options are single-family properties, and 5.5% are townhomes. 24.6% of residential options are small apartment buildings, and 33.9% are larger apartment complexes.
64.2% of housing options were built in 1939 or previous years, which means a good deal of Lakewood homes are historical. 26.8% of houses were built from 1940-1969, and 8.4% were built between 1970-1999. Only .7% of residences were constructed in 2000 or later.
23.2% of housing options have 1 bedroom. At 32.1%, the majority of residences consist of 2 bedrooms, and 26% of properties have 3 bedrooms. Only 15% of properties have 4-5 bedrooms.
With a number of lakeside properties, historic homes, and modern apartments, there’s something for everyone.
Featured homes for sale
FIND YOUR HOME
Lakewood Economy 2020
The largest industries in Lakewood include scientific and technical services, manufacturing, and finance, and insurance. Of the city’s more than 29,000 employees, white-collar workers make up the majority at 86%.
Nearly 15% of people in Lakewood live below the poverty line, while the unemployment rate is above the national rate at 4.9%.
The median household income in the city is approximately 4% lower than the US average at $51,323. A resident here earns an annual income that is 51.3% above the US median at $58,643.
Lakewood Median Household Income
Lakewood Per Capita Income
Lakewood Income Distribution
Lakewood Income Distribution by Gender in Common Jobs
Lakewood Income Distribution by Race and Ethnicity
Lakewood Unemployment Rate
Lakewood Employment Distribution by Age
Lakewood Employment Industries
Cost of Living
The total cost of living in Lakewood tracks as being around 10.2% less than the national average. However, it is more expensive to live in this lakeside city than other areas of the state.
The median home cost tracks around $183K, which is high compared to Ohio’s average of $140K. In addition to housing expenses, groceries and transportation costs also rank higher than statewide averages.
However, utility and healthcare expenses compare favorably with the state’s averages. Specifically related to the Greater Cleveland Area, Lakewood falls on the more affordable side of the cost of living spectrum.
Lakewood Poverty By Age and Gender
Lakewood Poverty By Race and Ethnicity
Things to do
Lakewood, Ohio is made up of a number of neighborhoods and districts that are all excellent areas to explore.
Birdtown is found on the southeastern side of Lakewood. As a Nationally Registered Historic District, this unique area is known for having streets named after birds.
Clifton Boulevard has multi-family homes, apartment buildings, and Clifton Boulevard, one of the busiest roadways in the Cleveland area.
Clifton Park is ranked as the wealthiest Lakewood neighborhood and found on the northwest side of the city. Consisting largely of Victorian mansions, this neighborhood is comprised of prominent citizens.
Victorian Village is found on the city’s east end and named after its grand Victorian homes.
The Gold Coast borders Lake Erie and is known for its range of high rises, while Rockport Square is an eastern area defined by condos and loft spaces.
All in all, Lakewood’s neighborhoods are as diverse as its residents, and this city proudly celebrates its unique characteristics.