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Eastlake

Learn about the people, housing, costs and businesses in Eastlake, Ohio

Median Home$177,758
Median Rent$1,090/month
Population17,370
Leading IndustriesRetail · Transportation19% retail
Home Value Growth⬆⬆+14.3% over 2 years
Retirees25% of residentsabove average nationally
Homeowners75% of occupied units
Eastlake
OH

Frequently Asked Questions

What are today's mortgage rates in Eastlake?

As of today, the 30-year fixed mortgage rate for Eastlake is approximately 7.047% (7.091% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Eastlake?

The median home value in Eastlake is $178k. The median monthly rent is $1,090. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Eastlake?

Home values in Eastlake have increased 14.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Eastlake?

Based on a typical all-in ownership cost of $1,057/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Eastlake is $65k/year.

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What industries drive the economy in Eastlake?

The largest employment sectors in Eastlake are public administration (23%) and retail (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.