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Lakemore

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

Median Home$140,902
Median Rent$1,035/month
Population3,032
Leading IndustriesEducation · Retail4% education
Home Value Growth⬆⬆⬆+23.2% over 2 years
Retirees21% of residentsnear the national average
Homeowners79% of occupied units
NotableTransit83/100 · excellent transit access
NotableAmenity Score72/100 · highly walkable area
Lakemore
OH

Frequently Asked Questions

What are today's mortgage rates in Lakemore?

As of today, the 30-year fixed mortgage rate for Lakemore is approximately 6.995% (7.038% 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 Lakemore?

The median home value in Lakemore is $141k. The median monthly rent is $1,035. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lakemore?

Home values in Lakemore have increased 23.2% 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 Lakemore?

Based on a typical all-in ownership cost of $972/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lakemore is $66k/year.

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What industries drive the economy in Lakemore?

The largest employment sectors in Lakemore are public administration (24%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.