What is the rental vacancy rate in Lakewood, OH?
The rental vacancy rate in Lakewood, OH is 4.7% (±1.4 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 0.9% (±0.8 points).
2,229 (±331) homes, 7.7% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Lakewood, the rental vacancy rate went from 3.1% in 2015–2019 to 4.7% in 2020–2024 (+1.6 percentage points), not a measurable change.
Figures last updated on .
- Rental vacancy rate
- 4.7% (±1.4 points)
- Homeowner vacancy rate
- 0.9% (±0.8 points)
- Vacant homes
- 2,229 (±331)
Vacancy in Lakewood against Cuyahoga County, its state and the nation
| Lakewood | Cuyahoga County | Ohio | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 4.7% (±1.4 points) | 5.3% (±0.4 points) | 4.4% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 0.9% (±0.8 points) | 1.0% (±0.2 points) | 0.8% (±0.1 points) | 0.9% |
| Vacant housing units | 2,229 (±331) | 60,780 (±1,966) | 429,200 (±8,629) | 14,547,859 |
The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.
In Lakewood, the rental vacancy rate is not measurably different from Cuyahoga County (5.3%).
It is not measurably different from Ohio (4.4%).
It is not measurably different from the national figure (5.5%).
Rental vacancy rate in places near Lakewood
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Lakewood | — | 4.7% (±1.4 points) | — |
| Rocky River | 2.8 mi | 7.4% (±5.3 points) | Not measurably different |
| Linndale | 3.2 mi | 11.4% (±20.6 points) | Not measurably different |
| Fairview Park | 3.9 mi | 4.0% (±3.5 points) | Not measurably different |
| Brooklyn | 4.3 mi | 0.7% (±1.3 points) | Lower |
| Brook Park | 5.5 mi | 3.2% (±3.6 points) | Not measurably different |
| Cleveland | 6.3 mi | 5.1% (±0.5 points) | Not measurably different |
| Bay Village | 6.6 mi | 8.6% (±8.8 points) | Not measurably different |
| Westlake | 7.1 mi | 6.1% (±4.5 points) | Not measurably different |
Nearby places with a measurably lower figure: Brooklyn, OH (0.7%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Cuyahoga County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 22 | Cleveland Heights | 5.7% (±1.9 points) |
| 23 (tie) | Garfield Heights | 5.5% (±3.0 points) |
| 23 (tie) | Woodmere | 5.5% (±6.9 points) |
| 25 (tie) | Broadview Heights | 5.2% (±6.1 points) |
| 25 (tie) | Pepper Pike | 5.2% (±9.5 points) |
| 27 | Cleveland | 5.1% (±0.5 points) |
| 28 (tie) | Lakewood | 4.7% (±1.4 points) |
| 28 (tie) | North Royalton | 4.7% (±4.3 points) |
| 30 (tie) | Berea | 4.5% (±4.1 points) |
| 30 (tie) | Independence | 4.5% (±7.7 points) |
| 32 | University Heights | 4.1% (±4.1 points) |
| 33 | Fairview Park | 4.0% (±3.5 points) |
| 34 | Oakwood (Cuyahoga County) | 3.8% (±5.4 points) |
Showing 13 of 59 places in Cuyahoga County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Lakewood
One account for renting, owning, managing and fixing homes, with these figures beside you.
Looking for a place to rent?
Browse homes for rent near Lakewood, save the ones you like and apply online.
Browse rentals · Create a renter account
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Lakewood beside you.
Create a landlord account · See what landlords get
Do repairs, renovations or maintenance?
Get found by owners and renters near Lakewood, and send estimates and invoices from your phone.
Questions about Lakewood
Is it hard to find a rental in Lakewood?
The rental vacancy rate in Lakewood, OH is 4.7% (±1.4 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.
Is the rental market in Lakewood tighter than it was?
In Lakewood, the rental vacancy rate went from 3.1% in 2015–2019 to 4.7% in 2020–2024 (+1.6 percentage points), not a measurable change.
How many homes are vacant in Lakewood?
An estimated 2,229 (±331) housing units, 7.7% of the total, including seasonal homes and homes waiting to be sold or rented.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lakewood city, Ohio
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Lakewood city, Ohio
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Lakewood city, Ohio (place:41664, in state:39).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Lakewood at a glance
- Median rent in Lakewood
- Rent by bedrooms in Lakewood
- Rent burden in Lakewood
- Renters and owners in Lakewood
- Income and affordability in Lakewood
- Home values in Lakewood
- Homeowner costs in Lakewood
- Property taxes in Lakewood
- Types of homes in Lakewood
- Bedrooms in Lakewood
- Age of homes in Lakewood
- Heating fuel in Lakewood
- Commute and cars in Lakewood
- Crime reported to police in Lakewood
- Population growth in Lakewood
- How long people stay in Lakewood
- Crowding and facilities in Lakewood
- Fair Market Rent in Lakewood
- Ohio landlord and tenant rules
- Housing across Cuyahoga County
- Ohio places ranked by rental vacancy rate
- Housing data for every place in Ohio