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Foreclosure Homes in Lakemore, OH

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3rd-st-Lakemore-OH-44250
Preforeclosure

3rd St
Lakemore, OH 44250

3 Bed | 1 Bath | 1,218 Sq. Ft.

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Home Value Estimator For Lakemore, OH

There are currently 245 real estate properties in Lakemore, OH, with a median automated valuation model (AVM) price of $92,100.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lakemore, OH, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Lakemore, OH, is $115,396.00, with the most expensive house in Lakemore, OH, topping out at $331,500.00 and the cheapest home in Lakemore, OH, clocking in at $30,100.00. In other words, there’s something for every potential homebuyer or savvy investor in Lakemore, OH!


Rent Prices In Lakemore, OH

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lakemore, OH, is on a rollercoaster ride. The average rent price in Lakemore, OH, is $1,033.00. Indeed, when looking to rent in Lakemore, OH, you can expect to pay as little as $640.00 or as much as $1,550.00, with the average rent median estimated to be $1,010.00. The good news is that finding an affordable and desirable property to rent in Lakemore, OH -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.


Foreclosure Homes in Lakemore, OH

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Lakemore, OH area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Lakemore, OH and much more. Save thousands at closing with home foreclosure listings in Lakemore, OH — up to 75% off market value!


Top Reasons To Live In Lakemore, OH In 2021

Lakemore is located in Summit, Ohio, with an estimated municipal population of 3,072 residents. All of the best foreclosed homes for sale in Lakemore are located in the following zip code areas on Foreclosure.com: 44250 44312. The estimated population per square kilometer (.62 miles) in Lakemore is 817.


Cost Of Living In Lakemore, OH

So, about how much do homes cost in Lakemore? The most recent median value of resident-owned homes in Lakemore is 92,602. An estimated 81.6 percent of households in Lakemore own their homes, with an average family size of 2.78. The median household income in Lakemore is 46,537, with17.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Lakemore, the median commute time of resident workers (in minutes) is 23.4. And last, but certainly not least, are you looking for homes to rent in Lakemore? If so, the average rent price paid by renters in Lakemore is 776, according to recent statistics.


Diversity And Demographics In Lakemore, Ohio

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Lakemore, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Lakemore is 46.6, split between 48.7 percent male versus 51.3 female. The percentage of residents who report being married in Lakemore is 49.3, with an average family size of 2.78.

The percentage of residents who report their race in Lakemore is as follows:

White 88.5%
Black / African American 5.1%
Asian 3.5%
American Indian / Alaskan Native 1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.9%
Other 0%

Looking for family-friendly neighborhoods in and/or near Lakemore? Or maybe you are searching for 55+ active adult communities in and/or near Lakemore?

The percentage of residents who report their age in Lakemore is as follows:

Under 10 8%
Aged 10-19 10.5%
20s 12.8%
30s 10.5%
40s 12.7%
50s 14.2%
60s 13%
70s 11.3%
80+ 7%

Best Schools In Lakemore, Ohio

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Lakemore with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Lakemore.


Pros And Cons Of Living In Lakemore, Ohio

How do you know that living in -- or moving to -- Lakemore is right where you need to be? Perhaps you grew up in Lakemore or already live nearby; therefore, the decision to buy a home in Lakemore is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Lakemore for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Lakemore:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Lakemore.


Reasons To Move To Lakemore, Ohio, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Lakemore can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Lakemore, meanwhile, can field multiple offers from more qualified buyers.

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Listing types in Lakemore, OH

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