HomeOhioCuyahoga CountyLakewood city
Lakewood city, Ohio: commercial real estate data.
Lakewood city is a Census city of 50,007 people across 5.54 square miles of land, in Cuyahoga County. Median household income is $68,954, 44.4 percent of occupied homes are owned, and the SBA record carries 103 7(a) approvals to borrowers here worth $28.1 m.
81 sourced place values · tier FULL · 9 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Lakewood
What Lakewood is
- Census place typecity
- Land area5.54 sq mi
- Water area1.15 sq mi
- Population per square mile of land9,022
- County holding the largest share of its areaCuyahoga County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lakewood
How many people live in Lakewood
- Population50,007
- Median age35.5
- Population under 187,149
- Share under 1814.3 percent
- Population 65 and over7,638
- Share 65 and over15.3 percent
- Households26,876
- Family households9,743
- Share of households that are families36.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lakewood
Income and work in Lakewood
- Median household income$68,954
- Per capita income$52,111
- Civilian labor force32,554
- Employed30,920
- Unemployed1,634 plus or minus 403
- Unemployment rate5.0 percent plus or minus 1.2
- Adults 25 and over38,306
- Adults 25 and over with a high school diploma or higher95.7 percent
- Adults 25 and over with a bachelor degree or higher55.3 percent
- Adults 25 and over with a graduate degree19.8 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lakewood
Housing in Lakewood
- Housing units29,105
- Occupied units26,876
- Vacant units2,229
- Vacancy rate7.7 percent
- Owner occupied11,927
- Renter occupied14,949
- Ownership rate44.4 percent
- Median owner-occupied home value$262,200
- Median gross rent, monthly$1,070
- Annual rent as a share of median income18.6 percent
- Single family units11,749
- Share single family40.4 percent
- Units in buildings of two or more17,331
- Share in buildings of two or more59.5 percent
- Mobile homes25 plus or minus 26
- Median year structure built1938
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lakewood
How Lakewood gets to work
- Workers 16 and over who commute23,847
- Commuting under 15 minutes5,910
- Share commuting under 15 minutes24.8 percent
- Commuting 30 minutes or more6,447
- Share commuting 30 minutes or more27.0 percent
- Drove alone67.0 percent
- Carpooled5.6 percent plus or minus 1.2
- Public transport1.6 percent plus or minus 0.5
- Walked2.7 percent plus or minus 0.6
- Worked from home21.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lakewood
SBA loans in Lakewood (7(a))
- Approvals103
- Gross approval$28,076,600
- Average approval$272,588
- Median approval$115,500
- Ninetieth percentile approval$632,000
- Largest approval$3,021,000
- Jobs supported1,052
- Jobs per approval10.2
- Loans with a final outcome19
- Paid in full16
- Charged off3
- Charge-off rate over resolved loans15.8 percent
- Median term120 months
- Share on real estate terms of 20 years or more13.6 percent
- Share to franchises9.7 percent
- Distinct lenders17
- Distinct industries by NAICS50
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Lakewood
SBA loans in Lakewood (504)
- Approvals9
- Gross approval$7,232,000
- Average approval$803,556
- Median approval$494,000
- Largest approval$3,675,000
- Jobs supported89
- Loans with a final outcome0
- Charged off0
- Median term240 months
- Distinct CDCs3
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Lakewood
Flood risk in Lakewood
- Listed NFIP communities1
- Of those, participating1
- NFIP community number390112
- Currently effective map date08/15/19
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Cuyahoga County, not Lakewood
Cuyahoga County context, not Lakewood figures
These are Cuyahoga County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Lakewood measurements.
- Establishments in Cuyahoga County31,496
- Employment at those establishments, Cuyahoga County681,543
- Covered employment, Cuyahoga County705,152
- Average annual pay, Cuyahoga County$75,134
- Average weekly wage, Cuyahoga County$1,445
- Housing units permitted, Cuyahoga County1,685
- Of those, single family, Cuyahoga County663
- County product, 2024, Cuyahoga County$135,913,887,000
- County product change over the prior year, Cuyahoga County5.1 percent
- Average income of an arriving household, Cuyahoga County$70,762
Every figure in this section is published for Cuyahoga County as a whole and is not a measurement of Lakewood. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Lakewood questions, answered from the record.
How many people live in Lakewood, Ohio?
50,007, in 26,876 households. Lakewood city covers 5.54 square miles of land, which is 9,022 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Lakewood in?
Cuyahoga County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Lakewood?
$68,954. The median owner-occupied home is valued at $262,200. Median gross rent is $1,070 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Lakewood businesses?
103 7(a) approvals totalling $28.1 m, across 17 lenders, median approval $115,500, plus 9 504 approvals worth $7.2 m. These count approvals to borrowers whose address is in Lakewood, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Lakewood borrowers get paid back?
Of the 19 loans that have reached a final outcome, 16 were paid in full and 3 charged off, a charge off rate of 15.8 percent. Loans still running are excluded because they have not yet succeeded or failed.
Is Lakewood in the National Flood Insurance Program?
Yes. Lakewood appears in the FEMA Community Status Book as community 390112, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Lakewood figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Cuyahoga County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Lakewood.
Is zoning published for Lakewood?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.