44107, Lakewood, OH

Lakewood is a suburb of Cleveland, Ohio. The population was 97,856 as of the 2010 census. Lakewood is home to the Rock and Roll Hall of Fame and Museum, as well as the Cleveland Cavaliers basketball team's Quicken Loans Arena.

The median home value in Lakewood was $186,200 in December 2017 according to Zillow. This is above the statewide median home value of $146,600 and above the national median home value of $177,200. The average list price per square foot was $103 in December 2017 according to Zillow. This is below the statewide average list price per square foot of $123 and below the national average list price per square foot of $130.

The 44107 zip code has a higher than average percentage of homes with equity (57%) compared to other zip codes in Ohio (47%). Additionally, this zip code has a higher than average percentage of homes with mortgages (38%) compared to other zip codes in Ohio (31%). These two factors may be related; having more equity may allow homeowners to take on larger mortgages without feeling too much stress about their ability to pay them off in full.

Despite these high percentages, there are still many homeowners who are able to use their homes as collateral for loans that they can afford to pay off over time - even if they don't have all cash available at once. In fact, 43% of homeowners in this zip code have less than 20% down on their homes - indicating that they are not overly burdened by debt when it comes to their primary residence.

Overall, it seems that homeownership rates and home values are high in Lakewood - but there is still room for growth across all areas within this community!