Lakemore, OH — Rental Investment Analysis
🟢GOOD— solid returnsData: HUD FMR FY2024 + Zillow ZHVI April 2026 + Freddie Mac rates. Last updated June 2026.
Investment Summary
As of 2026, Lakemore, OH offers a 7.4% cap rate with median home prices of $146,570 and 3-bedroom rents of $1,280/month.
Lakemore offers solid returns for rental investors. With a median home price of $146,570, entry costs are low — making it accessible for beginning investors or those buying multiple properties. With 3-bedroom rents around $1,280/month, the 7.4% cap rate tells the story. Cash flow is modest at +$62/month — positive but tight. Rate increases or vacancies could flip it negative.
The 1% rule comes in at 0.92% — doesn't quite pass, but close enough to find individual deals that work. DSCR of 1.16 is tight — you'll pass most lender minimums but with little margin for error.
Bottom line: Buy here if you want reliable monthly income. Lakemore is a cash flow market — don't expect rapid appreciation, but the checks come in every month.
Data sources: HUD Fair Market Rents (FY2024), Zillow Home Value Index (April 2026), Freddie Mac Primary Mortgage Market Survey.
Cap Rate
7.4%
Above average
Monthly Cash Flow
+$62
After all expenses
Price-to-Rent
9.6
Investor-friendly
DSCR
1.16
Tight
Key Metrics
- Median Home Price
- $146,570
- Average Rent (3BR)
- $1,280/mo
- Price-to-Rent Ratio
- 9.6(good)
- 1% Rule
- 0.92%(fails — need 1%+)
- Cash-on-Cash Return
- 4.4%
- Vacancy Rate
- 8.0%
Market Strength
- Unemployment Rate
- 3.9%(-0.4% vs national)
- Rent Growth (YoY)
- +2.9%(national avg)
- Population Growth
- -0.5% YoY
Property Tax Rate
1.53%
of assessed value (OH avg)
Median Income
$61,938
household (OH avg)
Rent-to-Income
24.8%
Affordable
Section 8 Max Rent
$1,280/mo
3BR voucher payment
OH Investor Climate
Landlord Friendly
7/10
State Income Tax
Has state tax
Property Tax
1.53% effective
Population Trend
-0.5% (3yr)