83 / 100

Lake County, OH

RANK #170 / 996  ·  POP 232,236  ·  OH

PROJECTED GROWTH: +2.3%

Lake County ranks among the top U.S. counties across nearly every economic indicator.

[01] Why Lake County?

Headlands Beach State Park in Mentor, Ohio, stands out as the longest natural sand beach in the state, offering a mile of shoreline along Lake Erie. Lake County, Ohio's smallest county by land area, is situated just 25-30 minutes east of downtown Cleveland. The community offers a mix of suburban, small-town, and rural living options. Beyond the beaches, outdoor recreation includes 40 diverse Lake Metroparks with over 60 miles of trails, and the Holden Arboretum in Kirtland, featuring 3,600 acres of gardens and natural areas, including a canopy walk and emergent tower with Lake Erie views. Commute options to Cleveland are available via Laketran's Park-n-Ride service.

Life in Lake County often appeals to families and retirees seeking green space and a relaxed atmosphere. The economy has a diverse base, with over 600 manufacturing firms and nationally recognized nursery and wine industries. Public schools in Lake County are above average, and teachers' wages are among the highest in the state. Recent economic developments in the broader Lake to River region, which includes Lake County, have focused on advanced manufacturing and energy, with significant capital investments and job creation. The county also has a low percentage of residents living below the poverty line.

[02] Market Snapshot

Housing Ratio
3.6x

Undervalued relative to economy

GDP Growth
+3.1%

Above national median

Home Prices
+3.3%

Outpacing national median

Climate & Terrain
-0.4

Below-average climate & terrain

Price/Rent
12x

Strong rental yield

Housing looks undervalued at 3.6x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Lake County U.S. National

The Numbers

DEMOGRAPHICS
Population
232,236
+0.01% YoY
Median Household Income
$76,835
Median Home Value
$189,600
+3.28% 12mo
Median Rent
$1,027
Average Annual Pay
$59,040
+3.8% YoY
Employment
98,558
+0.8% YoY
Income-to-Home-Value
0.4052
More affordable than average
Migration Inflow
3.06%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$230,000
Days on Market
42
Moderate pace
Months of Supply
2.0
Seller's market
Sale-to-List Ratio
98.3%
Near asking price
Sold Above List
23.2%
Listings w/ Price Drops
22.5%
Building Permits (2024)
428
Single-Family Permits
402

Source: Redfin · Census BPS — Browse sales on Redfin →

[06] Score Breakdown

GDP Growth +3.1% 58 percentile
Population Growth +0.0% 30 percentile
Income Growth +9.5% 73 percentile
Vacancy Rate 0.6% 91 percentile
Home Price Change +3.3% 75 percentile
Rent Growth +5.1% 80 percentile
Price/Rent 12x 70 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Lake County, OH a good place to move to?

Lake County has a Boom Town Index score of 83/100, ranking #170 among 996 U.S. counties. With job growth at +0.8% and a median household income of $76,835, it's an above-average county on economic indicators.

Is Lake County affordable?

The median home value in Lake County is $189,600 with median rent at $1,027/month. The income-to-home-value ratio is 0.4052, which is more affordable than the national average.

Is Lake County growing or shrinking?

Population growth: +0.0% year-over-year. Job growth: +0.8%. Home values changed +3.3% in the past 12 months.

Are people moving to Lake County?

Yes — 3.06% of Lake County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Riley County, KS 93 Jackson County, IL 93 McHenry County, IL 93 Grady County, OK 93 Clark County, OH 93 Knox County, OH 93 Portage County, OH 93 Columbia County, WI 93