Lakemore, OH
Population 2,917 · Ohio
About Lakemore, OH
Lakemore is a small town located in Ohio with a population of 2,917 residents according to the latest US Census Bureau American Community Survey data. The median household income is $54,836 per year, which is 27% below the national median of $75,149. The median age of 51.2 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Lakemore features a median home value of $143,700, which is 41% below the national median of $244,900. This makes Lakemore one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,073, 8% below the national average of $1,163/month. Of the 1,476 total housing units, 83% are owner-occupied (1,076 units) and 17% are renter-occupied (225 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lakemore shows an unemployment rate of 5.1%, which is near the national rate of 3.7%. The poverty rate stands at 5.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lakemore have an average one-way commute time of 20.6 minutes.
Education & Demographics
7.3% of Lakemore residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 2.4% Hispanic or Latino, 0.7% Black or African American, and 2.1% Asian residents, with 0.8% of the population being foreign-born.
Cost of Living in Lakemore, OH
Compared to national averages, Lakemore has a median household income of $54,836 (27% below the national median of $75,149). Home values average $143,700, which is 41% below the national median. Monthly rent at $1,073 is 8% below the US average of $1,163. Within Ohio, Lakemore's income is 24% below the state average of $71,814, and home values are 18% below the state median of $174,449.
Why Live in Lakemore, OH?
Lakemore offers affordable housing with a median home value of $143,700, below the US average of $244,900, and rent that’s lower than the national average at $1,073/month, and a low poverty rate of 5.4%, better than the national average. Additionally, the city features short commute times averaging just 20.6 minutes.
Potential considerations include median household income ($54,836) that falls below the national average. However, Lakemore’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lakemore has a population of 2,917 with a median age of 51.2 years. Compare Lakemore with other cities to see how it stacks up, or explore all cities in Ohio.
Similar Cities Near Lakemore
Cities in Ohio with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Mount Gilead | 2,909 | $49,536 | $156,200 | Compare |
| Versailles | 2,934 | $69,103 | $193,200 | Compare |
| Baltimore | 2,970 | $58,322 | $198,500 | Compare |
| Richville | 2,971 | $70,274 | $166,700 | Compare |
| Arcanum | 2,850 | $52,380 | $147,300 | Compare |
| Sabina | 2,842 | $45,957 | $92,600 | Compare |
| North Zanesville | 2,836 | $104,725 | $235,500 | Compare |
| West Union | 2,832 | $29,934 | $118,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Ohio
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lakemore With Other Cities
Frequently Asked Questions about Lakemore
What is the population of Lakemore, OH?
The population of Lakemore, OH is 2,917 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Ohio.
What is the median household income in Lakemore?
The median household income in Lakemore, OH is $54,836 per year, which is 27% below the national median of $75,149.
What is the median home value in Lakemore?
The median home value in Lakemore, OH is $143,700, which is 41% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lakemore?
The median monthly rent in Lakemore, OH is $1,073, which is 8% below the national average of $1,163/month.
What is the unemployment rate in Lakemore?
The unemployment rate in Lakemore, OH is 5.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lakemore, OH a good place to live?
Lakemore offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,917 and a median age of 51.2, the city appeals to established professionals and retirees.
How educated is Lakemore, OH?
7.3% of residents in Lakemore aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Lakemore?
Key cost-of-living indicators for Lakemore, OH: median home value is $143,700 (41% below national), median rent is $1,073/month, and median household income is $54,836. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lakemore?
The poverty rate in Lakemore, OH is 5.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lakemore, OH?
Lakemore's population is 0.0% White, 2.4% Hispanic or Latino, 0.7% Black or African American, 2.1% Asian, and 2.6% two or more races. 0.8% of residents are foreign-born.