Lakemore, OH Profile: Facts & Data

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Lakemore, Ohio - Basic Facts

The Village of Lakemore had a population of 3,016 as of July 1, 2019. Lakemore ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Ohio. See peer rankings below.

The primary coordinate point for Lakemore is located at latitude 41.0209 and longitude -81.4359 in Summit County. The formal boundaries for the Village of Lakemore encompass a land area of 1.45 sq. miles and a water area of 0.21 sq. miles. Summit County is in the Eastern time zone (GMT -5). The elevation is 1,083 feet.

The Village of Lakemore (GNIS ID: 1087005) has a C2 Census Class Code which indicates an active incorporated place legally coextensive with a county subdivision but treated as independent of any county subdivision. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.


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  1. Lakemore 2019 Demographic Data
  2. Growth Rates for Lakemore (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Ohio Research Tools (Easy Tools & Current Data)
  3. Ohio Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Lakemore, OH Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Lakemore, OH Housing Affordability Index is 210
State of Ohio Housing Affordability Index is 156
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Lakemore, OH Wealth Index is 59
State of Ohio Wealth Index is 84
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

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  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Ohio COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 3,016 (100%)
Population in Households 3,008 (99.7%)
Population in Families 2,363 (78.3%)
Population in Group Quarters1 8 ( 0.3%)
Population Density 2,080
Diversity Index2 14
 

INCOME

Median Household Income $52,702
Average Household Income $62,640
Per Capita Income $25,613
Wealth Index4 59

HOUSING

Total Housing Units 1,374 (100%)
Owner Occupied HU 902 (65.6%)
Renter Occupied HU 322 (23.4%)
Vacant Housing Units 149 (10.8%)
Median Home Value $119,571
Housing Affordability Index3 210
 

HOUSEHOLDS

Total Households 1,225
Average Household Size 2.46
Family Households 802
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population -0.24% -0.1%
Households -0.15% -0.05%
Families -0.45% -0.2%
Median Household Income   3.16%
Per Capita Income   3.72%

Lakemore, OH - Peer Comparisons by Rank and Percentile

The table below compares Lakemore to the other 1,215 incorporated cities, towns and CDPs in Ohio by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 399 67th
Population Density # 244 80th
Diversity Index # 533 56th
Median Household Income # 689 43rd
Per Capita Income # 702 42nd

Additional comparisons and rankings can be made with a VERY EASY TO USE Ohio Census Data Comparison Tool.

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