Eastlake, OH

Population: 18,564
Average annual home appreciation rate: 4.99%
Total of homes for sale in this market:
Median home price: $123,077
Median Rent: $654 per room
Home price range: 69.00% of homes are between $93,001 – $186,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 82.03% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 6.69%
Number of renters: 22.82%
Number of owner occupied: 77.18%
Number people living below poverty level: 6.52%
Unemployment rate: 6.40%
Is this area perfect for real estate deals going on right now? Eastlake could very well be what some call the “perfect storm” for real estate investors. Lower overall home prices, high rental rates, a recovering market appreciation rate, and multiple ‘troubled’ properties. Great opportunities for the savvy cash investor.

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