Lakewood, Ohio Short-Term Rental Market
Lakewood Ohio short-term rentals average $160 ADR, 61.9% occupancy and $2,730 monthly revenue in September 2026.
Quick Answer: Lakewood, Ohio is an active short-term rental market. average occupancy in the Cleveland market area is 62%. average monthly revenue in the Cleveland market area is $2,730. average daily rate in the Cleveland market area is $160. the top operator in the Cleveland market area is HomeHop with 72 listings. market score is 93/100 (grade A).
Market data reflects the Cleveland regional market, which includes Lakewood. Regulations, taxes, and permit details below are specific to Lakewood.
Market Score Breakdown
Five dimensions StaySTRA evaluates per market.
Market Overview
As of September 2026, the Lakewood, Ohio short-term rental market averages an ADR of $160, occupancy of 61.9% and revenue of $2,730 per listing per month. Lakewood is a dense inner-ring suburb of 49,517 residents directly west of Cleveland on Lake Erie. It is not a standalone resort destination. Demand comes mostly from regional travelers in Northeast Ohio and from guests who want affordable lodging near downtown Cleveland events. Local draws include Lakewood Park and the Solstice Steps, the Beck Center for the Arts, the Detroit Avenue dining and nightlife corridor, and Mahall’s. No Lakewood-specific annual visitor count is published, because tourism is tracked at the Cuyahoga County level.
The Lakewood area STR market is large, with about 5,934 tracked listings. Entire places make up 5,061 of them (85.3%), private rooms 861 and shared rooms 12. By size, 2,410 are one-bedroom, 1,750 two-bedroom, 1,093 three-bedroom, 439 four-bedroom and 223 five-bedroom. On channels, 3,393 list on Airbnb only, 255 on Vrbo only and 2,286 on both platforms.
Year over year, occupancy is up 10.8%, ADR is up 5.7% and revenue is up 13.3%. The longer record points the same direction. Average monthly revenue per listing was $1,310 in 2017, $2,365 in 2025 and $2,576 for the first nine months of 2026. StaySTRA market scores rate Lakewood 93.2 overall, with investability at 95.0, rental demand at 86.4, seasonality at 81.5, regulation at 70.7 and revenue growth at 60.0.
Seasonal Patterns
| Month | Occupancy |
|---|---|
| Jan | 47% |
| Feb | 55% |
| Mar | 55% |
| Apr | 56% |
| May | 61% |
| Jun | 68% |
| Jul | 70% |
| Aug | 67% |
| Sep | 60% |
| Oct | 59% |
| Nov | 55% |
| Dec | 53% |
Month-by-month nightly rates and revenue figures for Lakewood are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Top Short-Term Rental Operators in Cleveland market area
Ranked by total active listings. Useful for understanding the competitive landscape. Operator data is published for the Cleveland market as a whole, which includes Lakewood, so these counts are not Lakewood-only figures.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | HomeHop | 72 | 3,280 | ★ 4.82 |
| 2 | AMH Rental Properties | 67 | 5,030 | ★ 4.87 |
| 3 | Evolve | 61 | 1,559 | ★ 4.56 |
| 4 | One Stone Property Group | 60 | 3,837 | ★ 4.76 |
| 5 | Hostpros, LLC | 57 | 6,608 | ★ 4.81 |
What Kind of STR Should I Buy in Lakewood?
Revenue and nightly-rate breakdowns by bedroom count, property tier, and dwelling type for Lakewood are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 57.2% |
| vrbo | 4.3% |
| both | 38.5% |
Home Value Trends (Lakewood)
Typical home values, median sale prices, and the 10-year price trend for Lakewood are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Insights
Booking-window and length-of-stay analysis for Lakewood — how far ahead guests book and how to price around it — is available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Short-Term Rental Regulations
As of the latest available information, Lakewood has no short-term rental ordinance in force. Short-term rentals are permitted, no STR permit is required, and there is no owner-occupancy or primary residence requirement. No maximum number of nights per year applies, and enforcement severity is rated none or unregulated. A specific occupancy tax rate and permit cost are not published for Lakewood, so check with the city and the state before you list.
A stricter framework has been proposed but not adopted. Ordinance 23-2025 was introduced as an emergency measure on the July 21, 2025 City Council agenda. It would create Sections 783 and 1161.03(cc) of the Lakewood Codified Ordinances, with a Short Term Rental Permit from the Building Department, renewed annually, and conditional use approval in residential districts. It would also require the rental to be the primary residence of the owner or a permitted long-term tenant, allow one STR listing per parcel, cap occupancy at two persons per bedroom plus two, and require a local responsible party to answer complaints within one hour.
City Council deferred the ordinance and treated the draft as a placeholder while it conducts more outreach to operators and neighbors. No regulatory text has been adopted. If a version of the proposal passes, it would effectively end non-owner-occupied, whole-home investor rentals in residential districts. Investors should monitor Council agendas and confirm current rules with the Lakewood Building Department before buying.
Market Comparison
Lakewood shows a demand-led profile. Occupancy of 61.9% paired with a $160 ADR produces $2,730 in average monthly revenue.
The market is also more competitive than its rates suggest. Rate growth of 5.7% and occupancy growth of 10.8% year over year show demand is outpacing price increases, which leaves room for ADR to continue rising.
The largest professional operators in the Lakewood area STR market are HomeHop with 72 listings, AMH Rental Properties with 67, Evolve with 61, One Stone Property Group with 60 and Hostpros, LLC with 57. Together they manage 317 listings, about 5.3% of the 5,934 tracked, so the market remains fragmented and individual owners hold most of the supply. Their ratings range from 4.56 to 4.87 stars, which sets the quality bar new hosts must meet to compete.
Frequently Asked Questions About Lakewood, Ohio
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