Lakewood Short-Term Rentals: Investor’s Guide to 2025 Trends
Located near the scenic Lakewood Park and the vibrant Beck Center for the Arts, Lakewood short-term rentals are attracting attention from STR investors seeking steady returns and growth potential.
Quick Takeaways
- Over 480 active vacation rental listings in Lakewood
- Average daily rate (ADR): $162/night
- Occupancy hovers around 66% annually
- 7% year-over-year STR revenue increase since 2024
- 12% average guest cancellation rate
- Tip: Furnishings and amenities are major revenue drivers
Why Investors Target Lakewood’s STR Market
Lakewood has become a magnet for investors thanks to steady tourist flows, proximity to Cleveland, and local draws like the Solstice Steps. Vacation rentals in Lakewood consistently deliver competitive ADR and occupancy rates. The city’s convenient location near Edgewater Park and Lake Erie also appeals to families and event-goers.
Navigating Lakewood’s Financials and Regulations
Occupancy rates in Lakewood remain stable, but STR owners should watch for city ordinance updates and taxes. Investors report reliable guest stays, even in off-peak months. Familiarizing yourself with Lakewood regulations and leveraging professional management boost returns for STR investing in Lakewood.
Guest Expectations and Revenue Trends
Modern guests expect smart key entry, premium linens, and curated local guides. Investors who invest in upscale touches—like coffee bars and bikes—see higher guest satisfaction and five-star ratings. As more travelers seek authentic Lakewood stays, hosts who meet these needs earn premium pricing.
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Market Insights: Growth and Threats
Year-over-year, revenue from Lakewood short-term rentals is up 7%. However, rising competition and seasonality make strategic pricing critical. Successful investors monitor metrics like cleaning fees and minimum stay settings to stay ahead. See available options on Airbnb.
Local Attractions Fueling High Demand
Major draws include the Beck Center for the Arts (https://www.beckcenter.org/), Lakewood Park (https://www.lakewoodoh.gov/park/lakewood-park/), and annual festivals like the Lakewood Summer Meltdown (https://www.lakewoodalive.org/summermeltdown/). These attractions ensure steady demand for vacation rentals in Lakewood, creating opportunities for both new and seasoned investors.
Thinking about your next investment property in Lakewood? Explore STR revenue data, local regulations, and guest preferences to build a winning strategy.
