Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 4,877, 2,425 total housing units (homes and apartments), and a median house value of $338,832, Lakeside Marblehead real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Lakeside Marblehead, accounting for 66.54% of the town's housing units. Other types of housing that are prevalent in Lakeside Marblehead include mobile homes or trailers ( 24.35%), row houses and other attached homes ( 3.05%), and a few large apartment complexes or high rise apartments ( 3.02%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lakeside Marblehead. Owner-occupied housing accounts for 83.37% of Lakeside Marblehead's homes, and 52.72% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Lakeside Marblehead built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lakeside Marblehead built between 1940-1969 ( 24.18%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.82%). There's also some housing in Lakeside Marblehead built before 1939 ( 15.00%).
A decent proportion of the Lakeside Marblehead housing stock is seasonally occupied. That is, homes and condos in Lakeside Marblehead are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Lakeside Marblehead housing market speaks to its popularity as a vacation location of choice.
Appreciation rates for homes in Lakeside Marblehead have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 103.51%, which ranks in the top 40% nationwide. This equates to an annual average Lakeside Marblehead house appreciation rate of 7.36%.
Appreciation rates are so strong in Lakeside Marblehead that despite a nationwide downturn in the housing market, Lakeside Marblehead real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lakeside Marblehead appreciation rates continue to be some of the highest in America, at 9.64%, which is higher than appreciation rates in 85.30% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lakeside Marblehead. Lakeside Marblehead appreciation rates in the latest quarter were at 1.38%, which equates to an annual appreciation rate of 5.64%.
Relative to Ohio, our data show that Lakeside Marblehead's latest annual appreciation rate is higher than 80% of the other cities and towns in Ohio.
$338,832
for Ohio
for nation
2,425
$1,407 / per month