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 4,842 people, 2,527 houses or apartments, and a median cost of homes of $361,584, 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 64.88% of the town's housing units. Other types of housing that are prevalent in Lakeside Marblehead include mobile homes or trailers ( 26.38%), row houses and other attached homes ( 3.58%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.72%).
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 88.30% of Lakeside Marblehead's homes, and 51.68% 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 2000 and later ( 23.86%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.30%). There's also some housing in Lakeside Marblehead built before 1939 ( 13.54%).
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.
Lakeside Marblehead's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lakeside Marblehead during the period has been just 5.76%, which is lower than 70% of US communities.
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 6.78%, which is higher than appreciation rates in 92.68% 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 -0.85%, which equates to an annual appreciation rate of -3.36%.
Relative to Ohio, our data show that Lakeside Marblehead's latest annual appreciation rate is higher than 90% of the other cities and towns in Ohio.
$361,584
for Ohio
for nation
2,527
$1,209 / per month