Question 1

Is Lakewood, OH or Lorain, OH cheaper to buy in?

Accepted Answer

Lorain, OH is cheaper. The median home price in Lakewood, OH is approximately $221,000 and in Lorain, OH it is approximately $98,300 — a difference of $122,700.

Question 2

Is Lakewood, OH or Lorain, OH more walkable?

Accepted Answer

Lakewood, OH is more walkable. Lakewood, OH has a Walk Score of 59/100 and Lorain, OH has a Walk Score of 27/100.

Question 3

Which has better schools, Lakewood, OH or Lorain, OH?

Accepted Answer

Lakewood, OH has higher-rated schools. Lakewood, OH has a school rating of 6.7/10 and Lorain, OH has a rating of 6.6/10.

Question 4

Should I live in Lakewood, OH or Lorain, OH?

Accepted Answer

Both neighborhoods have distinct trade-offs — review the data above to find your best fit.

Category	Lakewood, OH	Lorain, OH
Housing
Verdict	Good for now	Think twice
Median Price	$221K	$98K ✓ Lower price
Median Rent	$940	$840 ✓ Lower rent
Median Income	$63K ✓ Higher income	$41K
Price Volatility	Low ✓ More stable	Moderate
Getting Around
Walk Score	59/100 ✓ More walkable	27/100
Transit Score	4/100 ✓ Better transit	Minimal transit
Bike Score	65/100 ✓ More bikeable	N/A
Commute	16 min ✓ Shorter commute	30 min
Safety & Environment
Safety Grade	D+	D+
Violent Crime	Moderate	Moderate
Property Crime	Moderate	Moderate
Flood Risk	Low	Low
Air Quality	Moderate	Moderate
Community
Schools	6.7/10 ✓ Better schools	6.6/10
Best for	Young professionalsStudentsCleveland commuters	First‑time buyersRetirees on a budgetFamilies needing affordable housing

Lakewood, OH vs Lorain, OH

Bottom line