Airbnb Market Analytics, Statistics and Data in Lakewood, Ohio, United States
Last updated: 2025-01-31
Looking to make more money with hosting or rental arbitraging Airbnbs, short-term rentals, vacation rentals in Lakewood? AirROI have just the data insights! Over the last twelve months from February 2024 to January 2025, we've uncovered key trends and opportunities that successful hosts are leveraging in Lakewood:
How much do Airbnb hosts make on average per month in Lakewood?
The short-term rental market in Lakewood shows distinct revenue patterns across different property tiers. Our analysis reveals that successful properties combine strategic pricing with quality management to maximize earnings potential. Market data demonstrates clear revenue differentiation among properties:
- Typical properties (median) earn $1,959 per month
- Strong performing properties (top 25%) make $3,035 or more
- Best-in-class properties (top 10%) achieve $4,463+ monthly
- Entry-level properties (bottom 25%) typically earn around $1,175
Revenue Variations by Month
Occupancy Rates Throughout the Year in Lakewood
The market in Lakewood shows distinct occupancy patterns influenced by seasonal trends and local dynamics. Properties that maintain high guest satisfaction scores and implement strategic pricing consistently achieve stronger occupancy rates. Current market data shows:
- Typical properties (median) maintain 46% occupancy rates
- Strong performing properties (top 25%) achieve 66% or higher
- Best-in-class properties (top 10%) reach 82%+occupancy
- Entry-level properties (bottom 25%) average around 28%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Lakewood
Daily rates in Lakewood vary based on seasonality, property quality, and market dynamics. Properties that effectively balance competitive pricing with strong amenities typically command higher rates. Market analysis shows the following rate structure:
- Typical properties (median) generate $114 per night
- Strong performing properties (top 25%) secure $154 or more
- Best-in-class properties (top 10%) pull in $222+ per night
- Entry-level properties (bottom 25%) earn around $85
Daily Rate Variations by Month
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Seasonality patterns in Lakewood
Peak Season (June, July, August)
- Revenue peaks at $3399.59 per month
- Occupancy rates reach 65.87%
- Daily rates average $152.41
Shoulder Season
- Revenue averages $2396.23 per month
- Occupancy maintains 47.34%
- Daily rates hold at $139.85
Low Season (February, December, January)
- Revenue drops to $1098.02 per month
- Occupancy decreases to 28.64%
- Daily rates adjust to $126.89
Is it still profitable to do Airbnb in Lakewood in 2025?
Yes! Lakewood demonstrates highly seasonal trends requiring strategic adaptation, featuring a healthy occupancy rate of 47% and solid monthly revenue averaging $2396 and The market's 163 active listings indicate growing demand with plenty of opportunity for new properties. There's also room for profit through rental arbitrage strategies, if you can identify competitively priced properties. To maximize your return on investment, consider employing the following strategies:
Peak Season Strategy
- Implement premium seasonal pricing strategies
- Set longer minimum stay requirements during high-demand periods
- Enforce stricter cancellation policies
Shoulder Season Strategy
- Maintain competitive market-based pricing
- Offer moderate-length stay incentives
- Target a mix of leisure and business travelers with flexible booking terms
- Focus on weekend getaway packages and mid-week business traveler promotions
Low Season Strategy
- Adjust pricing to remain competitive in the market
- Target different guest segments (business travelers, long-term stays, holiday visitors, event attendees, remote workers)
- Create targeted promotional campaigns to drive occupancy
Top Places to Start Airbnb in Lakewood
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Downtown Lakewood | The vibrant heart of Lakewood, offering a mix of trendy shops, restaurants, and nightlife. Ideal for young professionals and those looking for a lively atmosphere. | Lakewood Park, Wine & Beer Garden, Lakewood Public Library, The Beck Center for the Arts, Local Restaurants and Cafes |
| Lakewood Heights | A scenic area known for its charming residential streets and proximity to parks. Great for families and those seeking a quieter stay while still close to amenities. | Lakewood Park, The Rocky River Reservation, Local boutiques, Nearby schools and family-friendly activities |
| Birdtown | A historic neighborhood known for its charming bungalows and a strong sense of community. Attracts guests interested in a more local experience while being close to the city's offerings. | Birdtown's Historic Homes, Local parks, Community events, Dining options nearby |
| Southwest Lakewood | Home to several parks and recreational areas, this neighborhood offers a more suburban feel while still being close to shopping and dining. | Kauffman Park, Civic Center, Local restaurants, Shopping malls nearby |
| Lake Erie Waterfront | Offers beautiful views and recreational opportunities by the lake. Perfect for guests interested in outdoor activities and scenic beauty. | Lake Erie beaches, Fishing opportunities, Parks along the waterfront, Scenic walking or biking paths |
| Lakewood Suburbs | A peaceful area with charming homes, ideal for families looking for a safe and quiet stay while being a short drive to the city. | Local parks, Friendly neighborhoods, Community events, Easy access to public transit |
| Civic Center District | The area around the Civic Center, known for its public amenities and events. Attracts guests who are visiting for local events or seeking community experiences. | Civic Center, Local events and festivals, Nearby shopping options, Community parks |
| Rocky River and Bank of Rocky River | A picturesque area that borders Lakewood, offering a combination of natural beauty and suburban convenience. Ideal for nature lovers living and visiting the region. | Rocky River Reservation, Local trails, Waterfront activities, Nice dining options along the river |
Do you need a license for Airbnb in Lakewood?
We recommend checking directly with Lakewood's local government regarding short-term rental licensing requirements. Current market data shows limited licensing information (0% of listings), making it essential to verify current regulations before starting your Airbnb business.
Top Performing Airbnb Properties in Lakewood
The Lake House
Entire Place • 2 bedrooms
12 Person Grillin and Chillin Whole House Lakewood
Entire Place • 6 bedrooms
Entire Lakewood Duplex
Entire Place • 6 bedrooms
Lakewood House sleeps 16! Off street parking
Entire Place • 6 bedrooms
Mimosa House Cleveland
Entire Place • 2 bedrooms
Lakewood Entire Home! Sleeps 10!
Entire Place • 4 bedrooms
Top Performing Professional Hosts in Lakewood
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Kyle And Alo | 7 | $266,685 | 1528 | 4.88/5.0 |
| Billy | 13 | $262,002 | 551 | 4.07/5.0 |
| Cory | 7 | $231,171 | 272 | 4.94/5.0 |
| HomeHop | 7 | $180,911 | 85 | 4.11/5.0 |
| Maureen | 3 | $162,677 | 57 | 4.92/5.0 |
| Kate | 5 | $147,149 | 503 | 4.84/5.0 |
| Maureen | 3 | $147,143 | 68 | 4.96/5.0 |
| Kyle | 1 | $145,459 | 30 | 4.87/5.0 |
| Kayleen | 3 | $118,908 | 128 | 4.92/5.0 |
| Joshua | 3 | $101,758 | 423 | 4.95/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in Lakewood
AirROI also have other key metrics and comprehensive data for your vacation rental, real estate needs. Go explore the advanced metrics that can help you make informed decisions:
Room Type Distribution
Property Type Distribution
Key Insights
- Market dominated by entire home listings (95.7%), with apartment & condo and house properties comprising 97.6% of inventory
- Untapped potential in others, boutique & hotels segments (2.4% combined)
Room Capacity Distribution
Analysis of 163 properties in Lakewood shows that 2 bedrooms properties are most prevalent, making up 41.7% of the market. The market tends to favor smaller properties, with 2 bedrooms and 1 bedroom together representing 75.5% of all listings.
Key Insights
- Most common: 2 bedrooms (41.7%)
- Least common: 5+ bedrooms (4.3%)
- Market concentration: 75.5% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 163 properties in Lakewood reveals that 4 guests properties dominate the market, representing 33.7% of all listings. The average property accommodates 4.2 guests, with a clear trend towards larger guest capacities. Properties accommodating 4 guests and 2 guests make up 54.0% of the market.
Key Insights
- Most common capacity: 4 guests (33.7% of market)
- Least common capacity: 1 guest (0.6% of market)
- Average guest capacity: 4.2 guests per property
- Market concentration: 54.0% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 163 properties in Lakewood, the most common availability pattern is 181-270 days (35% of properties). For actual bookings, properties most frequently secure bookings for 181-270 days (35.6% of properties).
Key Insights
- Most common availability window: 181-270 days (35%)
- Most common booking duration: 181-270 days (35.6%)
- Properties with high availability (180+ days): 54.6%
- Properties with long-term bookings (180+ days): 47.9%
Minimum Stay Distributions
1 Night
55 listings
38.2% of total
2 Nights
40 listings
27.8% of total
3 Nights
20 listings
13.9% of total
4-6 Nights
1 listings
0.7% of total
7-29 Nights
11 listings
7.6% of total
30+ Nights
17 listings
11.8% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 66.0%
- Mid-length stays (4-6 nights) represent 0.7% of listings
- Monthly+ stays (11.8%) suggest a stable extended-stay market
- High market flexibility with 79.9% accepting 3 nights or less
Recommendations
- Set minimum stays between 2-3 nights to align with market standards
- Adjust minimum stays seasonally based on demand patterns
- Consider monthly stay discounts to capture the growing extended-stay market
- Implement different minimum stays for weekends vs. weekdays
Cancellation Policy Distribution
Super Strict 60 Days
6 listings
4.3% of total
Super Strict 30 Days
1 listings
0.7% of total
Flexible
34 listings
24.1% of total
Moderate
28 listings
19.9% of total
Firm
34 listings
24.1% of total
Strict
38 listings
27% of total
Key Insights
- Strict is the preferred policy at 27.0% of listings
- The market shows a balanced distribution between guest-friendly (44.0%) and strict (51.1%) policies
- Strong market consensus around Strict policies
- Super Strict 30 Days policies are least common at 0.7% of listings
Recommendations
- Market supports various policies - choose based on your property type and target guests
- Strong market preference for Strict policies suggests this should be your baseline
Booking Lead Time Trends
Key Insights
- Peak booking lead times occur in Apr, Jul, Jun, averaging 60 days
- Shortest booking windows are in Oct, Mar, Jan, averaging 23 days
- Spring shows the longest average booking window at 45 days, while Winter has the shortest at 28 days
Recommendations
- Implement dynamic pricing strategies for Spring bookings at least 45 days in advance
- Consider early bird discounts during Winter to encourage longer lead times
- Focus on last-minute booking promotions during Oct-Jan when lead times are shortest
Popular Airbnb Amenities in Lakewood
Below is the distribution of amenities across listings in Lakewood:
Traveler Demographics
Key Insights
- Domestic travelers make up 94.8% of total guests, indicating a dominant local market share.
- Primary international markets: Canada (2.3%) and DC (1.1%)
- English is the top language at 83%, followed by Spanish (9.6%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 6.4%
Recommendations
- Target marketing campaigns for Cleveland and Columbus markets
- Develop localized content for Canada and DC
- Prioritize English and Spanish language support
- Tailor experiences for Pre-1950s (Silent Gen) while maintaining broad age appeal
- Implement seasonal promotions aligned with key market travel patterns
Nearby Markets
Explore short-term rental performance in markets surrounding Lakewood. These nearby markets offer diverse opportunities for property investors and hosts:
| Market | Properties | Monthly Revenue | Daily Rate | Occupancy |
|---|---|---|---|---|
| Huron Township | 15 | $8,224 | $517.80 | 43% |
| Berlin Township | 11 | $5,242 | $361.55 | 43% |
| Marblehead | 10 | $5,121 | $475.79 | 46% |
| Peninsula | 15 | $4,799 | $306.64 | 52% |
| Hudson | 12 | $4,340 | $264.64 | 61% |
| Huron | 123 | $4,280 | $356.25 | 42% |
| Sewickley | 14 | $4,018 | $203.26 | 68% |
| Harrison Township | 22 | $3,980 | $245.36 | 51% |
| Troy Township | 13 | $3,966 | $256.32 | 48% |
| Sugarcreek | 56 | $3,918 | $211.30 | 50% |
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