Lakewood, OH Airbnb Market Data, Statistics, and Occupancy Rates

Lakewood Short-Term Rental Market Overview

Lakewood, OH is a compact suburban market just outside Cleveland with 80 active Airbnb listings and an average annual revenue of $18,736 per property. With an average daily rate of $118—well below the $250 Ohio state average—the market offers accessible entry pricing, though a 25% occupancy rate signals that hosts need to be strategic about pricing and property selection. A 120% year-over-year growth in listings highlights rising investor interest, making selective deal sourcing essential to stand out.

Key Market Statistics

According to Rabbu market data, the Lakewood short-term rental market shows:

Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.

Why Investors Consider Lakewood

Lakewood appeals to investors seeking affordable entry into the greater Cleveland short-term rental market, though rising competition demands careful property selection and strong operational execution.

Expert Market Assessment

"Lakewood presents a competitive but nuanced opportunity for STR investors. The market's 51/100 ROI score reflects average revenue-to-price ratios and occupancy stability, paired with below-average supply/demand balance—meaning the rapid influx of new listings is outpacing demand growth. Seasonality is pronounced: July peaks near $2,185 in average monthly revenue while January dips to just $807, so investors should plan for lean winter months. Larger properties clearly outperform, with 4-bedroom units generating more than double the annual revenue of 1-bedrooms, suggesting that investors who target the right property size and deliver standout guest experiences can still carve out solid returns."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Lakewood

Average revenue by month in Lakewood

Lakewood shows strong seasonality, with July ($2,185) and August ($2,172) delivering peak revenue roughly 2.7 times January's low of $807. The summer surge and a modest fall shoulder (October at $1,761) suggest investors should price aggressively in warm months and budget for significantly reduced winter income.

Active Airbnb listings by property size in Lakewood

Two-bedroom listings dominate supply with 36 of the 80 active properties, followed by 27 one-bedrooms, while only 8 four-bedroom units are listed. The scarcity of larger properties relative to their superior revenue performance could represent an underserved niche worth targeting.

Average daily rate (ADR) by property size in Lakewood

ADR roughly doubles from 1-bedroom ($92) to 4-bedroom ($200) listings, with 2-bedrooms at $107 offering a moderate step up. The 4-bedroom premium is substantial, and given that these larger units also see higher occupancy, the rate-to-cost trade-off appears strongest at the upper end of property size.

Average RevPAN by property size in Lakewood

RevPAN jumps dramatically with size: 4-bedroom properties earn $75 per available night compared to just $26 for 2-bedrooms and $18 for 1-bedrooms. This more than 4× gap between the smallest and largest configurations underscores that bigger properties capture both higher rates and better occupancy in this market.

Average occupancy rates by property size in Lakewood

Four-bedroom listings lead occupancy at 38%, nearly double the 20% rate for 1-bedroom units, with 2-bedrooms in between at 25%. The pattern suggests that larger properties attract steadier bookings—possibly from families and groups—while smaller units face stiffer competition and more inconsistent demand.

Average monthly revenue by property size in Lakewood

Monthly revenue climbs sharply with size: 4-bedroom properties average $3,102 per month, roughly 2.7× the $1,168 earned by 1-bedroom listings and nearly double the $1,631 for 2-bedrooms. For investors seeking meaningful monthly cash flow, larger properties clearly deliver a step-change in income potential.

Average annual revenue by property size in Lakewood

Four-bedroom properties generate $37,224 in average annual revenue, outpacing 2-bedrooms ($19,575) by 90% and 1-bedrooms ($14,017) by over 165%. With average home values near $397K, the 4-bedroom segment offers the strongest revenue-to-investment ratio for hosts willing to operate a larger property.

Most common amenities for Airbnb listings in Lakewood

Kitchens (99%) and parking (96%) are virtually standard, while self check-in (90%) and a dedicated workspace (73%) round out the top four—pointing to a guest base that values convenience and flexibility. Differentiators like hot tubs (4%) and lake access (5%) are rare, potentially offering standout appeal for listings that can add these features.

Understanding Lakewood's ROI Score: 51/100

Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.

How the ROI Score is Calculated

What This Means for Investors

Lakewood's ROI score of 51 out of 100 places it in the 'Competitive Opportunity' band, meaning the market has genuine demand but requires more thoughtful property selection to achieve attractive returns. Revenue-to-price ratios and occupancy stability both rate as average, while the supply/demand balance scores below average—a reflection of the 120% year-over-year listing growth outpacing demand. Pairing this data with thorough local regulatory research and a focus on higher-performing property types (like 4-bedrooms) will be key to finding deals that pencil out.

Short-Term Rental Regulations in Lakewood

Understanding local STR regulations is essential before investing in Lakewood. Here's the current regulatory landscape:

Permit Requirements

Short-term rental operators in Lakewood, Ohio may be required to obtain permits or register their property with the city before listing on platforms like Airbnb. Investors should verify current requirements directly with the City of Lakewood and Cuyahoga County authorities before purchasing a property.

Key Restrictions

Common STR restrictions in Ohio municipalities can include occupancy limits, minimum stay requirements, noise ordinances, and parking mandates. HOA rules may further limit or prohibit short-term rentals in certain neighborhoods, so it's important to review any covenants or community agreements that apply to a target property.

Tax Obligations

Ohio typically requires STR operators to collect and remit lodging taxes, which may include state sales tax and local transient occupancy taxes. Many booking platforms handle tax collection automatically, but hosts should confirm compliance with both state and Cuyahoga County requirements.

Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Lakewood can provide current regulatory guidance.

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Lakewood's STR market is likely to see continued supply growth given the 120% year-over-year listing increase, which could put additional pressure on occupancy rates already sitting below the state average. Seasonal demand should remain concentrated in summer, with July and August revenue roughly 2.5–2.7× what hosts earn in January, so investors should budget for meaningful off-season softness. ADR may hold steady or inch up 1–3% as the market matures, but revenue gains will depend more on occupancy improvements than rate increases. Investors targeting larger properties—particularly 4-bedrooms—are better positioned to capture group and family travel demand that appears underserved."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Lakewood, OH

What is the average Airbnb occupancy rate in Lakewood?

The average Airbnb occupancy rate in Lakewood, OH is currently 25%, which falls below the Ohio state average of 34%. Occupancy varies considerably by property size: 1-bedroom listings average 20%, 2-bedrooms sit at 25%, and 4-bedroom properties lead at 38%. Investors targeting larger homes can expect meaningfully better occupancy performance.

How much do Airbnb hosts make in Lakewood?

Airbnb hosts in Lakewood earn an average of $1,561 per month, which works out to approximately $18,736 per year based on trailing 12-month data. Revenue varies significantly by property size—1-bedroom units average $14,017 annually, 2-bedrooms bring in around $19,575, and 4-bedroom properties top the market at $37,224 per year.

Is Lakewood a good market for Airbnb investment?

Lakewood scores a 51 out of 100 on Rabbu's ROI Score, placing it in the 'Competitive Opportunity' tier. While investor interest is strong and average home values around $397K offer reasonable entry costs, the 25% occupancy rate and rapid supply growth (120% year-over-year) mean that success here depends on choosing the right property type and running a well-optimized listing. Larger properties, particularly 4-bedrooms, significantly outperform smaller units in both occupancy and revenue.

What is the average daily rate (ADR) for Airbnb in Lakewood?

The average daily rate for Airbnb listings in Lakewood is $118, which is well below the $250 Ohio state average. ADR scales with property size: 1-bedroom listings average $92, 2-bedrooms come in at $107, and 4-bedroom properties command $200 per night. The relatively modest ADR reflects Lakewood's positioning as an affordable, suburban market near Cleveland.

Are short-term rentals legal in Lakewood?

Short-term rentals are generally permitted in Lakewood, OH, though operators may need to obtain local permits or registration. Regulations can vary and may include occupancy limits, noise restrictions, and parking requirements. We recommend verifying the latest rules with the City of Lakewood and checking any HOA restrictions before purchasing an investment property.

When is peak season for Airbnb in Lakewood?

Peak season for Airbnb in Lakewood runs from June through August, with July delivering the highest average monthly revenue at $2,185 and August close behind at $2,172. The off-season low hits in January at $807, making the peak-to-trough spread roughly 2.7×. Fall shoulder months like October ($1,761) and November ($1,671) hold up reasonably well before revenue dips heading into winter.

How many Airbnbs are there in Lakewood?

Lakewood currently has 80 active Airbnb listings. The supply has grown significantly, with a 120% year-over-year increase in active listings. The majority of inventory is concentrated in 1-bedroom (27 listings) and 2-bedroom (36 listings) properties, with only 8 four-bedroom listings—suggesting potential opportunity in the larger property segment.

How is Airbnb revenue calculated in Lakewood?

The annual and monthly revenue figures for Lakewood are derived from the trailing 12 months of historical booking performance for active comparable Airbnb listings in the market—not a forward-looking projection. We average each comparable listing's actual revenue per available night (RevPAN) by month over the past year, remove regional outliers, and roll the remainder up to a market-level historical average. This approach anchors the figures to what hosts have actually earned recently rather than to forecasts, while still naturally reflecting seasonal peaks and slower months because each month uses its own historical performance. Individual results can vary based on property quality, pricing strategy, and operational management.

About Rabbu Market Data

Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.

What this data includes

• Regularly updated active Airbnb and STR listing counts for the Lakewood, OH market
• Average daily rate, occupancy, and RevPAN trends across property sizes
• Monthly and annual revenue estimates based on trailing 12-month booking data
• Home value benchmarks sourced from Zillow Home Value Index (ZHVI)
• Supply composition and popular amenity data for competitive analysis

Sources and disclaimers

Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing performance through April 2026 and may not capture very recent market shifts. Local regulations, HOA rules, and tax requirements vary and should be independently verified before investing.