Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 398,696 ↑ 3.8% since 2020 |
| Median Household Income | $69,956 6% below national median |
| Median Home Value | $287,900 |
| Unemployment Rate | 5.1% |
| Median Age | 46.7 years |
| Housing Vacancy Rate | 12.7% |
| Total Land Sales (Past 12 Months) | 70 transactions |
| Active Listings | 82 properties |
| Avg Days on Market | 404 days |
Rural Land Sales (1+ Acres) (Mar 2025 – Mar 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $18,018 |
| Recent Sales | 47 transactions |
| Avg Days on Market | 187 days |
| Avg Parcel Size | 11.62 acres |
| Active Listings | 28 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Address | City |
|---|---|---|---|---|---|
| Mar 2026 | 2.80 | $99,000 | $35,357 | Chardon Rd | Willoughby |
| Feb 2026 | 17.07 | $435,000 | $25,483 | 6600 Vrooman Rd | Painesville |
| Feb 2026 | 1.50 | $35,000 | $23,333 | Painesville Warren Rd | Painesville |
| Feb 2026 | 3.11 | $102,000 | $32,774 | Brockway Rd | Thompson |
| Jan 2026 | 3.60 | $150,000 | $41,667 | 6494 S Cedarwood Rd | Mentor |
| Jan 2026 | 3.16 | $70,000 | $22,152 | Vacant Land Painesville Warren Rd | Painesville |
| Jan 2026 | 16.40 | $300,000 | $18,293 | Townline Rd | Madison |
| Nov 2025 | 1.00 | $400,000 | $400,000 | 10540 Oakmont Way | Concord Township |
| Nov 2025 | 5.41 | $67,013 | $12,387 | Vacant Land Brakeman Rd | Painesville |
| Nov 2025 | 7.10 | $85,000 | $11,972 | Abbey Rd | Madison |
| Date | Acres | Price | $/Acre | Address | City |
|---|---|---|---|---|---|
| Nov 2025 | 1.23 | $55,000 | $44,560 | Ashview Madison | Painesville |
| Nov 2025 | 2.08 | $52,000 | $25,000 | Jordan Dr | Mentor |
| Nov 2025 | 4.40 | $80,000 | $18,182 | Dayton Rd | Madison |
| Nov 2025 | 2.62 | $80,000 | $30,546 | Vl Dayton Rd | Madison |
| Nov 2025 | 87.82 | $183,000 | $2,084 | Wood Rd | Madison |
| Nov 2025 | 15.60 | $126,000 | $8,077 | 0 W Loveland Rd | Madison |
| Nov 2025 | 16.86 | $169,900 | $10,077 | V/l 3 Wood Rd | Madison |
| Oct 2025 | 15.54 | $350,000 | $22,521 | Green Rd | Madison |
| Oct 2025 | 95.73 | $750,000 | $7,835 | Huntoon Rd | Painesville |
| Oct 2025 | 20.00 | $200,000 | $10,000 | V/l Leroy Center Rd | Painesville |
| Sep 2025 | 9.27 | $125,000 | $13,484 | V/l 2 Wood Rd | Madison |
| Sep 2025 | 5.89 | $90,000 | $15,280 | V/l 1 Wood Rd | Madison |
| Sep 2025 | 12.23 | $149,900 | $12,257 | V/l 5 River Rd | Madison |
| Sep 2025 | 1.60 | $22,000 | $13,724 | Brakeman Rd | Painesville |
| Sep 2025 | 2.00 | $126,250 | $63,125 | Sherbrooke Valley Ct | Willoughby |
| Aug 2025 | 3.05 | $15,000 | $4,918 | Barberry Hill Dr | Mentor |
| Aug 2025 | 7.42 | $100,000 | $13,486 | Baker Rd | Madison |
| Aug 2025 | 8.00 | $132,000 | $16,500 | Dock Rd | Madison |
| Aug 2025 | 1.08 | $36,300 | $33,612 | Morley Rd | Mentor |
| Aug 2025 | 1.36 | $26,000 | $19,048 | McMackin Rd | Madison |
| Aug 2025 | 1.32 | $72,500 | $54,924 | Morley Road Concord | Mentor |
| Jul 2025 | 4.45 | $16,000 | $3,596 | 2400 County Line Rd | Madison |
| Jul 2025 | 18.38 | $192,000 | $10,446 | Bates Rd | Madison |
| Jul 2025 | 5.14 | $280,000 | $54,475 | Girdled Rd | Painesville |
| Jul 2025 | 1.11 | $20,000 | $18,018 | Worrell Rd | Willoughby |
| Jul 2025 | 2.48 | $35,000 | $14,113 | McMackin Rd | Madison |
| Jun 2025 | 3.08 | $110,000 | $35,714 | Dodd Rd | Willoughby |
| May 2025 | 1.42 | $40,500 | $28,521 | 6193 River Rd | Madison |
| May 2025 | 2.11 | $30,000 | $14,218 | V L Painesville Warren Road Leroy | Painesville |
| May 2025 | 2.18 | $38,000 | $17,423 | Bates Rd | Madison |
| Apr 2025 | 2.00 | $37,000 | $18,500 | Bates Rd | Madison |
| Apr 2025 | 9.31 | $99,900 | $10,730 | Balch Rd | Madison |
| Apr 2025 | 87.82 | $351,280 | $4,000 | Vl Wood Rd | Madison |
| Apr 2025 | 12.24 | $85,000 | $6,942 | 5362 Todd Dr | Madison |
| Apr 2025 | 4.52 | $85,000 | $18,814 | McMackin Rd | Madison |
| Apr 2025 | 11.72 | $140,000 | $11,945 | 2866 McMackin Rd | Madison |
| Mar 2025 | 1.92 | $125,000 | $65,196 | River Rd | Willoughby |
Suburban/Urban Land Sales (Under 1 Acre) (Sep 2025 – Mar 2026)
| Metric | Value |
|---|---|
| Median Lot Price | $20,000 |
| Recent Sales | 23 transactions |
| Avg Days on Market | 116 days |
| Avg Parcel Size | 0.25 acres |
| Active Listings | 54 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Address | City |
|---|---|---|---|---|
| Mar 2026 | 0.12 | $20,000 | 361 Marion Ave | Painesville |
| Mar 2026 | 0.12 | $20,000 | Marion Ave | Painesville |
| Mar 2026 | 0.33 | $35,000 | East St #298 | Wickliffe |
| Feb 2026 | 0.33 | $30,000 | 34262 Beach Park Ave | Eastlake |
| Feb 2026 | 0.77 | $45,000 | 9025 Jackson St | Mentor |
| Nov 2025 | 0.48 | $52,000 | 9340 Jordan Dr | Mentor |
| Nov 2025 | 0.11 | $8,500 | 7842 Linden St | Mentor |
| Nov 2025 | 0.30 | $8,000 | Foothill Blvd | Willoughby |
| Nov 2025 | 0.29 | $5,000 | 193 Linden Dr | Painesville |
| Nov 2025 | 0.28 | $149,900 | S/l 50 Scholar Dr | Willoughby |
| Date | Acres | Price | Address | City |
|---|---|---|---|---|
| Oct 2025 | 0.44 | $300,000 | Birchwood Dr | Willoughby |
| Oct 2025 | 0.11 | $5,000 | V/l Vine 48 St | Willoughby |
| Oct 2025 | 0.07 | $5,000 | V/l Vine 49 St | Willoughby |
| Oct 2025 | 0.19 | $5,000 | V/l Vine 46 St | Willoughby |
| Oct 2025 | 0.12 | $3,300 | V/l Highland 69 Dr | Eastlake |
| Oct 2025 | 0.15 | $5,000 | NULL-V/L Vine St #47 | Willoughby |
| Oct 2025 | 0.03 | $5,000 | NULL-V/L Vine St #50 | Willoughby |
| Oct 2025 | 0.15 | $25,000 | E 293rd St | Willowick |
| Oct 2025 | 0.17 | $52,500 | Outrigger Cv | Painesville |
| Sep 2025 | 0.40 | $43,000 | W Tuttle Park Rd | Madison |
| Sep 2025 | 0.09 | $11,000 | E 351st St | Eastlake |
| Sep 2025 | 0.12 | $10,500 | E 351st St | Eastlake |
| Sep 2025 | 0.54 | $84,900 | 7341 Maple St | Mentor |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 232,101 |
| Population (2020) | 232,603 |
| Population Growth | -0.22% |
| Median Household Income | $77,952 |
| Median Home Value | $199,900 |
| Total Housing Units | 105,877 |
| Vacant Housing Units | 5,558 |
| Housing Vacancy Rate | 5.2% |
| Median Age | 44.0 |
| Bachelor's Degree or Higher | 33,713 (14.5%) |
| Unemployment Rate | 5.1% |
Market Overview
Lake County, Ohio has a population of 232,101, which has declined 0.22% since 2020. The median household income is $77,952, above the national median of $74,580 by 4.5%. The housing vacancy rate of 5.2% suggests tight market conditions. The county's location in Ohio makes it accessible for investors and developers seeking rural land. Recent rural land sales show a median price of $18,396 per acre, with properties averaging 10.70 acres. There are currently 82 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Lake County, Ohio?
As of the 2023 American Community Survey, Lake County has a population of 232,101. The county has declined 0.22% since the 2020 Census.
What is the median household income in Lake County?
The median household income in Lake County is $77,952, which is 4.5% above the national median of $74,580.
Is Lake County growing or shrinking?
Lake County is shrinking. The population has declined 0.22% since 2020.
What is the housing market like in Lake County?
The median home value in Lake County is $199,900. The housing vacancy rate is 5.2%, which suggests tight market conditions. The unemployment rate is 5.1%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $18,396 per acre. Suburban/urban lots under 1 acre have a median lot price of $30,000.
Does Reelvest buy land in Lake County, Ohio?
Yes! Reelvest Properties buys vacant land throughout Ohio, including Lake County. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.