Columbus vs Lakewood
Side-by-side rent vs buy analysis comparing these two markets
Overall Comparison
Lakewood has an edge
Lakewood edges ahead based on overall market conditions.
Median Home Price
$288,459.3
Median Rent
$1,477.92/mo
Price-to-Rent Ratio
16.3
Property Tax RateTIE
1.56%
Price Change (1Y)
+0.9%
Price Change (5Y)
+4.3%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$187,463
Median Home PriceBETTER
$211,435.71
Median RentBETTER
$1,378.83/mo
Price-to-Rent RatioBETTER
12.8
Property Tax RateTIE
1.56%
Price Change (1Y)BETTER
+5.1%
Price Change (5Y)BETTER
+25.6%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$4,858
Key Differences
Home Prices
Columbus's median home price of $288,459.3 is higher than Lakewood's $211,435.71 by 36%.
Monthly Rent
Renting in Columbus costs $1,477.92/mo compared to $1,378.83/mo in Lakewood—a difference of $99.09/mo.
Buy vs Rent Verdict
Columbus favors renting, while Lakewood favors either option.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.
Run Your Own Numbers
This comparison uses median values. Your income, savings, and goals matter. Use our Buy vs Rent calculator to get a personalized analysis.