Lakewood Homes under $500,000

Welcome to Lakewood, Ohio – a vibrant and charming suburb that beautifully blends urban convenience with suburban tranquility. Nestled along the shores of Lake Erie, Lakewood is known for its rich history, diverse community, and an array of amenities that cater to all lifestyles. Whether you're a first-time homebuyer, a growing family, or looking to downsize, Lakewood offers a fantastic selection of homes under $500,000, making it an ideal choice for savvy buyers.

As you explore this welcoming subdivision, you'll find an eclectic mix of architectural styles, from classic bungalows to modern townhomes, each exuding its own unique charm. The homes in Lakewood are not only affordable but also well-maintained, often featuring beautiful gardens, spacious yards, and updated interiors. With prices under $500,000, you can find the perfect space that meets your needs without breaking the bank.

Lakewood is more than just a place to live; it's a community that thrives on connection and activity. Enjoy leisurely strolls along the picturesque parks, partake in local events, or indulge in the vibrant dining scene that boasts everything from cozy cafes to gourmet restaurants. With easy access to public transportation and proximity to downtown Cleveland, residents can enjoy the best of both worlds – the hustle and bustle of city life and the serene charm of suburban living.

Discover your dream home in Lakewood, where affordability meets community spirit, and make this delightful area your new sanctuary. Your perfect home awaits!

Newest Lakewood Homes under $500,000

$494,900

4 Beds ⋅ 3 Baths ⋅ 1895944 MLS

First time this beautiful home has been on the market! Updates galore beginning with gorgeous hardwood flooring throughout the 1st floor, up the staircase and the 2nd floor hallway. Dining Room features a stunning custom wainscoting & crown molding. The kitchen boasts updated cabinets, granite tops, and SS appliances. Open to the kitchen is a spacious family room with WBFP & built-ins, perfect for gatherings. Walk out to an amazing covered patio & adjacent paver patio, as well as the expansive back yard. Back inside, the finished lower level offers additional space to enjoy your leisure time or host family & friends. Upstairs you'll find an expansive master suite with renovated bath & WIC. Rounding out the upstairs are 3 spacious bedrooms and an updated hall bath. Completing the package of this amazing property is a 1st floor laundry, 3-car garage, full brick front & wrap, all on a cul-de-sac street. Do yourself a favor and schedule your showing today - you won't regret it!

6446 Windlake Court, Fairfield Twp

$160,000

2 Beds ⋅ 2 Baths ⋅ 1891323 MLS

Desirable location in the Lakewood community! This inviting home features cathedral ceilings and a walkout to a screened/enclosed balcony overlooking beautiful views of the lake and fountain. The eat-in kitchen includes all appliances, while the convenient laundry room includes washer and dryer. The spacious primary bedroom offers an attached bath with shower and a large walk-in closet. Attached garage provides convenient internal access. Estate sale. Includes Cinch Home Services warranty with the most popular plan for added peace of mind. No pets. Four ceiling fans. A wonderful opportunity to enjoy comfortable living in a desirable community with scenic water views!

3679 W Galbraith Road, Colerain Twp

$158,000

2 Beds ⋅ 2 Baths ⋅ 1887232 MLS

Desirable Lakewood condo! Cathedral ceilings and an open, airy feel throughout. Covered deck overlooks peaceful wooded area. Large eat-in kitchen with new appliances and wood cabinetry. 1-car detached garage with storage, located directly across from unit. Convenient location close to shopping, dining, and major routes. No pets. A must-see! Schedule your showing today!

3701 W Galbraith Road, Colerain Twp

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ program of the Multiple Listing Service of Greater Cincinnati. Real estate listings held by brokerage firms other than our company are marked with the Broker Reciprocity™ logo (the small house as shown to the left) and detailed information about them includes the name of the listing brokers. This data is up-to-date as of . Copyright 2026, MLS of Greater Cincinnati, Inc. All rights reserved. Information deemed reliable but not guaranteed.