Home Insurance in Lakemore, Ohio
With a median home value of $158,400, Lakemore is 24% lower than the Summit County median.
The typical home in Lakemore was built around 1969. About 39% of homes were built before 1960, about 3 points below Summit County's 43%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
The housing stock in Lakemore is 91% single-family homes and 1% apartments in buildings with 5+ units.
About 55% of owner-occupied homes in Lakemore have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Lakemore has an owner-occupancy rate of 84% and a vacancy rate of 9%; unoccupied homes typically need a different coverage form.
In Lakemore, 94% of homes are primarily heated with natural gas.
Summit County had 971 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is hail (Relatively High). See the full Summit County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Ohio carries a statewide average premium of $1,116 per year.
Key figures
| Median home value | $158,400 |
|---|---|
| Median year built | 1969 |
| Owner-occupied share | 84% |
| Share of owner-occupied homes with a mortgage | 55% |
| Top county hazard | Hail (Relatively High) |
| Active NFIP policies in Summit County | 971 |
| Home insurance premium | $1,116 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)