Mar
15
2017

Recent Grads and Millennials Call Lakewood Home

by Mae Williams for Lakewood

Lakewood Ohio is a great destination for recent college grads and millennials.

Photo courtesy of cleveland.com.

Lakewood, a suburb of Cleveland, just a few miles west of downtown, has always been a great city for families of all ages, but young professionals are drawn to the city for its proximity to many places in and around Cleveland. Lakewood is an affordable suburb which offers many amenities from food to culture to sports and outdoor parks. The city has been recognized nationally as a “cool suburb” by Thrillist and Travel and Leisure. Lakewood can be described as an urban suburb with a diverse community, century homes, apartments with historical character, cultural experiences, great food and a welcoming attitude.

 

Lakewood is a magnet for recent college graduates and millennials. According to Movoto, 18 percent of the residents of Lakewood are aged 22 to 29 with 26 percent having a bachelor’s degree. Lakewood has affordable housing for new graduates and houses for those ready to buy their first homes. The city is close to downtown and other business center, (Beachwood and Independence), and is in close proximity to multiple parks including Lakewood Park and the Rocky River MetroParks.   

Lakewood Living

Destination Lakewood  shared that Lakewood’s city planners want to preserve the sense of history meets modern life with street front shops, businesses and new home building projects. There are many community events for young and old that take place in Lakewood. Lakewood Alive, a non-profit community and economic development organization hosts events throughout the year including the Front Porch Series of concerts on the porch of Lakewood Library, Lakewood Summer Meltdown, Lakewood Chocolate Walk, Light Up Lakewood (for the holidays) and much more.

Affordability

Lakewood has over 17,000 housing units in the city including 12,600 one and two family homes. The over 4,000 apartments come in a variety of sizes from one bedroom suites to luxury penthouse apartments that overlook Lake Erie. The cost of living in Lakewood is very affordable compared to other inner ring large city suburbs, which makes it a great destination for recent college grads who are starting out their professional career.

The housing market has rebounded in Lakewood, making it a very popular place to buy a home. Redfin recently shared a 2016 Cleveland State University study on the how millennials are moving to downtown Cleveland, into surrounding Cleveland neighborhoods and to the inner-ring suburbs such as Lakewood. Redfin called Lakewood the hottest neighborhood in Cleveland. There might now be as many houses on the market in Lakewood, but they sell quickly. The survey found that Lakewood home sellers were receiving 99.5 percent of their asking price with one out of every three homes in Lakewood being sold over asking price. Homes in Lakewood are on the market for an average of 50 days, which matches the national average.

Eating Out in Lakewood

We have discussed the many restaurant options in the city of Lakewood. The 5.5 square mile city is a  culinary destination with a variety of food options from bar food to high-end delights and everything in-between. Having many different places to eat close by to where you live is a major draw for residents of Lakewood. Many restaurants are within walking distance for many residents, which is great for the summer months. Because Lakewood is a very diverse community, you can try foods from cultures all over the world.

Cultural Scene

Lakewood has a thriving cultural scene from artist studios to theater productions. The city is home to Beck Center for the Arts, a local theater group producing local and national productions as well as teaching future generations art, dancing and theater.  If you are looking for high quality productions look no further than Beck Center. Lakewood has many venues, such as Mahall’s , to see popular or up-and-coming bands and entertainers. Lakewood High School theater, with its great acoustics, has hosted everything from comedy shows to rock bands.

Small Businesses in Lakewood

Businesses of all sizes from smaller industrial companies to candy shops, such as Fears Confections or Sweet Designs  make their homes in Lakewood. The city of Lakewood encourages small businesses and shops along its main streets. Some recently opened shops include STEM and Cuyahoga Collective. If you are looking for Cleveland t-shirts, stop by GV Arts and Designs  new location. There are long time businesses that are fixtures in Lakewood including Rozi’s Wine Shop  and Lakewood Hardware. If you are looking to furnish your home in a unique way, stop by Plantation Furnishings. 

The city wants to help entrepreneurs and new businesses by offering many grants and funding to get their businesses started in the city. A great way for young professionals to become part of the Lakewood community is going to events and joining the Lakewood Chamber of Commerce. The Lakewood Chamber is one of the sponsors of the Taste of Lakewood, which takes place at Madison Park on June 11th. They have a monthly speaker series with local businesses, politicians and entrepreneurs who share their challenges and success stories. It is a great way to network when you are just moving to the community.

Men’s Cuts is proud to be located in Lakewood.  Our Detroit Avenue location is central in the city and close to downtown Lakewood shops, restaurants and gathering places.  Stop in to see our salon and make an appointment today!!