It is a relatively old suburb with the majority of residential buildings being constructed in the 1950s.
"This really has a lot to do with resurgence of the older suburbs," he added.
To be sure, not that there is any danger of the older suburbs emptying out.
And so far, the older suburbs appear to be the losers.
Lakewood is Cleveland's second oldest suburb, with half of its housing built before 1918.
But as in other older suburbs, the options are few.
The $4 million house in an older suburb, in other words.
The highway sprawl of older suburbs is rapidly being repeated.
One of the city's oldest suburbs, it is now an inner city residential suburb.
It is an old suburb of Cardiff established in 1875.