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Lakewood, IL Real Estate


According to census data in the year 2000 there were 888 housing units in Lakewood. This represents a 66.6% growth from 533 in 1990.

Of those housing units, 842 were located in either urbanized areas or urban clusters, and 46 were located in what is classified as a rural area.

Homeownership rate in Lakewood is about 98.4%. Lakewood's vacancy rate, including seasonal lodging, is about 7.9%. Average household size is 2.92 people.

The majority of houses, apartments or condos in Lakewood were built after 1982.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom0%
Two Bedrooms13.40%
Three Bedrooms37.20%
Four Bedrooms40.40%
Five Bedrooms or more9%
As % of Housing Units
       

Owned Homes, Apartments and Condos

Average Household Size2.92
Median year structure was built1982
Median Value of occupied units$284,900
Median Price asked for vacant units$255,600

Rented Homes, Apartments and Condos

Average Household Size2.69
Median year structure was built1945

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage2.50%
Home Equity Loan16.30%
Simple Mortgage59.70%
Debt Free21.40%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs20%