Population 6,651 · Census ACS 2020–24
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Population and households in Lakewood Springs
Household size in Lakewood Springs
| Period | Lakewood Springs | Plano | Chicago area | Illinois | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 2.84 | 2.72 | 2.79 | 2.69 | 2.68 |
| 2010–14 | 3.03 | 2.96 | 2.82 | 2.71 | 2.73 |
| 2015–19 | 3.24 | 3.06 | 2.75 | 2.66 | 2.71 |
| 2020–24 | 3.18 | 3.04 | 2.66 | 2.58 | 2.65 |
| Change | +0.34 | +0.32 | −0.12 | −0.11 | −0.03 |
Households in Lakewood Springs are large by national standards, averaging 3.18 people against 2.65 for the U.S. That usually means more families with children at home. Household size has climbed from 2.84 in 2006–10, even as the national average fell.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Lakewood Springs
| Period | Lakewood Springs | Plano | Chicago area | Illinois | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 31.1 | 33.6 | 36.8 | 37.6 | 37.7 |
| 2010–14 | 32.0 | 33.2 | 37.8 | 38.5 | 38.6 |
| 2015–19 | 29.9 | 33.8 | 38.9 | 39.6 | 39.6 |
| 2020–24 | 30.5 | 33.2 | 39.7 | 40.2 | 40.1 |
| Change | −0.6 | −0.5 | +3.0 | +2.6 | +2.3 |
With a median age of just 30.5, Lakewood Springs is far younger than the country as a whole (40.1), a population that tilts toward young families with children. The median age has edged down from 31.1 in 2006–10, even as the national median rose. Residents skew youngest in the southwest and oldest in the northwest.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Lakewood Springs
| Period | Lakewood Springs | Plano | Chicago area | Illinois | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 5.2% | 7.0% | 12.0% | 11.7% | 12.3% |
| 2010–14 | 12.3% | 13.8% | 12.0% | 11.7% | 12.3% |
| 2015–19 | 19.0% | 18.6% | 11.2% | 11.1% | 11.6% |
| 2020–24 | 22.6% | 19.0% | 11.5% | 11.3% | 11.6% |
| Change | +17.4 pts | +12.0 pts | −0.5 pts | −0.4 pts | −0.6 pts |
Single-parent households are common in Lakewood Springs: 22.6% of all households, against 11.6% nationally. The single-parent share has risen 17.4 points since 2006–10, even as the national share fell.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Lakewood Springs
Renters in Lakewood Springs
| Period | Lakewood Springs | Plano | Chicago area | Illinois | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 12.6% | 16.5% | 32.1% | 30.8% | 33.3% |
| 2010–14 | 17.8% | 26.3% | 34.8% | 33.1% | 35.6% |
| 2015–19 | 15.0% | 21.9% | 35.5% | 33.9% | 36.0% |
| 2020–24 | 31.8% | 26.8% | 34.5% | 32.9% | 34.8% |
| Change | +19.1 pts | +10.3 pts | +2.3 pts | +2.1 pts | +1.5 pts |
Nearly a third of households in Lakewood Springs rent their homes (31.8%), a little below the national share of 34.8%; the rest own. Still, renters make up a bigger share here than in Plano overall (26.8%). Among homeowners, 7.4% have no mortgage at all, well below the national share of 39.8%. The renter share is up 19.1 points from 2006–10, a much bigger shift than nationally.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Lakewood Springs
| Period | Lakewood Springs | Plano | Chicago area | Illinois | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 4.8% | 5.8% | 9.8% | 10.0% | 11.4% |
| 2010–14 | 4.7% | 5.2% | 9.8% | 10.1% | 11.4% |
| 2015–19 | 2.3% | 3.3% | 8.9% | 9.8% | 11.1% |
| 2020–24 | 2.1% | 4.3% | 7.2% | 8.1% | 9.6% |
| Change | −2.7 pts | −1.5 pts | −2.6 pts | −1.9 pts | −1.8 pts |
Empty homes are scarce in Lakewood Springs: just 2.1% sit vacant, compared with 9.6% nationally, a sign of a tight housing market. Vacancy has fallen 2.7 points since 2006–10, mirroring the country.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Lakewood Springs
| Period | Lakewood Springs | Plano | Chicago area | Illinois | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 2001 | 1986 | 1966 | 1966 | 1974 |
| 2010–14 | 1999 | 1988 | 1967 | 1967 | 1975 |
| 2015–19 | 1999 | 1985 | 1967 | 1968 | 1977 |
| 2020–24 | 2004 | 1990 | 1970 | 1970 | 1980 |
| Change | +3 | +4 | +4 | +4 | +6 |
Much of the housing in Lakewood Springs is relatively new: half of its homes were built after 2004, compared with 1980 for the U.S. as a whole. The median year built has moved up from 2001 in 2006–10, a sign of steady new building. Newer construction is concentrated in the southwest, while the northwest has the oldest housing.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Lakewood Springs
| Period | Lakewood Springs | Plano | Chicago area | Illinois | U.S. |
|---|---|---|---|---|---|
| 2006–10 | $1,061 | $939 | $1,060 | $953 | $965 |
| 2010–14 | $1,542 | $1,311 | $1,142 | $1,028 | $1,040 |
| 2015–19 | $1,705 | $1,429 | $1,306 | $1,165 | $1,213 |
| 2020–24 | $1,782 | $1,618 | $1,602 | $1,428 | $1,571 |
| Change | +$722 | +$679 | +$542 | +$475 | +$606 |
A typical rental in Lakewood Springs costs $1,782 a month with utilities, above the national median of $1,571. Rent has climbed $722 a month since 2006–10, up 68%, faster than rents rose nationally. The typical renter here spends 24.9% of household income on rent, comfortably under the 30% mark often used to define affordable rent, and a smaller share than renters pay nationally. Renters on a budget will find the lowest rents in the northwest; the highest are in the southwest.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Lakewood Springs
Bachelor's degrees in Lakewood Springs
| Period | Lakewood Springs | Plano | Chicago area | Illinois | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 26.2% | 22.4% | 33.9% | 31.2% | 28.4% |
| 2010–14 | 23.0% | 20.5% | 35.2% | 32.4% | 29.6% |
| 2015–19 | 27.8% | 24.7% | 37.9% | 34.7% | 32.1% |
| 2020–24 | 27.2% | 24.0% | 40.9% | 37.7% | 35.6% |
| Change | +1.0 pts | +1.6 pts | +7.0 pts | +6.5 pts | +7.2 pts |
College degrees are less common in Lakewood Springs than nationally: 27.2% of adults 25 and older have a bachelor's or higher, against 35.6%. Still, the share is higher than in Plano overall (24.0%). Since 2006–10, the share with a degree has edged up 1.0 points, a smaller shift than nationally.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Lakewood Springs
| Period | Lakewood Springs | Plano | Chicago area | Illinois | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 86.2% | 85.5% | 85.6% | 86.3% | 84.9% |
| 2010–14 | 83.1% | 82.5% | 86.7% | 87.5% | 86.1% |
| 2015–19 | 97.1% | 91.8% | 88.4% | 89.1% | 87.7% |
| 2020–24 | 94.3% | 93.2% | 89.5% | 90.3% | 89.3% |
| Change | +8.2 pts | +7.7 pts | +3.9 pts | +4.0 pts | +4.3 pts |
High school completion is high in Lakewood Springs: 94.3% of adults 25 and older have a diploma or equivalent, well above the national rate of 89.3%. The picture is much the same across Plano. The share with a diploma has risen 8.2 points since 2006–10, as it has nationally.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Lakewood Springs
| Period | Lakewood Springs | Plano | Chicago area | Illinois | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 7.8% | 7.8% | 9.1% | 8.7% | 8.1% |
| 2010–14 | 12.1% | 12.0% | 10.8% | 10.2% | 9.4% |
| 2015–19 | 6.8% | 5.8% | 6.3% | 6.1% | 5.6% |
| 2020–24 | 5.4% | 4.9% | 6.3% | 6.0% | 5.4% |
| Change | −2.5 pts | −2.9 pts | −2.8 pts | −2.7 pts | −2.7 pts |
At 5.4%, unemployment in Lakewood Springs is the same as the national rate. Since 2006–10, unemployment has fallen 2.5 points, as it has nationally. Because the Census pools five years of responses (2020–24), these rates smooth over short swings and lag the current job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Lakewood Springs compared with nearby neighborhoods
| Neighborhood | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Lakewood Springs | 3.18 | 30.5 | 22.6% | 31.8% | 2.1% | 2004 | $1,782 | 27.2% | 94.3% | 5.4% |
| Randall Hills | 2.47 | 44.1 | 6.3% | 28.6% | 4.1% | 1988 | $1,723 | 34.3% | 94.2% | 7.2% |
| Frontenac | 3.18 | 35.9 | 9.3% | 24.0% | 3.9% | 1989 | $2,160 | 49.8% | 87.8% | 4.9% |
| Tall Grass | 3.34 | 39.1 | 7.0% | 2.3% | 2.9% | 2006 | $2,199 | 82.0% | 98.7% | 4.2% |
| Thornwood | 3.19 | 39.8 | 2.9% | 1.6% | 4.3% | 2003 | $3,074 | 58.5% | 93.9% | 4.0% |
| Valley View | 2.50 | 41.2 | 5.8% | 28.0% | 4.4% | 1969 | $1,195 | 47.3% | 94.9% | 8.1% |
| Sycamore Manor | 2.31 | 34.7 | 12.5% | 39.1% | 8.4% | 1967 | $1,032 | 40.4% | 93.3% | 3.2% |
| Belmont | 2.29 | 45.0 | 7.8% | 22.1% | 4.2% | 1968 | $1,731 | 61.7% | 98.4% | 2.9% |
| Maple Manor | 2.75 | 37.7 | 19.6% | 24.8% | 7.1% | 1953 | $1,335 | 20.2% | 83.7% | 7.3% |
| Lace | 2.57 | 40.2 | 9.0% | 30.9% | 3.0% | 1974 | $1,844 | 45.9% | 97.4% | 4.4% |
| Elgin Historic District | 3.35 | 29.6 | 27.9% | 49.8% | 4.1% | 1945 | $1,329 | 22.4% | 68.9% | 6.4% |
All figures 2020–24.
Neighborhoods with similar populations: Villa Park, Trenton, NJ · Flosden, Vallejo, CA · Forest Park, Baltimore, MD · Glenham-Belhar, Baltimore, MD · Goddard, Seabrook, MD · Goldenwest, Huntington Beach, CA · Hamlet, Woonsocket, RI · Hampden, Denver, CO · Happy Valley, Bellingham, WA · Hayhurst, Portland, OR
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Lakewood Springs. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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