Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lakewood area can be challenging. Home prices in Lakewood are now at a median cost of $395,409, lower than the Ann Arbor average of $396,799.
The average cost of rent is $1,557/mo in Lakewood, primarily driven by the current value of real estate in the Lakewood area. While nearly 26.81% of residents own their homes outright in Lakewood, 16.44% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lakewood is $10,328 per month. Households that rent pay about 15.07% of their income on rent here. Lakewood's most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the neighborhood.
Nearby Neighborhoods
- Dicken, Ann Arbor, MI: less expensive homes
- Abbot, Ann Arbor, MI: less expensive homes
- Eberwhite, Ann Arbor, MI: equally priced homes
- Wildwood, Ann Arbor, MI: equally priced homes
- Bach, Ann Arbor, MI: higher priced homes
- Bryant Pattengill West, Ann Arbor, MI: less expensive homes
- Burns Park, Ann Arbor, MI: higher priced homes
- Angells, Ann Arbor, MI: higher priced homes
- Northside Ann Arbor, Ann Arbor, MI: less expensive homes
- Bryant Pattengill East, Ann Arbor, MI: less expensive homes
Neighborhoods with Similar Populations
- Waller, Tacoma, WA: less expensive homes
- Jardines de Caparra, Bayamon, PR: less expensive homes
- Indianola Hills, Des Moines, IA: less expensive homes
- Indian Lake East, Worcester, MA: less expensive homes
- Indian Hills, Grand Prairie, TX: less expensive homes
- Hubbard-Richard, Detroit, MI: less expensive homes
- Wailua, Kapaa, HI: higher priced homes
- Hillcrest, Brooklyn Park, MD: less expensive homes
- Hikes Point, Louisville, KY: less expensive homes
- Highlands Historic District, State College, PA: less expensive homes
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