The Most Affordable Neighborhoods in Lakewood Shores, IL by Home Value

 

Lakewood Shores, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Lakewood Shores area can be challenging. Home prices in Lakewood Shores are now at a median cost of $256,690, higher than the Illinois average of $242,002.

The average cost of rent is $890/mo in Lakewood Shores, primarily driven by the current value of real estate in the Lakewood Shores area. While nearly 48.67% of residents own their homes outright in Lakewood Shores, 15.23% rent.

Housing affordability isn’t just about home prices, though. The average household income in Lakewood Shores is $8,353 per month. Households that rent pay about 10.65% of their income on rent here. Lakewood Shores's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.


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