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These days, finding an affordable place to live in the Lakewood Township area can be challenging. Home prices in Lakewood Township are now at a median cost of $209,215, lower than the Illinois average of $300,242.
The average cost of rent is $855/mo in Lakewood Township, primarily driven by the current value of real estate in the Lakewood Township area. In Lakewood Township, 6.08% of households rent, and 61.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lakewood Township is $8,126 per month. Households that rent pay about 10.53% of their income on rent here. Lakewood Township’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cowden, IL: less expensive homes
- Tower Hill, IL: less expensive homes
- Shelbyville, IL: less expensive homes
- Henton, IL: less expensive homes
- Mode, IL: less expensive homes
- Middlesworth, IL: higher priced homes
- Holliday, IL: less expensive homes
- Westervelt, IL: less expensive homes
- Herrick, IL: less expensive homes
- Holland, IL: less expensive homes
Cities with Similar Populations
- Jones Mills, PA: equally priced homes
- Slades Corner, WI: higher priced homes
- Sky Valley, GA: higher priced homes
- Sheppton, PA: less expensive homes
- Kerby Knob, KY: equally priced homes
- Kelayres, PA: less expensive homes
- Keene, WI: higher priced homes
- Kaycee, WY: equally priced homes
- Kattskill Bay, NY: higher priced homes
- Katesville, NC: higher priced homes
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