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These days, finding an affordable place to live in the Lakewood Village area can be challenging. Home prices in Lakewood Village are now at a median cost of $534,333, higher than the Texas average of $322,096.
The average cost of rent is $2,591/mo in Lakewood Village, primarily driven by the current value of real estate in the Lakewood Village area. In Lakewood Village, 4.29% of households rent, and 36.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lakewood Village is $14,667 per month. Households that rent pay about 17.66% of their income on rent here. Lakewood Village’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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