Affordable
Expensive
Expensive
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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 $314,580, lower than the Warwick average of $357,575.
The average cost of rent is $1,520/mo in Lakewood, primarily driven by the current value of real estate in the Lakewood area. In Lakewood, 11.39% of households rent, and 23.34% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lakewood is $7,282 per month. Households that rent pay about 20.87% of their income on rent here. Lakewood’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Edgewood, Cranston, RI: higher priced homes
- South Elmwood, Providence, RI: equally priced homes
- Auburn, Cranston, RI: equally priced homes
- Washington Park, Providence, RI: higher priced homes
- Garden City, Cranston, RI: higher priced homes
- Reservoir, Providence, RI: equally priced homes
- Elmwood, Providence, RI: higher priced homes
- Kent Corner, Riverside, RI: higher priced homes
- Lower South Providence, Providence, RI: higher priced homes
- Wayland, Providence, RI: higher priced homes
Neighborhoods with Similar Populations
- Greendale Village, Needham, MA: higher priced homes
- Vale and Eastern Avenue, Schenectady, NY: less expensive homes
- Grafton Hill, Worcester, MA: higher priced homes
- Plaza-Shamrock, Charlotte, NC: higher priced homes
- Tice, Fort Myers, FL: less expensive homes
- Downtown, Kenosha, WI: less expensive homes
- Downtown North East, North East, PA: less expensive homes
- Downtown, Portland, ME: higher priced homes
- Southchase Village, Southchase, FL: higher priced homes
- Old Town, Lansing, MI: less expensive homes
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