Lakewood, IL is an ideal place to consider when looking for a house. According to recent data, the median value of housing in Lakewood is $201,100 and is significantly lower than the US House Median Value of $338,100. The appreciation rate of houses in Lakewood is also quite good at 7.94%, nearly matching the US 1 year House Appreciation rate of 8.27%. With a median housing price that is much lower than other parts of the country and appreciation rates close to the national average, Lakewood offers great potential for those looking for their dream home in Illinois.
The median home cost in Lakewood (zip 62438) is $201,100. Home appreciation the last 10 years has been 47.0%. Home Appreciation in Lakewood (zip 62438) is up 9.4%.
Average Age of Homes
- The median age of Lakewood (zip 62438) real estate is 32 years old
The Rental Market in Lakewood (zip 62438)
- Renters make up 24.5% of the Lakewood (zip 62438) population
- 0.0% of houses and apartments in Lakewood (zip 62438), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.