Lakewood, IL
Full City Profile · Illinois · McHenry County County
4.0
/5.0
A
Great
4,699
Population
4/sq mi density
$185,774
Median Income
$75,240 per capita
$518,500
Home Value
$206,195 Zillow
49°F
Avg Temperature
47
Violent Crime/100K
258 property/100K
A
Overall
4.0 / 5.0
Strong
A+
Economy
5.0 / 5.0
$185,774 median income, 1.2% unemployment
A+
Affordability
5.0 / 5.0
$518,500 home value, /mo rent
F
Safety
1.0 / 5.0
47 violent crimes/100K
A+
Education
5.0 / 5.0
60.6% bachelor's degree or higher
Housing Overview
Median Home Value
$518,500
84% above
US avg: $281,900
Homeownership Rate
97.6%
49% above US avg (65.4%)
Total Housing Units
1,576
Median year built: 1999
Home Value by Source
Census Median
$518,500
Zillow (ZHVI)
$206,195
Redfin Median Sale
$595,000
Median Sale Price
$595,000
Median List Price
$385,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
97.6%
Owner-Occupied
2.4%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Market Indicators (Redfin)
Median Sale Price
$595,000
Median Days on Market
113 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
5
Price Drops
20.0%
of listings with price reduction
Price Per Sq Ft
$140
Active Inventory
15
homes for sale
Affordability & Housing Stock
Rent Burden
30.3%
of renters spending 30%+ of income on housing
2% below US avg (31.0%)
Median Year Built
1999
Average age of housing stock: 27 years
Homeownership Rate
97.6%
Complete Housing Data
Home Values
| Census Median Value | $518,500 |
| Zillow Home Value (ZHVI) | $206,195 |
| Redfin Median Sale | $595,000 |
| Median Sale Price | $595,000 |
| Median List Price | $385,000 |
| Price Per Sq Ft | $140 |
Rent
| FMR Studio | $774 |
| FMR 1-Bedroom | $854 |
| FMR 2-Bedroom | $1,063 |
| FMR 3-Bedroom | $1,370 |
| FMR 4-Bedroom | $1,561 |
Market
| Days on Market | 113 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 20.0% |
| Homes Sold | 5 |
| Active Inventory | 15 |
| Price Per Sq Ft | $140 |
Ownership & Stock
| Owner-Occupied | 97.6% |
| Renter-Occupied | 2.4% |
| Homeownership Rate | 97.6% |
| Total Housing Units | 1,576 |
| Median Year Built | 1999 |
| Rent Burden | 30.3% |