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Lakewood Village, TX

Texas · Metropolitan Area

Lakewood Village is a small town in Texas with a population of 784. Residents earn $154,219 per year, which is 105% above the national average.

4.6 /5.0
A+ Excellent
784 Population 980/sq mi density
$154,219 Median Income $66,287 per capita
$494,200 Home Value
65°F Avg Temperature 330 sunny days/yr
A+
Overall
4.6 / 5.0
Excellent overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$154,219 median income, 1.4% unemployment
A+
Affordability
4.9 / 5.0
$494,200 home value
A
Education
4.0 / 5.0
37.5% bachelor's degree or higher
Median Income $154,219
105% higher than US avg
Home Value $494,200
75% higher than US avg
Bachelor's+ 37.5%
11% higher than US avg
Obesity Rate 34.3%
7% higher than US avg
Unemployment 1.4%
61% lower than US avg
Poverty Rate 1.2%
90% lower than US avg

How Lakewood Village Compares to the U.S. Average (100% = U.S. avg)

People

Population784
Median Age49.4 yrs
Density980/mi²
Male / Female54% / 46%
Largest GroupWhite 81%
Veterans10.6%

Economy

A+
Median Income$154,219
Per Capita$66,287
Unemployment1.4%
Poverty1.2%
County GDP$115,358M
Commute33 min

Housing

A+
Home Value$494,200
RentN/A
OwnershipN/A
Housing Units278
Rent Burden28.2%

Health

Obesity34.3%
Uninsured11.4%
Smoking11.9%
Depression23.6%
Heart Disease5.0%

Climate

Avg Temp65°F (18°C)
AQI42 (Good)
Rain38.3 in/yr
Sunny Days330/yr
Elevation552 ft (168 m)

Education

A
Bachelor's+37.5%
High School+97.8%
Graduate+9.1%
School Score5.10

Community

2024 VoteR 54% / D 43%
Commute33 min
Broadband98.6%
Libraries16

Is Lakewood Village a Good Place to Live?

Based on current data, Lakewood Village receives an overall livability score of 4.6 out of 5.0, earning a grade of A+. Key strengths include above-average household incomes, low unemployment, a highly educated population, abundant sunshine. Areas to be aware of include high housing costs. Lakewood Village stands out as an excellent place to live, with strong marks across most quality-of-life indicators.

Economy & Jobs

The median household income in Lakewood Village is $154,219, which is significantly higher than the national average — 105% above $75,149. This places Lakewood Village among higher-income communities. The job market is very strong with unemployment at just 1.4%. Only 1.2% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 33 minutes.

Cost of Living & Housing

The median home value in Lakewood Village is $494,200, making it a premium housing market at 75% above the U.S. median of $281,900. A price-to-income ratio of 3.2x indicates a reasonably affordable housing market.

Education

Educational attainment is solid, with 37.5% holding a bachelor's degree or higher, near the national average. 97.8% have completed high school. Area schools have an average test score of 5.1/10.

Climate & Weather

Lakewood Village enjoys a moderate climate with an average annual temperature of 65°F. Winters average 45°F in January while summers reach 84°F in July. With 330 sunny days per year, residents enjoy well above the national average of sunshine. Annual precipitation totals 38.3 inches. Air quality is rated Good with a median AQI of 42.

Lakewood Village has a population of 784 with a density of 980 people per square mile. The median age is 49.4 years, 27% older than the national median of 38.9. The city is predominantly White (80.7%), with 1.3% Hispanic.

Population

784
Total Population
980
People / sq mi
49.4yrs
Median Age
27% above US avg
0.8mi²
Land Area

Gender Distribution

Male 53.6%
Female 46.4%

Race & Ethnicity

Lakewood Village vs U.S. Average

Language Spoken at Home

English Only94.5%
20% above US avg
Spanish5.5%
59% below US avg

Social Characteristics

Lakewood Village vs U.S. Average

The median household income in Lakewood Village is $154,219, which is 105% above the national average of $75,149. The unemployment rate is 1.4% (below the 3.6% US average). 1.2% of residents live below the poverty line. Workers commute an average of 33 minutes.

Income: Lakewood Village vs U.S.

Commute Mode

Income

Median HH Income$154,219
105% above US avg
Per Capita Income$66,287
Avg Weekly Wage$1,694
IRS Avg AGI$129,628

Employment & Poverty

Unemployment1.4%
61% below US avg
Poverty Rate1.2%
90% below US avg
Establishments (County)34,830
County GDP$115,358M

Business (County)

Restaurants2,668
Healthcare4,398
Retail2,985
Manufacturing491

Tax & Cost of Living

Property Tax (IRS)$10,750
207% above US avg
Cost of Living97.10 (100=avg)
Effective Tax Rate2.18%

Commute & Transportation

Commute Time33.4 min
Drive Alone68.3%
Public Transit0.0%
Work from Home26.7%

Walkability

The median home value in Lakewood Village is $494,200, 75% above the national average.

Home Value Sources

Ownership Split

Home Values

Census Median$494,200
75% above US avg
Median List Price$849,505

Real Estate Market (Redfin)

Median List Price$849,505
$/Sq Ft$203
Homes Sold6
Sale-to-List Ratio95.6%
Price Drops30.4%
Inventory23

Rental Costs

Rent Burden28.2%

HUD Fair Market Rent

Studio$887
1 Bedroom$935
2 Bedrooms$1,149
3 Bedrooms$1,497
4 Bedrooms$1,733

Ownership & Property

Owner-Occupied97.9%
Housing Units278
Median Year Built2001

Property Tax

Avg Tax (IRS)$10,750
207% above US avg
Effective Rate2.18%
In Lakewood Village, 34.3% of adults are obese (above the 32.1% national rate). 11.4% of residents lack health insurance. 11.9% are current smokers. 23.6% report depression. 21.9% are physically inactive.

Health Metrics: Lakewood Village vs U.S. Average (%)

Chronic Conditions

Obesity34.3%
7% above US avg
Diabetes9.6%
Heart Disease5.0%
High Blood Pressure29.8%
Asthma9.9%
COPD5.3%
Cancer7.0%
Stroke2.7%

Behaviors & Mental Health

Smoking11.9%
15% below US avg
Binge Drinking19.2%
Physical Inactivity21.9%
Depression23.6%
Mental Distress17.7%
Physical Distress11.8%
Short Sleep34.8%

Healthcare Access

Insurance Rate90.1%
Uninsured11.4%
33% above US avg
Checkup Rate72.7%
Dental Visits64.8%
Premature Death4,576/100K

Food & Exercise

Food Environment8.6/10
Exercise Access93.0%
Healthcare Facilities4,398
Lakewood Village has an average annual temperature of 65°F (18°C). Winters average 45°F in January while summers reach 84°F in July. Annual precipitation is 38.3 inches. The area enjoys 330 sunny days per year. Air quality is rated Good with a median AQI of 42.

Temperature

45°F Jan (7°C) 84°F Jul (29°C)
Annual Average65.0°F
20% above US avg
January Average45°F (7°C)
July Average84°F (29°C)
Sunny Days330 days/yr

Precipitation & Snow

Annual Rainfall38.3 inches
1% above US avg

Air Quality

AQI Median42.0
RatingGood

Geography

Elevation552 ft (168 m)
Area0.8 sq mi (2.1 km²)
Population Density980/sq mi
Coordinates33.1361°N, 96.9765°W
TimezoneAmerica/Chicago
County FIPS48085
It is classified as Metro — 1 million+. 37.5% of residents hold a bachelor's degree or higher (11% above US avg). In the 2024 election, the county voted Republican by a 11.1-point margin. 98.6% of households have broadband internet.

2024 Presidential Election (County)

R 54.3%
D 43.1%

Winner: Republican by 11.1 points

Education

Bachelor's Degree+37.5%
11% above US avg
High School+97.8%
Graduate Degree+9.1%
School Test Score5.10
A Education Grade (4.0/5.0)

Urban-Rural Classification

RUCC Code 1Metro — 1 million+
Population Density980/sq mi
Total Area0.8 sq mi

Infrastructure & Services

Broadband Access98.6%
Public Libraries16
Healthcare Facilities4,398
Restaurants2,668
Retail Stores2,985

Safety & Disasters

Fatal Crashes (County/yr)72
FEMA Disaster Declarations91

Commute & Transportation

Avg Commute33.4 min
Drive Alone68.3%
Public Transit0.0%
Work from Home26.7%

Nearby Cities

Oak Point, TX 5,395 pop · 2.5 mi Lake Dallas, TX 7,761 pop · 2.7 mi Hackberry, TX 2,927 pop · 3.5 mi Hickory Creek, TX 5,161 pop · 3.8 mi Shady Shores, TX 2,860 pop · 3.8 mi Little Elm, TX 51,426 pop · 5.1 mi The Colony, TX 44,916 pop · 5.3 mi Corinth, TX 22,868 pop · 5.5 mi Paloma Creek South, TX 8,797 pop · 5.7 mi Highland Village, TX 16,004 pop · 5.9 mi Lewisville, TX 128,313 pop · 5.9 mi Cross Roads, TX 2,090 pop · 5.9 mi Paloma Creek, TX 3,250 pop · 6.6 mi Providence Village, TX 8,116 pop · 7.1 mi
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