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Advertise here →Lakewood, IL · Houses & Market Data
Lakewood, Illinois houses and real estate market data.
Houses in Lakewood, IL (McHenry County) — Census median home value $518,500, county listing prices up about 2.0% over the past year. Market data for Lakewood houses and the broader area.
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Lakewood, IL is in McHenry County, Illinois — this guide covers houses in Lakewood and the whole local market: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 4,699, with a median household income of $185,774. Census data puts Lakewood houses at a median value of $518,500 (all owner-occupied homes); McHenry County's current median listing price runs $419,000, up about 2.0% over the past year.
Info from government sites and builders may have provided source info.
Market overview
Lakewood housing market
Lakewood is in McHenry County, Illinois. Manifest Census and county price-trend data provide baseline context for houses in Lakewood and the surrounding county market.
Median home value (Census ACS)
$518,500
Population (Census ACS)
4,699
Median household income
$185,774
County price trend (2025)
5.85% YoY
Population, income, and median home value from the project batch manifest (Census ACS 2023 5-year). County price trend from FHFA county HPI when present in the manifest row.
At a glance
Lakewood market snapshot
Population
4,699
County
McHenry County
Median Household Income
$185,774
Median Home Value (city)
$518,500
Median Listing Price (McHenry County)
$419,000
Median Gross Rent
$-666,666,666/mo
Price Trend (YoY)
+2.0%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. See About
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What makes Lakewood different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Lakewood's median home value — across all owner-occupied homes, not just recent sales — at $518,500. Separately, McHenry County's current median listing price (via Realtor.com data, 2026-06-01) runs $419,000. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
McHenry County's FHFA house price index shows a 5.85% annual change in 2025.
Population & Income
Lakewood has an estimated population of 4,699 and a median household income of $185,774, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Lakewood's Census-reported median home value works out to about 2.8x the area's median household income, and median gross rent runs roughly -4306308% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
Nearby
Places around Lakewood
County guide: McHenry County — cities, market context, and local resources for the county that includes Lakewood.
USAHouses.com also helps visitors looking in nearby McHenry County and other Illinois communities. Some locations may not yet have dedicated pages, but many licensed professionals in this region assist surrounding communities.
Nearby communities include Crystal Lake, Ridgefield, Lake in the Hills, Woodstock, Prairie Grove, Bull Valley, Cary, Trout Valley, Franklinville, Oakwood Hills, Union, Harmony, Burtons Bridge, McHenry, Coral, Holiday Hills.
Crystal Lake market data
Nearby city · ~2.7 mi
Ridgefield market data
Nearby city · ~3.4 mi
Lake in the Hills market data
Nearby city · ~4.8 mi
Woodstock market data
Nearby city · ~6.4 mi
Prairie Grove market data
Nearby city · ~6.9 mi
Bull Valley market data
Nearby city · ~7.0 mi
Cary market data
Nearby city · ~7.1 mi
Trout Valley market data
Nearby city · ~7.2 mi
Franklinville market data
Nearby city · ~7.5 mi
Oakwood Hills market data
Nearby city · ~7.7 mi
Union market data
Nearby city · ~8.1 mi
Harmony market data
Nearby city · ~8.6 mi
Burtons Bridge market data
Nearby city · ~8.8 mi
McHenry market data
Nearby city · ~9.1 mi
Coral market data
Nearby city · ~9.2 mi
Holiday Hills market data
Nearby city · ~9.5 mi
More Illinois cities with market guides: Aurora, Joliet, Naperville, Rockford, Elgin, Springfield, Peoria, Waukegan.
Aurora market data
Same-state city guide
Joliet market data
Same-state city guide
Naperville market data
Same-state city guide
Rockford market data
Same-state city guide
Elgin market data
Same-state city guide
Springfield market data
Same-state city guide
Peoria market data
Same-state city guide
Waukegan market data
Same-state city guide
Adjacent-county Census places with USAHouses.com pages: Beecher City (~11.2 mi), Shumway (~16.3 mi), Ramsey (~16.7 mi), Altamont (~20.2 mi), St. Elmo (~21.0 mi), Bingham (~22.3 mi), Brownstown (~23.0 mi), Effingham (~23.3 mi), Gays (~23.4 mi), Bethany (~23.7 mi), Neoga (~23.9 mi), Sullivan (~24.3 mi), Allenville (~25.1 mi), Teutopolis (~26.0 mi), Vandalia (~26.7 mi), Watson (~27.1 mi).
New construction: New homes near Lakewood (Chicago) · Illinois new construction.
Census & home facts
Lakewood data from published sources
Population (ACS 2023)
4,699
Median home value (ACS 2023)
$518,500
Median household income (ACS 2023)
$185,774
County FHFA annual change (2025)
5%
County median listing price (FRED/Realtor.com) (2026-06-01)
$419,000
Census place type
CDP
County
Shelby County
Land area (Census Gazetteer 2024)
0.40 sq mi
Census GEOID
1741677
Census ACS, FHFA, and FRED figures are labeled with the year present in existing CSVs. Subject to change / confirm locally.
NewUSAHouses.com communities
Closest verified new-home communities near Lakewood
Availability and pricing are controlled by the builder and may change; confirm with the builder.
Riverwoods ↗
Lennar · Woodstock, Illinois · ~3.5 mi · from $321,990
Birchwood ↗
Pulte · Crystal Lake, Illinois · ~3.7 mi
Waterside at Three Oaks ↗
Lennar · Crystal Lake, Illinois · ~3.8 mi · from $416,990
Fieldstone ↗
M/I Homes · Huntley, Illinois · ~4.3 mi · from $488,990
Cider Grove ↗
D.R. Horton · Huntley, Illinois · ~4.6 mi · from $439,990
Local life
Life in Lakewood
Schools
CUSD 300 — 29 schools, 20,443 students enrolled, per the U.S. Department of Education's Common Core of Data. McHenry addresses may be served by CUSD 300, but attendance zones vary by street — confirm assigned schools with the district before making a move.
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Common questions
Lakewood FAQ
What are houses worth in Lakewood, IL?
The Census Bureau's American Community Survey puts the median value of houses in Lakewood at $518,500. McHenry County's current median listing price runs $419,000, up about 2.0% over the past year.
How much do houses cost in Lakewood, IL?
For owner-occupied houses in Lakewood, Census ACS data shows a median value of $518,500. Active listing prices in McHenry County may differ — see the market snapshot above.
What types of houses are in Lakewood, IL?
Lakewood houses include resale single-family homes, condos, mobile homes, and small multi-unit buildings, plus new construction in surrounding McHenry County communities where builders are active. The housing-stock section below uses Census ACS structure counts when available for this city.
What is the population of Lakewood, IL?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Lakewood's population at approximately 4,699.
What's the median rent in Lakewood, IL?
The Census ACS estimates median gross rent in Lakewood at approximately $-666,666,666 per month.
What is the median household income in Lakewood, IL?
Census ACS data puts the median household income in Lakewood at approximately $185,774.
Is the Lakewood housing market growing?
McHenry County's FHFA house price index shows a 5.85% annual change in 2025.
Is Lakewood, IL affordable relative to income?
Census ACS data puts Lakewood's median home value at about 2.8 times the median household income, with median gross rent equal to roughly -4306308% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
What school district serves Lakewood, IL?
Manifest and public school-directory data suggest CUSD 300 for many Lakewood addresses, but attendance zones vary by street — verify your assigned schools with the district before making a move.
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