US ZIP Code
62438

Lakewood, IL

Shelby County  ·  Illinois

● Active
👥 200 Population ↓ 40% since 2019
💰 $49,727 Median HH Income
▼ 35% below avg ↓ 22% since 2019
🎂 60.3 Median Age ↑ 68% since 2019
🏠 $235,900 Median Home Value
▼ 15% below avg
🎓 47.5% College Grads
▲ 23% above avg
📊 0.0% Unemployment
▼ 100% below avg ↓ 100% since 2019
ZIP Code Details
ZIP Code62438
CityLakewood
StateIllinois (IL)
CountyShelby County
Area Code618/730
Elevation600 ft
Latitude39.325541
Longitude-88.870056
TimezoneChicago (DST)
FIPS17173
ZIP TypeStandard
StatusActive
People & Population (ACS 2023)
♂ Male 55.5% (111) Female 44.5% (89) ♀

Race & Ethnicity

White: 100%Race
White100.0%

Age Breakdown

25–44
10%
45–64
50%
65+
25%

Key Indicators

Median Age60.3 yrs ↑ 68% since 2019
Avg Household Size2.06
Below Poverty10.5% ≈ Avg
College Grads47.5% ▲ 23% above avg
Unemployment0.0% ▼ 100% below avg
HS Graduate59 (29.5%)
Some College46 (23%)
Bachelors54 (27%)
Graduate Degree41 (20.5%)

Education

HS Grad: 29.5%Some College: 23%Bachelors: 27%Graduate: 20.5%Edu
HS Grad29.5%
Some College23.0%
Bachelors27.0%
Graduate20.5%
Housing & Income

Housing Tenure

Owner: 88.7%Renter: 11.3%Tenure
Owner88.7%
Renter11.3%

Home Value Distribution

$50k–100k
6%
$150k–200k
17%
$200k–300k
66%
$300k–500k
10%

Financials

Median HH Income$49,727 ▼ 35% below avg ↓ 22% since 2019
Median Home Value$235,900 ▼ 15% below avg
Home/Income Ratio4.7x (nat avg ~3.5x)
Total Units97
Avg HH Size2.06

Income Distribution

$25k–50k
54%
$50k–75k
21%
$75k–100k
26%
Employment & Commute

How People Get to Work

Drove Alone
71%
Work From Home
29%

Commute Time

Under 15 min
57%
15–30 min
11%
30–45 min
32%
Housing Stock

Year Built

Before 1940
3%
1960s–1970s
35%
1980s–1990s
9%
2000+
53%

Summary

Total Units97
Owner Occupied88.7%
Renter Occupied11.3%
Avg HH Size2.06
Frequently Asked Questions
ZIP code 62438 is in Lakewood, IL, in Shelby County.
ZIP code 62438 is located in Illinois (IL).
ZIP code 62438 is in Shelby County, IL.
ZIP 62438 observes the Chicago timezone. Daylight Saving Time is observed.
The estimated population of ZIP code 62438 is 200 people (ACS 2023).
The median household income in ZIP code 62438 is $49,727 (ACS 2023).
The median home value in ZIP 62438 is $235,900 (ACS 2023).
About ZIP Code 62438

ZIP code 62438 is located in Lakewood, Illinois, within Shelby County. With a population of 200, this is a sparsely populated ZIP code with an older community — the median age is 60.3 years. Economically, 62438 is a working-class ZIP code: the median household income of $49,727 is below the national average.

Real estate in ZIP code 62438 represents an affordable housing market. The median home value of $235,900 is below the national average. Homeownership is strong here — 88.7% of occupied units are owner-occupied, suggesting an established, stable residential community.

The population of 62438 is primarily White (100.00%). Residents are well-educated — 47.5% hold a bachelor's degree or higher, which is above the national average. Poverty affects some residents at 10.5%. Household income has declined by 22% since 2019.

A notably high share of workers — 29% — work from home, reflecting the professional makeup of the area. As in most parts of the country, driving alone is the dominant commute mode at 71%.

Overall, ZIP code 62438 in Lakewood, IL is characterized as working-class, well-educated, an older community, and predominantly owner-occupied. With 200 residents, a median household income of $49,727, and a median home value of $235,900, it offers a clear picture of life in this part of Illinois.