City

Lakewood, IL

1 ZIP code  ·  Shelby County  ·  Illinois

👥200Population
💰$49,727Median HH Income▼ 35% below avg
🎂60.3Median Age
🏠$235,900Median Home Value▼ 15% below avg
🎓47.5%College Grads▲ 23% above avg
People & Population (ACS 2023 — weighted avg)
♂ Male 55.5% Female 44.5% ♀

Race & Ethnicity

White: 100%Race
White100.0%

Age Breakdown

25–44
10%
45–64
50%
65+
25%

Key Indicators

Median Age60.3 yrs
Avg HH Size2.06
Below Poverty10.5% ≈ Avg
College Grads47.5% ▲ 23% above 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
Median Home Value$235,900 ▼ 15% below avg
Home/Income Ratio4.7x (nat avg ~3.5x)
Total Housing Units97

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%
About Lakewood, IL

Lakewood is a city in Illinois, located in Shelby County. The city spans 1 ZIP code and is home to approximately 200 residents. It is an older city, with a median age of 60.3 years.

Economically, Lakewood is a working-class community. The median household income of $49,727 is below the national average. Approximately 10.5% of residents live below the poverty line.

The real estate market in Lakewood is an affordable housing market. Median home values stand at $235,900, which is below the national average. Homeownership is high at 88.7%, typical of suburban and family-oriented communities.

The population of Lakewood is well-educated. 47.5% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (100%).

Lakewood, IL offers residents a cost-conscious lifestyle within Illinois.

ZIP Codes in Lakewood
ZIPPopulationMedian IncomeMedian HomeMedian RentUnemp.CollegeOwner Occ.
62438 200 $49,727 $235,900 0.0% 47.5% 88.7%