Housing data for Lakewood Township, IL
Lakewood Township, IL has an estimated 335 residents and 165 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a township in Shelby County.
7.9% of households rent.
Figures last updated on .
- Residents
- 335 (±115)
- Housing units
- 165 (±57)
- Households that rent
- 7.9%
- Residents since 2015–2019
- −8.0%
What stands out in Lakewood Township
Households that moved in since 2020: 45.5% (±27.3 points) in Lakewood Township, higher than in Shelby County (14.6%).
Median household income: $115,875 (±$41,335) in Lakewood Township, higher than in Shelby County ($72,095).
Households that rent: 7.9% (±10.8 points) in Lakewood Township, lower than in Shelby County (21.6%).
Median home value: $212,200 (±$31,315) in Lakewood Township, higher than in Shelby County ($137,100).
Housing in Lakewood Township at a glance
- Renters and owners: 7.9% of households rent (Small sample: wide margin of error)
- Income and affordability: $115,875 median household income (Small sample: wide margin of error)
- Home values: $212,200 median home value
- Homeowner costs: $1,201 median monthly cost with a mortgage
- Types of homes: 0.0% of homes are in buildings of 5 or more units (Small sample: wide margin of error)
- Bedrooms: 62.4% of homes have 3 or more bedrooms (Small sample: wide margin of error)
- Age of homes: 53.9% of homes were built before 1980 (Small sample: wide margin of error)
- Vacancy rate: 0.0% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 49.7% heat with propane (Small sample: wide margin of error)
- Commute and cars: 18.9 minutes average trip to work (Small sample: wide margin of error)
- Growth: −8.0% residents since 2015–2019 (Small sample: wide margin of error)
- How long people stay: 45.5% moved in since 2020 (Small sample: wide margin of error)
- Crowding and facilities: 7.3% of homes have more than 1 person per room (Small sample: wide margin of error)
Lakewood Township against Shelby County, its state and the nation
| Lakewood Township | Shelby County | Illinois | United States | |
|---|---|---|---|---|
| Residents | 335 (±115) | 20,720 (exact) | 12,694,798 (exact) | 334,922,499 |
| Housing units | 165 (±57) | 10,060 (±36) | 5,457,452 (±471) | 143,775,355 |
| Households that rent | 7.9% (±10.8 points) | 21.6% (±2.3 points) | 32.9% (±0.2 points) | 34.8% |
| Median gross rent | — | $814 (±$91) | $1,274 (±$5) | $1,413 |
| Median household income | $115,875 (±$41,335) | $72,095 (±$4,523) | $83,390 (±$362) | $80,734 |
| Median home value | $212,200 (±$31,315) | $137,100 (±$8,548) | $263,300 (±$797) | $332,700 |
| Median real estate taxes (a year) | — | $2,063 (±$171) | $5,298 (±$22) | $3,119 |
| Built before 1980 | 53.9% (±32.0 points) | 66.8% (±4.8 points) | 63.4% (±0.2 points) | 49.7% |
| Average commute | 18.9 minutes (±4.8) | 20.8 minutes (±1.5) | 27.8 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 90.9% (±9.2 points) | 88.6% (±1.9 points) | 90.8% (±0.1 points) | 91.0% |
| Median age of residents | 52.6 years (±24.6) | 45.3 years (±0.3) | 39.0 years (±0.1) | 38.9 years |
Lakewood Township covers 30.1 square miles of land, about 11 residents per square mile (Census Bureau Gazetteer).
How Lakewood Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 364 (±186) | 335 (±115) | −8.0% | Not a measurable change |
| Housing units | 180 (±61) | 165 (±57) | −8.3% | Not a measurable change |
| Median home value | $115,600 (±$58,095) | $212,200 (±$31,315) | +83.6% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,464 (±$1,165) | $1,201 (±$109) | −18.0% | No measurable change after inflation |
| Households that rent | 15.1% (±12.3 points) | 7.9% (±10.8 points) | −7.2 percentage points | Not a measurable change |
| Rental vacancy rate | 0.0% (±62.2 points) | 0.0% (±88.4 points) | 0.0 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Shelby County
Lakewood Township has no police department of its own in the FBI’s figures, so this is the figure for Shelby County as a whole.
In 2024, the police departments that report for Shelby County recorded 84 violent and 289 property crimes per 100,000 residents.
A county-wide figure describes the whole county, not this place; crime varies from one community to the next.
ZIP codes in Lakewood Township
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 62438 | 81% | 238 | — | $218,400 | $71,786 |
| 62422 | 19% | 926 | $720 | $105,900 | $75,074 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Lakewood Township
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Cowden | 4.3 mi | $698 | $77,000 | 36.1% |
| Dry Point Township | 4.5 mi | $720 | $107,500 | 22.6% |
| Cold Spring Township | 5.5 mi | — | $194,900 | 18.0% |
| Rose Township | 5.8 mi | $854 | $132,900 | 38.4% |
| Clarksburg Township | 6.0 mi | — | $156,100 | 0.0% |
| Holland Township | 7.4 mi | — | $105,600 | 0.0% |
| Tower Hill | 7.4 mi | $783 | $68,300 | 16.0% |
| Shelbyville | 7.6 mi | $767 | $116,400 | 40.9% |
HUD Fair Market Rent for Lakewood Township, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $659 | $766 | $946 | $1,127 | $1,400 |
HUD income limits for Lakewood Township, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $19,200 | $32,000 | $51,200 |
| 2 people | $21,950 | $36,600 | $58,500 |
| 3 people | $27,320 | $41,150 | $65,800 |
| 4 people | $33,000 | $45,700 | $73,100 |
| 5 people | $38,680 | $49,400 | $78,950 |
| 6 people | $44,360 | $53,050 | $84,800 |
| 7 people | $50,040 | $56,700 | $90,650 |
| 8 people | $55,720 | $60,350 | $96,500 |
These are the limits HUD sets for its housing programs in the Shelby County, IL, where HUD’s median family income for fiscal year 2026 is $91,400.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Lakewood Township
What is the average home value in Lakewood Township, IL?
The Census Bureau publishes the median: $212,200 (±$31,315) for owner-occupied homes in Lakewood Township (2020–2024 American Community Survey).
What is the average mortgage payment in Lakewood Township?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Lakewood Township, IL is $1,201 (±$109) a month, including taxes, insurance and utilities.
Is Lakewood Township growing?
In Lakewood Township, the number of residents went from 364 in 2015–2019 to 335 in 2020–2024 (−8.0%), not a measurable change.
What ZIP codes are in Lakewood Township?
The ZIP codes that cover Lakewood Township are 62438, 62422.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Lakewood township, Shelby County, Illinois
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lakewood township, Shelby County, Illinois
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Lakewood township, Shelby County, Illinois
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Lakewood township, Shelby County, Illinois
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Lakewood township, Shelby County, Illinois
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Lakewood township, Shelby County, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Lakewood township, Shelby County, Illinois
- HUD Fair Market Rents, fiscal year 2027: Shelby County, IL
- HUD Income Limits, fiscal year 2026: Shelby County, IL
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Lakewood township, Shelby County, Illinois (county subdivision:41690, in state:17 county:173).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .