Lakewood

Population: 4,699
Median household income: $185,774
Median home value: $518,500

Located in McHenry County, Illinois, Lakewood is a community with a population of 4,699. Its median household income of $185,774 runs above the McHenry County figure of $102,836.

From 2019 to 2023, Lakewood's population grew 24.3% from 3,780 to 4,699, while its median home value rose 33.4% from $388,800 to $518,500.

The median resident is 40.2 years old. The largest age group is 5 to 17, 27.1% of residents.

Demographics

ACS 2019–2023

Population: 4,699
Median age: 40.2 yrs
Median household income: $185,774
Median home value: $518,500
Median gross rent: —
Housing units: 1,554
Homeownership rate: 97.6%
Bachelor's degree or higher: 60.6%
Unemployment rate: 1.2%

Trends

ACS 5-year · 2019–2023

Population

3,7804,699

Median household income

$144,240$185,774

Median home value

$388,800$518,500

Year	Population	Median household income	Median home value
2019	3,780	$144,240	$388,800
2020	4,013	$149,583	$401,900
2021	4,489	$156,477	$411,800
2022	4,698	$172,891	$471,200
2023	4,699	$185,774	$518,500

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 53.3%

5 to 1727.1%

18 to 247.5%

25 to 343.4%

35 to 4413.7%

45 to 5422.6%

55 to 649.5%

65 to 748.4%

75 and over4.4%

	Count	Share
Under 5	157	3.3%
5 to 17	1,274	27.1%
18 to 24	351	7.5%
25 to 34	161	3.4%
35 to 44	644	13.7%
45 to 54	1,063	22.6%
55 to 64	447	9.5%
65 to 74	395	8.4%
75 and over	207	4.4%

Race & ethnicity

	Count	Share
White (non-Hispanic)	3,919	83.4%
Black or African American	22	0.5%
American Indian & Alaska Native	0	0.0%
Asian	183	3.9%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	84	1.8%
Hispanic or Latino (any race)	491	10.4%

Educational attainment (age 25+)

No high school diploma1.7%

High school graduate12.8%

Some college or associate's25.0%

Bachelor's degree35.2%

Graduate or professional degree25.4%

	Count	Share
No high school diploma	50	1.7%
High school graduate	372	12.8%
Some college or associate's	728	25.0%
Bachelor's degree	1,027	35.2%
Graduate or professional degree	740	25.4%

Commute to work

Mean travel time to work: 28 min

Drove alone67.1%

Carpooled2.7%

Public transit4.9%

Walked0.0%

Bicycle0.0%

Worked from home24.5%

Other means0.8%

How workers get to work

	Count	Share
Drove alone	1,504	67.1%
Carpooled	61	2.7%
Public transit	109	4.9%
Walked	0	0.0%
Bicycle	0	0.0%
Worked from home	549	24.5%
Other means	19	0.8%

Travel time

	Count	Share
Under 15 min	497	29.4%
15 to 29 min	437	25.8%
30 to 44 min	283	16.7%
45 to 59 min	286	16.9%
60+ min	190	11.2%

Households

Average household size: 3.13
Poverty rate: 3.2% (149 of 4,699)

	Count	Share
Family households	1,218	81.3%
Nonfamily households	281	18.7%

Housing

Median year structure built: 1998

Occupancy

	Count	Share
Occupied	1,499	96.5%
Vacant	55	3.5%

Tenure (of occupied units)

	Count	Share
Owner-occupied	1,463	97.6%
Renter-occupied	36	2.4%

1-unit, detached92.9%

1-unit, attached5.1%

2 to 4 units2.1%

5 to 19 units0.0%

20 or more units0.0%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	1,443	92.9%
1-unit, attached	79	5.1%
2 to 4 units	32	2.1%
5 to 19 units	0	0.0%
20 or more units	0	0.0%
Mobile home & other	0	0.0%

Geography

Place GEOID: 1741651
Type (LSAD): 47
Land area: 4.59 sq mi
Water area: 0.3 sq mi
Center point: 42.2245, -88.3867