HomeIllinoisMcHenry CountyLakewood
Lakewood, Illinois: commercial real estate data.
Lakewood is a Census village of 4,707 people across 4.59 square miles of land, in McHenry County. Median household income is $173,625, 96.7 percent of occupied homes are owned, and the SBA record carries 1 7(a) approvals to borrowers here worth $350,000 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Lakewood
What Lakewood is
- Census place typevillage
- Land area4.59 sq mi
- Water area0.3 sq mi
- Population per square mile of land1,026
- County holding the largest share of its areaMcHenry County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lakewood
How many people live in Lakewood
- Population4,707
- Median age42.9
- Population under 181,369
- Share under 1829.1 percent
- Population 65 and over575 plus or minus 144
- Share 65 and over12.2 percent plus or minus 2.9
- Households1,585
- Family households1,295
- Share of households that are families81.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lakewood
Income and work in Lakewood
- Median household income$173,625
- Per capita income$79,413
- Civilian labor force2,472
- Employed2,437
- Unemployed35 plus or minus 38
- Unemployment rate1.4 percent plus or minus 1.5
- Adults 25 and over3,041
- Adults 25 and over with a high school diploma or higher98.2 percent
- Adults 25 and over with a bachelor degree or higher61.3 percent
- Adults 25 and over with a graduate degree24.8 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lakewood
Housing in Lakewood
- Housing units1,641
- Occupied units1,585
- Vacant units56 plus or minus 82
- Vacancy rate3.4 percent plus or minus 5.0
- Owner occupied1,533
- Renter occupied52 plus or minus 50
- Ownership rate96.7 percent
- Median owner-occupied home value$552,600
- Single family units1,611
- Share single family98.2 percent
- Units in buildings of two or more30 plus or minus 29
- Share in buildings of two or more1.8 percent plus or minus 1.8
- Mobile homes0
- Median year structure built1999
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lakewood
How Lakewood gets to work
- Workers 16 and over who commute1,750
- Commuting under 15 minutes458 plus or minus 204
- Share commuting under 15 minutes26.2 percent plus or minus 10.9
- Commuting 30 minutes or more755 plus or minus 186
- Share commuting 30 minutes or more43.1 percent
- Drove alone68.3 percent
- Carpooled1.7 percent plus or minus 2.1
- Public transport3.9 percent plus or minus 2.9
- Walked0.0 percent
- Worked from home26.1 percent plus or minus 7.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lakewood
SBA loans in Lakewood (7(a))
- Approvals1
- Gross approval$350,000
- Average approval$350,000
- Median approval$350,000
- Largest approval$350,000
- Jobs supported1
- Jobs per approval1.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS1
Counted by borrower city: approvals to borrowers whose address is in Lakewood, in any county, FY2020 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Lakewood
Flood risk in Lakewood
- NFIP communityVillage of Lakewood
- NFIP community number170805
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date11/16/06(M)
The Village of Lakewood participates in the National Flood Insurance Program as community 170805 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
McHenry County, not Lakewood
McHenry County context, not Lakewood figures
- Establishments in McHenry County8,140
- Covered employment, McHenry County96,922
- Average annual pay, McHenry County$55,107
- Housing units permitted, McHenry County1,565
Every figure in this section is published for McHenry County as a whole and is not a measurement of Lakewood.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Lakewood questions, answered from the record.
How many people live in Lakewood, Illinois?
4,707, in 1,585 households. Lakewood village covers 4.59 square miles of land, which is 1,026 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Lakewood in?
McHenry County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Lakewood?
$173,625. The median owner-occupied home is valued at $552,600. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Lakewood businesses?
1 7(a) approvals totaling $350,000 since FY2020, across 1 lenders, median approval $350,000. These count approvals to borrowers whose address is in Lakewood, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Lakewood borrowers get paid back?
No rate is published for Lakewood. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Lakewood in the National Flood Insurance Program?
Yes. Lakewood appears in the FEMA Community Status Book as Lakewood, village of, community 170805, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Lakewood figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for McHenry County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Lakewood.
Is zoning published for Lakewood?
No. Nothing on this page presents parcel level zoning.