Lakewood Estates, Richton Park, IL
Lakewood Estates — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Lakewood Estates, Richton Park, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Lakewood Estates Neighborhood Overview
Lakewood Estates is a residential neighborhood within the village of Richton Park, Illinois. It offers residents a quiet, suburban atmosphere with convenient access to the broader Chicago Southland region. The community is characterized by its single-family homes and well-maintained streets.
Lifestyle & Amenities
Residents enjoy a family-friendly environment with local parks and recreational facilities nearby. The village of Richton Park provides community events and services, fostering a strong neighborhood feel. Shopping and dining options are available within the village and in surrounding commercial areas.
Real Estate Market
The housing market in Lakewood Estates features primarily single-family homes. According to the U.S. Census, the median home value is $183,000, and current market data indicates a price per square foot of approximately $142. The neighborhood represents an affordable entry point into the Chicago suburban market.
Schools & Education
Families in Lakewood Estates are served by the Richton Park School District 227 and other local elementary districts. The area provides access to public schools from elementary through high school levels. Parents have several educational options for their children within the community.
Transportation & Connectivity
The neighborhood benefits from good road access via major routes like I-57 and Sauk Trail. Public transportation is available through the Metra Rock Island District line at the Richton Park station, providing a direct commute to downtown Chicago. This connectivity makes it feasible for residents to work in the city while enjoying suburban living.
Why Choose Lakewood Estates
Lakewood Estates is an ideal choice for homebuyers seeking an affordable, stable community with a median household income of $71,432. It offers the perfect balance of suburban tranquility and urban accessibility via major highways and rail. The neighborhood provides a classic suburban lifestyle with a strong sense of community.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Redfin Neighborhood Market Tracker — redfin.com/news/data-center
Lakewood Estates Market Data
| Metric | Value |
|---|---|
| Median Home Price | $183K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $71K |
| Homeownership Rate | 49.0% |
| Renter-Occupied | 51.0% |
| Rental Vacancy Rate | 2.6% |
| Market Type | Seller's |
| Market Tier | Affordable |
| Primary ZIP Code | 60471 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 262,923 |
| VA Loan Originations | 10,875 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $270K |
| Conventional Loan Originations | 219,732 |
| FHA Loan Originations | 32,316 |
Top Real Estate Agents in Lakewood Estates, Richton Park
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Lakewood Estates, Richton Park, IL. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Illinois Department of Financial and Professional Regulation (IDFPR) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-16