Lakewood Falls, Romeoville, IL
Lakewood Falls — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Lakewood Falls, Romeoville, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Lakewood Falls Neighborhood Overview
Lakewood Falls is a master-planned community located in Romeoville, Illinois, offering a blend of suburban tranquility and modern convenience. Situated near the I-55 corridor, it provides residents with a family-friendly atmosphere and easy access to the broader Chicago metropolitan area. The neighborhood is known for its well-maintained homes, community parks, and scenic lakes.
Lifestyle & Amenities
Residents enjoy a variety of amenities centered around outdoor recreation and community living. The neighborhood features multiple parks, walking trails, and several lakes that provide a picturesque setting. Community pools, sports fields, and a clubhouse foster an active and social lifestyle for families and individuals alike.
Real Estate Market
The real estate market in Lakewood Falls primarily consists of single-family homes, many of which are part of the original master-planned development. According to the U.S. Census, the median home value is $233,800, while current market data indicates an asking price per square foot of approximately $229. The market offers a range of home styles and sizes suitable for various buyers.
Schools & Education
Lakewood Falls is served by Valley View School District 365U, which operates several schools in the Romeoville area. Families have access to elementary, middle, and high school options within the district. The community's focus on family life is complemented by these local educational resources.
Transportation & Connectivity
The neighborhood benefits from excellent connectivity via major roadways, primarily Interstate 55, which provides a direct route to Chicago and its southwestern suburbs. While primarily car-dependent, the area's location offers reasonable commuting options for those working in the region. Public transportation options are available through Pace bus services connecting to broader transit networks.
Why Choose Lakewood Falls
Lakewood Falls is an ideal choice for those seeking a planned community with a strong sense of neighborhood and abundant green space. Its combination of affordable housing, with a median household income of $96,317 supporting the local market, and convenient location makes it attractive to families and commuters. The community's built-in amenities and maintained environment provide a high quality of suburban living.
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 Falls Market Data
| Metric | Value |
|---|---|
| Median Home Price | $234K |
| Median Gross Rent | $2K/mo |
| Median Household Income | $96K |
| Homeownership Rate | 84.2% |
| Renter-Occupied | 15.8% |
| Rental Vacancy Rate | 7.8% |
| Market Type | Buyer's |
| Market Tier | Mid-Market |
| Primary ZIP Code | 60446 |
| 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 Falls, Romeoville
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Lakewood Falls, Romeoville, 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 2026-10-15