Lakewood Grove, Round Lake, IL
Lakewood Grove — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Lakewood Grove, Round Lake, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Lakewood Grove Neighborhood Overview
Lakewood Grove is a residential neighborhood located in the village of Round Lake, Illinois. Situated with coordinates at approximately 42.3668 latitude and -88.0888 longitude, it falls within the 60073 ZIP code. The community offers a suburban atmosphere with a focus on family living and local parks.
Lifestyle & Amenities
Residents enjoy a suburban lifestyle with access to community parks and local shopping. The neighborhood's location in Round Lake provides convenient proximity to essential retail and dining options. Outdoor recreation is a key feature, with green spaces available for families and individuals.
Real Estate Market
The real estate market in Lakewood Grove features primarily single-family homes. According to Census data, the median home value is $202,800, while current market metrics show an asking price per square foot of approximately $184. This indicates a market that offers relative affordability within the Greater Chicago area.
Schools & Education
Lakewood Grove is served by the Round Lake Area Schools district (Community Unit School District 116). Families in the neighborhood have access to the district's public elementary, middle, and high schools. The area is committed to providing educational services for its community.
Transportation & Connectivity
The neighborhood is conveniently accessed via major routes like Route 83 and Route 120. While primarily car-dependent, the area offers connectivity to broader regional transit networks. This provides residents with reasonable commuting options to employment centers in Lake County and beyond.
Why Choose Lakewood Grove
Lakewood Grove presents an attractive option for homebuyers seeking suburban affordability, with a median household income of $88,279 supporting the local economy. It offers a balanced community environment with a focus on residential comfort. The combination of accessible housing, community amenities, and a convenient location makes it a practical choice for many families.
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 Grove Market Data
| Metric | Value |
|---|---|
| Median Home Price | $203K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $88K |
| Homeownership Rate | 76.5% |
| Renter-Occupied | 23.5% |
| Rental Vacancy Rate | 4.5% |
| Market Type | Balanced |
| Market Tier | Mid-Market |
| Primary ZIP Code | 60073 |
| 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 Grove, Round Lake
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Lakewood Grove, Round Lake, 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 2026-10-14