Lakewood CDP Wisconsin Area Home Supply Charts

This page looks at a variety of Lakewood CDP Wisconsin housing market data taken from the most recent 2019 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Lakewood CDP depicts it has a housing units of 293 which is the second most housing units of all the places in the greater Lakewood CDP region.

Figure 2 illustrates the housing density in the Lakewood CDP housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Lakewood CDP shows it has a housing density of 105.4 which is less than most other places in the metropolitan area. The place with the highest housing density in the area is Townsend CDP which depicts a density of 346.5 (approximately 3.3 times bigger). Comparing housing density to the United States average of 38.6, Lakewood CDP is approximately 2.7 times bigger. Also, measured against the state of Wisconsin, housing density of 49.6, Lakewood CDP is about twice as large.

In Figure 4, Lakewood CDP area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Lakewood CDP depicts it has a change in the housing units of 17.7% which is more than all other places in the local area. Comparing change in the housing units to the United States average of 4.9%, Lakewood CDP is approximately 3.6 times bigger. Also, measured against the state of Wisconsin, change in the housing units of 2.2%, Lakewood CDP is substantially bigger.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Lakewood CDP depicts it has a renter percent of 30.4% which is in the mid range of other places in the greater region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has an owner percent of 69.6% which is in the mid point range of other places in the greater region.

Lakewood CDP Wisconsin Home Cost Charts

Looking at the housing data provided in Figure 7, the average Lakewood CDP home price is illustrated for this community and a useful analysis of affordable housing. Lakewood CDP shows it has a median home price of $135,700 which is the second most of all the places in the surrounding region. The place with the highest median home price in the area is Townsend CDP which depicts a home price of $160,400 (18.2% larger). Figure 8 provides aggregate comparative data for the Lakewood CDP Wisconsin metro area in terms of the median housing rental rate, apartment rent, etc. Lakewood CDP depicts it has a rental rates of $721 which is at the top of all other places in the greater Lakewood CDP region. Comparing rental rates to the United States average of $1,023, Lakewood CDP is approximately three-fourths the size. Also, measured against the state of Wisconsin, rental rates of $837, Lakewood CDP is about 16.1% smaller.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Lakewood CDP has the smallest proportion of home price worth less than $50,000 at 7% of the total. Second, it has the second smallest when ranked by home price worth less than $50,000 of all the other places in the metro area when ranked by home price worth between $50,000 to $100,000 at 24% of the total. Third, it has the largest proportion of home price worth between $100,000 to $200,000 at 51% of the total and is ranked #1.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Lakewood CDP shows it has a median ownership cost of $595 which is the second most median ownership cost of all the places in the greater Lakewood CDP region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Lakewood CDP metro area. it has a cost as a percent of household income of 20% which is the second most cost as a percent of household income of all the places in the greater Lakewood CDP region. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Lakewood CDP shows it has a median home value as a percent of median worker earnings of 456% which is the second most median home value as a percent of median worker earnings of all the places in the greater Lakewood CDP region.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Lakewood CDP depicts it has a median housing cost of $793 which is in the mid range of other places in the greater region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a median housing cost of $465 which is the most of all places in the surrounding region.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Lakewood CDP has the smallest proportion of owner cost less than $300 at 5% of the total. Second, it has the smallest proportion of owner cost between $300 and $500 at 23% of the total. Third, it has the largest proportion of owner cost between $500 and $700 at 24% of the total and is ranked #1. Also, it has one of the largest proportions of owner cost between $700 and $1,000 at 28% of the total and is ranked #2. The only larger place being Mountain CDP with 31%.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Lakewood CDP depicts it has a cost as a percent of household income of 21% which is the third most cost as a percent of household income of all other places in the greater Lakewood CDP region. The place with the highest cost as a percent of household income in the area is Mountain CDP which indicates a cost as a percent of household income of 27% (28.2% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Lakewood CDP depicts it has a cost as a percent of household income of 14% which is less than most other places in the local area. The place with the highest cost as a percent of household income in the area is White Lake which depicts a cost as a percent of household income of 16% (21.3% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Lakewood CDP has one of the largest proportions of rent as a percent of income is between 40pct to 50pct at 8% of the total and is ranked #3. Only #2 Wabeno CDP (13%), and #1 Laona CDP (17%) are larger. Second, it has one of the largest proportions of rent as a percent of income is over 50pct at 14% of the total and is ranked #3. Only #2 White Lake (22%), and #1 Wabeno CDP (50%) are larger.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Lakewood CDP has the smallest proportion of housing cost less than $300 at 4% of the total. Second, it has the largest proportion of housing cost between $700 and $1,000 at 34% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a median real estate taxes paid of $1,643 which is more than all other places in the greater Lakewood CDP region. Comparing median real estate taxes paid to the United States average of $2,375, Lakewood CDP is approximately three-fourths the size. Also, measured against the state of Wisconsin, median real estate taxes paid of $3,308, Lakewood CDP is approximately half the size.

Figure 22 shows the percentage of renters who pay for utilities in Lakewood CDP Wisconsin. This is calculated as the percent of renters who pay separately for utilities versus the people who have utilities included as part of amenities. Lakewood CDP has the largest proportion of pay extra for utilities at 100% of the total and is ranked #1.

Figure 23 shows the rental rate distribution for this area. Lakewood CDP Wisconsin has one of the largest proportions of rent between 500 and 750 dollars at 59% of the total and is ranked #3. Only #2 Mountain CDP (72%), and #1 Townsend CDP (100%) are larger.

Lakewood CDP Wisconsin Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Lakewood CDP has one of the largest proportions of with mortgage at 54% of the total and is ranked #2. The only larger place being White Lake with 60%. Second, it has one of the largest proportions of no 2nd mortgage and no heloc at 51% of the total and is ranked #2. The only larger place being White Lake with 54%. Third, it has the second smallest when ranked by with mortgage of all the other places in the greater region when sorted by no mortgage at 46% of the total.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Lakewood CDP has one of the largest proportions of houses with mortgages at 54% of the total and is ranked #2. The only larger place being White Lake with 60%. Second, it has the second smallest when ranked by houses with a mortgage of all the other places in the greater region in order of houses without mortgages at 46% of the total.

Lakewood CDP Wisconsin Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a family members per housing unit of 2.4 which is the second smallest when sorted by family members per housing unit of all the other places in the surrounding region. The place with the highest family members per housing unit in the area is Suring which depicts a family members per housing unit of 3.0 (23.2% larger). Comparing family members per housing unit to the United States average of 3.3, Lakewood CDP is approximately three-fourths the size. Also, compared with the state of Wisconsin, family members per housing unit of 3.1, Lakewood CDP is approximately three-fourths the size.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has an average number of rooms in a house of 4.9 which is in the mid range of other places in the metro area. The place with the highest average number of rooms in a house in the area is Laona CDP which shows an average number of rooms in a house of 5.4 (10.2% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a year built of 1987 which is ranked #1 of all places in the greater Lakewood CDP region.

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has the largest proportion of homes built between 2000 to 2009 at 20% of the total and is ranked #1. Second, it has one of the largest proportions of homes built between 1990 to 1999 at 22% of the total and is ranked #3. Only #2 Mountain CDP (23%), and #1 Townsend CDP (30%) are larger. Third, it has the largest proportion of homes built between 1980 to 1989 at 23% of the total and is ranked #1. Also, it has the smallest proportion of homes built between 1950 to 1959 at 1% of the total. In addition, it has less than most other places in the area when sorted by homes built between 1940 to 1949 at 4% of the total. Furthermore, it has the smallest proportion of homes built between 1939 or earlier at 6% of the total.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the percentage of owner housing units in the mid range of other places in the greater region at 112 of the total. Second, it has in the mid range of other places in the greater region when sorted by renter housing units at 49 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has the largest proportion of one unit attached at 2% of the total and is ranked #1. Second, it has one of the largest proportions of mobile home at 17% of the total and is ranked #2. The only larger place being Townsend CDP with 23%.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has one of the largest proportions of value of homes built 2000 to 2009 at $225,000 of the total and is ranked #2. The only larger place being Wabeno CDP with $256,300. Second, it has one of the largest proportions of value of homes built 1990 to 1999 at $150,000 of the total and is ranked #3. Only #2 Townsend CDP ($162,500), and #1 White Lake ($187,500) are larger. Third, it has one of the largest proportions of value of homes built 1980 to 1989 at $86,300 of the total and is ranked #2. The only larger place being Townsend CDP with $212,500. Also, it has one of the largest proportions of value of homes built 1970 to 1979 at $109,100 of the total and is ranked #2. The only larger place being Mountain CDP with $125,000.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Lakewood CDP residents. it has a homeowner household size of 2.0 which is less than most other places in the local area. The place with the highest homeowner household size in the area is Suring which depicts a homeowner household size of 2.1 (only about 4.9% larger).

Figure 37 shows the household size for renters. Lakewood CDP shows it has a renter household size of 1.4 which is the smallest when sorted by renter household size of all the other places in the metro area. The place with the highest renter household size in the area is Laona CDP which depicts a renter household sizes of 2.0 (39.7% larger). Figure 38 shows the year that people who own homes moved into this region. it has the largest proportion of owners moved in 1990 to 1999 at 31% of the total and is ranked #1. Second, it has the smallest proportion of owners moved in 1989 or earlier at 11% of the total. Figure 39 shows the year that people who rent moved into the area. Lakewood CDP has one of the largest proportions of renters moved in 2017 or later at 12% of the total and is ranked #3. Only #2 White Lake (12%), and #1 Mountain CDP (17%) are larger. Second, it has in the center range of other places in the greater region as measured by renters moved in 2015 to 2016 at 17% of the total. Third, it has less than most other places in the greater region when sorted by renters moved in 2010 to 2014 at 43% of the total. Also, it has one of the largest proportions of renters moved in 2000 to 2009 at 23% of the total and is ranked #2. The only larger place being White Lake with 29%. In addition, it has the largest proportion of renters moved in 1990 to 1999 at 4% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a median year that a home owner moved in of 2002 which is the second most of all the places in the local area. Figure 41 compares the median year that renters moved into their home. Lakewood CDP shows it has a median year that a renter moved in of 2012 which is in the middle range of other places in the metro area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has one of the largest proportions of home using bottled, tank, or lp gas at 14% of the total and is ranked #2. The only larger place being Mountain CDP with 25%. Second, it has the largest proportion of homes using some other fuel at 4% of the total and is ranked #1.