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 2021 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 278 which is the third most housing units of all other 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 100.0 which is less than most other places in the greater region. The place with the highest housing density in the area is Townsend CDP which shows a density of 482.6 (approximately 4.8 times bigger). Comparing housing density to the United States average of 39.2, Lakewood CDP is approximately 2.6 times bigger. Also, compared to the state of Wisconsin, housing density of 50.1, 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 Housing Unit Change of 11.6% which is the second most housing units of all the places in the greater Lakewood CDP region. The place with the highest change in the housing units in the area is Townsend CDP which depicts a housing units of 14.0% (20.5% larger). Comparing change in the housing units to the United States average of 6.5%, Lakewood CDP is about twice as large. Also, benchmarked against the state of Wisconsin, change in the housing units of 3.2%, Lakewood CDP is approximately 3.6 times 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 shows it has a Renter Percent of 28.8% which is in the mid range of other places in the metropolitan area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 71.2% which is in the mid range of other places in the surrounding 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 Value of $123,500 which is the second most median home prices of all the places in the greater Lakewood CDP region. The place with the highest median home price in the area is Townsend CDP which shows a home price of $182,800 (48.0% 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 shows it has a Median Gross Rent of $773 which is the largest of all places in the greater Lakewood CDP region. Comparing rental rates to the United States average of $1,096, Lakewood CDP is approximately three-fourths the size. Also, benchmarked against the state of Wisconsin, rental rates of $872, Lakewood CDP is about 12.8% 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 percentage of home price worth less than $50,000 less than most other places in the area at 25% of the total. Second, it has the largest proportion of home price worth between $50,000 to $100,000 at 54% 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 Owner Cost of $583 which is the second most of all the places in the greater 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 Owner Cost as % of HH Income of 17% which is less than most other places in the metro area.

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 Percent of Median Earnings of 383% 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 indicates it has a Median Owner Costs-With Mortgage of $794 which is less than most other places in the local area. 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 Owner Costs-Without Mortgage of $291 which is the smallest when sorted by median housing cost of all the other places in the metropolitan area.

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 percentage of owner cost less than $300 the second smallest as measured by owner cost less than $300 of all the other places in the area at 20% of the total. Second, it has the largest proportion of owner cost between $500 and $700 at 31% of the total and is ranked #1.

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 % of Income Owner Costs-With Mortgage of 19% which is the second smallest in terms of cost as a percent of household income of all the other places in the greater region. The place with the highest cost as a percent of household income in the area is Laona CDP which depicts a cost as a percent of household income of 51% (approximately 2.7 times bigger). 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 shows it has a % of Income Owner Costs-No Mortgage of 9% which is the second smallest in terms of cost as a percent of household income of all the other places in the metropolitan area. The place with the highest cost as a percent of household income in the area is Wabeno CDP which depicts a cost as a percent of household income of 33% (approximately 3.7 times bigger).

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 less than 10 pct at 20% of the total and is ranked #3. Only #2 Wabeno CDP (24%), and #1 Laona CDP (31%) are larger. Second, it has less than most other places in the surrounding region in terms of rent as a percent of income is between 10pct to 20pct at 12% of the total. Third, it has the largest proportion of rent as a percent of income is between 30pct to 40pct at 27% of the total and is ranked #1. Also, it has in the mid range of other places in the metropolitan area in order of rent as a percent of income is between 40pct to 50pct at 8% of the total.

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 11% of the total. Second, it has the largest proportion of housing cost between $500 and $700 at 36% 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 $1,442 which is in the middle range of other places in the metro area. The place with the highest median real estate taxes paid in the area is Townsend CDP which depicts a taxes paid of $2,295 (59.2% larger). Comparing median real estate taxes paid to the United States average of $2,551, Lakewood CDP is approximately half the size. Also, versus the state of Wisconsin, median real estate taxes paid of $3,370, Lakewood CDP is approximately half the size.

Figure 23 shows the rental rate distribution for this area. Lakewood CDP Wisconsin has the percentage of rent between 300 and 500 dollars less than most other places in the area at 33% of the total. Second, it has the largest proportion of rent between 500 and 750 dollars at 33% of the total and is ranked #1. Third, it has one of the largest proportions of rent between 750 and 1000 dollars at 20% of the total and is ranked #2. The only larger place being Wabeno CDP with 24%. Also, it has the largest proportion of rent between 1000 and 1500 dollars at 4% of the total and is ranked #1.

Lakewood CDP Wisconsin Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Lakewood CDP has the largest proportion of With mortgage at 54% of the total and is ranked #1. Second, it has the smallest proportion of With HELOC no Primary Mortgage at 40% of the total.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Lakewood CDP has the smallest proportion of houses with mortgages at 40% 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 size of 2.6 which is less than most other places in the local area. The place with the highest family members per housing unit in the area is Suring which shows a family members per housing unit of 2.9 (13.0% larger). Comparing family members per housing unit to the United States average of 3.3, Lakewood CDP is approximately three-fourths the size. Also, versus the state of Wisconsin, family members per housing unit of 3.1, Lakewood CDP is about 17.9% smaller.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 5.1 which is the third most of all other places in the local area. The place with the highest average number of rooms in a house in the area is Wabeno CDP which shows an average number of rooms in a house of 5.7 (11.8% 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 Median Year Built of 1986 which is the most 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 2010 to 2013 at 22% of the total and is ranked #1. Second, it has one of the largest proportions of homes built between 2000 to 2009 at 17% of the total and is ranked #2. The only larger place being Mountain CDP with 18%. Third, it has the largest proportion of homes built between 1990 to 1999 at 27% of the total and is ranked #1. Also, it has the smallest proportion of homes built between 1980 to 1989 at 4% of the total. In addition, it has the second smallest in terms of homes built in 2014 or later of all the other places in the metro area in terms of homes built between 1960 to 1969 at 5% of the total. Furthermore, it has the second smallest when ranked by homes built in 2014 or later of all the other places in the metro area as measured by homes built between 1940 to 1949 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. it has one of the largest proportions of owner housing units at 49 of the total and is ranked #3. Only #2 Suring (76), and #1 Laona CDP (90) are larger.

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 detached at 1% of the total and is ranked #1. Second, it has one of the largest proportions of 50 or more units at 19% of the total and is ranked #3. Only #2 Mountain CDP (24%), and #1 Townsend CDP (26%) are larger.

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 2010 to 2013 at $106,900 of the total and is ranked #3. Only #2 White Lake ($116,100), and #1 Mountain CDP ($137,500) are larger. Second, it has one of the largest proportions of value of homes built 2000 to 2009 at $166,100 of the total and is ranked #2. The only larger place being White Lake with $175,000.

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 Owner-Household Size of 2.0 which is in the mid range of other places in the metro area. The place with the highest homeowner household size in the area is Laona CDP which depicts a homeowner household size of 2.2 (12.6% larger).

Figure 37 shows the household size for renters. Lakewood CDP shows it has a Renter-Household Size of 2.4 which is the second most renter household sizes of all the places in the greater Lakewood CDP region. The place with the highest renter household size in the area is Laona CDP which depicts a renter household sizes of 2.4 (only about 3.8% larger). Figure 38 shows the year that people who own homes moved into this region. has the percentage of owners moved in 2019 or later less than most other places in the greater region at 13% of the total. Second, it has one of the largest proportions of owners moved in 2000 to 2009 at 30% of the total and is ranked #2. The only larger place being Mountain CDP with 31%. Figure 39 shows the year that people who rent moved into the area. Lakewood CDP has the percentage of renters moved in 2019 or later less than most other places in the metro area at 33% of the total. Second, it has less than most other places in the local area when sorted by renters moved in 2015 to 2018 at 13% of the total. Third, it has the largest proportion of renters moved in 2010 to 2014 at 11% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2003 which is the third most median year that a home owner moved in of all other places in the greater Lakewood CDP region. Figure 41 compares the median year that renters moved into their home. Lakewood CDP shows it has a Renter Median Year Moved In of 2016 which is the second most median year that a renter moved in of all the places in the greater Lakewood CDP region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has the largest proportion of homes using natural gas at 26% of the total and is ranked #1. Second, it has in the mid range of other places in the local area as measured by home using bottled, tank, or lp gas at 6% of the total. Third, it has the second smallest in order of homes using natural gas of all the other places in the surrounding region as measured by homes using coal or coke at 2% of the total. Also, it has one of the largest proportions of homes using solar energy at 3% of the total and is ranked #2. The only larger place being Mountain CDP with 3%.