What income do you need to buy a house in Lakewood, IL?

It takes about $65,000/yr to afford the typical Lakewood, IL home ($196K, +7.4% past year) at today's rates. See if you can afford a house in Lakewood (2026 data) — free, no signup.

Market snapshot (2026-09)

• Income needed to buy the typical home: about $65,000/yr (28% front-end ratio, 20% down, 7.24% 30-yr fixed, IL property tax and insurance)
• Typical home value: $196K (Zillow ZHVI, 2026-09)
• 1-year change: +7.4%
• Top 35% of homes start around: $356K
• Median household income: $174K
• Price-to-income ratio: 1.1
• Estimated payment on the typical home: $1,068/mo principal & interest (20% down, 7.24% 30-yr fixed)

Nearby housing markets

• Crystal Lake, IL — typical home $382K
• Lake in the Hills, IL — typical home $378K
• Huntley, IL — typical home $428K
• Algonquin, IL — typical home $414K
• Woodstock, IL — typical home $335K
• Cary, IL — typical home $381K

The most affordable cities to buy a house in Illinois

Home values are Zillow Group public data (ZHVI, updated monthly); income and population are US Census Bureau ACS 5-year estimates. Estimates only — not financial advice.

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