Lakewoods Acres
Solid value in a growing area
Median $102K·Schools 3.7/10
What catches people off guard is how close everything actually is—Lake Michigan is practically across the street, and a restaurant sits about a six-minute walk away, so you're not stranded out here despite the wooded, rural feel. The area draws folks looking for a real getaway, the kind of place where weekend cabins and small homes on quiet stretches actually work as year-round retreats or weekend escapes, especially if you're into fishing, hunting, or just being near water and trails. An unnamed park lands about a mile and a half down the road, and you're far enough from the highway noise to breathe, but close enough to slip into town whenever you need to. It's the rare spot where isolation doesn't mean inconvenience.
Why people love it here
$102K median
- Based on 3yr sales
Mortgage Calculator
Median home price in Lakewoods Acres
Estimated Monthly Payment
$692/mo
The interest rate shown is not an annual percentage rate (APR). Rate displayed is the current average 30-year fixed rate from the Freddie Mac Primary Mortgage Market Survey and is subject to change without notice. This is not a commitment to lend or an offer of credit. Your actual rate, payment, and costs may vary. Contact a loan officer for a personalized quote.
Guild Mortgage NMLS #3274. Equal Housing Lender. NMLS Consumer Access
Based on 3 rated schools nearby
Range: 3/10 to 4/10
School District: Baldwin Community Schools
Crime in Lakewoods Acres is reported at the city level, not the neighborhood level. The FBI doesn't publish reliable crime rates for individual neighborhoods, and within any community crime varies street to street. For an accurate, comparable picture, see the jurisdiction-wide figures for Lake County.
Lake County crime & safety stats →To buy a median-priced Lakewoods Acres home (around $102,000) at today's 6.43% 30-year fixed rate with 20% down, you'd need roughly $18k/year in household income to qualify — an estimated monthly payment of $675 (principal, interest, property tax est., and insurance).
| Down payment | Monthly payment | Income needed |
|---|---|---|
| 20% | $675/mo | $18,006 |
| 10% (+PMI) | $777/mo | $20,733 |
| 5% (+PMI) | $812/mo | $21,643 |
Estimates use a 6.43% 30-year fixed rate (current Freddie Mac average), an aggressive ~45% housing-to-income ratio (roughly what FHA underwriting can allow for a buyer with no other monthly debts — your number depends on your debts and credit), this area's median sale price, plus estimated insurance and PMI below 20% down. Not an APR or a commitment to lend — your actual rate and payment will vary.
Land for sale
Listings
4 parcels
Active / pending
Median Price
$22K
Per listing
Flood Risk
None
Not in flood zone
Nearest Park
Unnamed park
1.7 mi
Parks Nearby
0
within 1 mile
🍕 Restaurants(4)
Restaurant
Subway
Fast Food
Pompeiis Pizza
Restaurant
Fast Food
🌳 Parks(6)
+3 more within 5 miles
Frequently asked about Lakewoods Acres
- What do homes cost in Lakewoods Acres?
- The median home value in Lakewoods Acres is about $102,000. Individual prices vary by street, size, and condition.
- What schools serve Lakewoods Acres?
- Lakewoods Acres is served by Baldwin Community Schools. Its highest-rated assigned school is Baldwin Senior High School (4/10).
Top contributors in Lakewoods Acres
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