Lakewoods Acres #2
Solid value in a growing area
Median $142K·Schools 3.7/10
The water table here sits so close to the surface that wells run shallow and cheap—a practical detail that quietly defines everything about building out in this stretch. Homes tend toward modest footprints on larger lots, with finished basements doing the heavy lifting for extra living space, and the area draws people comfortable with county-maintained roads and real distance from the noise.
Why people love it here
$142K median
- 2 recent sales
Conventional Mortgage Calculator
Median home price in Lakewoods Acres #2
Estimated Monthly Payment
$964/mo
Property tax and insurance are estimates you can edit — not a quote. Tap either figure to enter your own.
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. Your actual rate, payment, and costs may vary. Contact a loan officer for a personalized quote.
Guild Mortgage NMLS #3274. Equal Housing Opportunity. NMLS Consumer Access. Not a commitment to lend. All loans subject to underwriter approval; terms and conditions may apply. Subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.
Based on 3 rated schools nearby
Range: 3/10 to 4/10
School District: Baldwin Community Schools
Crime in Lakewoods Acres #2 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 #2 home (around $141,950) at today's 6.49% 30-year fixed rate with 20% down, you'd need roughly $25k/year in household income to qualify — an estimated monthly payment of $944 (principal, interest, property tax est., and insurance).
| Down payment | Monthly payment | Income needed |
|---|---|---|
| 20% | $944/mo | $25,177 |
| 10% (+PMI) | $1,087/mo | $28,987 |
| 5% (+PMI) | $1,135/mo | $30,261 |
Estimates use a 6.49% 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 a commitment to lend, and not an APR — your actual rate and payment will vary.
Land for sale
Listings
1 parcel
Active / pending
Median Price
$8K
Per listing
Flood Risk
None
Not in flood zone
Nearest Park
Unnamed park
2.0 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 #2
- What do homes cost in Lakewoods Acres #2?
- The median home value in Lakewoods Acres #2 is about $141,950. Individual prices vary by street, size, and condition.
- How active is the Lakewoods Acres #2 housing market?
- no homes are listed in Lakewoods Acres #2 right now, and 2 homes sold here in the last 12 months. Listings refresh throughout the day from the MichRIC MLS.
- What schools serve Lakewoods Acres #2?
- Lakewoods Acres #2 is served by Baldwin Community Schools. Its highest-rated assigned school is Baldwin Senior High School (4/10).
Top contributors in Lakewoods Acres #2
Detailed statistics are being computed for this location. Demographics, home values, schools, flood risk, and more will appear here automatically.