Lakewood, NY—14750
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lakewood, NY
As of Oct '25, the median home price in Lakewood, NY is $217,000, with a year-over-year change of 1.9%. This indicates that home prices in Lakewood, NY are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $217,000 | 1.9% |
| Single Family | $215,000 | 1.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $157,000 | -0.6% |
3 Bed | $211,000 | 2.4% |
4 Bed | $308,000 | 2.7% |
| 5 Bed | $459,000 | 4.3% |
% of Housing Stock
Rental Trends — Lakewood, NY
As of July '25, Rentcast reports the average rent in Lakewood, NY is $1,080, with a year-over-year rent change of -16.9%. Per bedroom, the median rent as of July '25 in Lakewood, NY is 1-bedrooms: $1,310, 2-bedrooms: $850. The most common rental property sizes in Lakewood, NY are 1-bedroom and 2-bedroom, accounting for 34.3% and 33.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $1,080 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,310 | $1,310 |
| 2 Bed Rent | $850 | $850 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lakewood, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Lakewood, NY is 60. This is a increase of 2.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $307,000 | 0.0% |
Listing Count | 37 | 38.0% |
| Listings as % of Homes | 0.6% | 38.0% |
Days on Market | 60 | 2.0% |
Demographics — Lakewood, NY
As of the latest ACS Survey released in 2023, Lakewood, NY has a population of 4,410, which has decreased by -1.6% over the past 5 years. Lakewood, NY is a moderately popular place for families, as children make up 19.6% of the population. The area has a moderately educated workforce, with 35.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,410 | -1.6% |
% Under 18 | 19.6% | 5.9% |
% Seniors | 25.6% | -3.0% |
% WFH | 9.6% | 182.4% |
% w/ College Degree | 35.4% | -3.0% |
As of the latest ACS Survey released in 2023, Lakewood, NY is a predominantly white area, with 89.2% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in Lakewood, NY is hispanic, making up 5.7% of the population. Foreign-born residents account for 1.6% of the population in Lakewood, NY, and this percentage has decreased by 33.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.2% | -6.4% |
% Black | 0.8% | 700.0% |
% Hispanic | 5.7% | 159.1% |
% Asian | 0.2% | -75.0% |
% Foreign Born | 1.6% | -33.3% |
Mortgage and Risk — Lakewood, NY
According to HUD data as of 2023, there were 65 mortgage originations in Lakewood, NY, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Lakewood, NY. Investor activity is low, as 2.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 65 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 2.0% |
% Second Loans | 23.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Lakewood, NY
Lakewood, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 45 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$340 | $1,310 | $970 |
| 2 Bedroom | $400 | $850 | $1,250 |
| 3 Bedroom | N/A | N/A | $1,620 |
| 4 Bedroom | N/A | N/A | $1,660 |
Affordability — Lakewood, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $217,000 |
| Median Household Income | $67,100 |