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Real Estate Prices & Overview

Lakewood Estates / Ceal median real estate price is $319,680, which is more expensive than 57.2% of the neighborhoods in Illinois and 43.1% of the neighborhoods in the U.S.

The average rental price in Lakewood Estates / Ceal is currently $1,840, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 54.8% of Illinois neighborhoods.

Lakewood Estates / Ceal is a suburban neighborhood (based on population density) located in Morris, Illinois.

Lakewood Estates / Ceal real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Lakewood Estates / Ceal neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built before 1940.

Real estate vacancies in Lakewood Estates / Ceal are 3.3%, which is lower than one will find in 78.0% of American neighborhoods. Demand for real estate in Lakewood Estates / Ceal is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Diversity

Did you know that the Lakewood Estates / Ceal neighborhood has more Norwegian and Polish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 12.6% of this neighborhood's residents have Norwegian ancestry and 14.2% have Polish ancestry.

Lakewood Estates / Ceal is also pretty special linguistically. Significantly, 12.3% of its residents five years old and above primarily speak Italian at home. While this may seem like a small percentage, it is higher than 98.6% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Lakewood Estates / Ceal neighborhood in Morris are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 51.6% of the neighborhoods in America. In addition, 3.4% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 70.0% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Lakewood Estates / Ceal neighborhood, 32.8% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 28.6% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (24.4%), and 14.2% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Lakewood Estates / Ceal neighborhood is English, spoken by 93.6% of households. Other important languages spoken here include Italian, Polish and Spanish.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Lakewood Estates / Ceal neighborhood in Morris, IL, residents most commonly identify their ethnicity or ancestry as German (22.5%). There are also a number of people of Irish ancestry (17.9%), and residents who report English roots (15.0%), and some of the residents are also of Polish ancestry (14.2%), along with some Norwegian ancestry residents (12.6%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Lakewood Estates / Ceal neighborhood spend under 15 minutes commuting one-way to work (41.1% of working residents), one of the shortest commutes across America.

Here most residents (88.8%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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