Why Live in Lakewood Falls
Lakewood Falls in Bolingbrook, a southwestern suburb of Chicago, features immediate access to U.S. Interstate 55 and a range of housing options with a small-town feel. The neighborhood offers a tranquil suburban environment with amenities from the local Homeowners Association, including a clubhouse, community pool, and outdoor tennis courts. Homes here, constructed in the late-1990s, range from Colonial Revivals and New Traditionals to Ranch-styles and multi-family duplexes, often featuring modern designs with attached garages and fenced backyards. The community is highly sought-after for its well-rated school district, including Indian Trail Middle and Plainfield East High School. Lakewood Falls Elementary also offers before and after-school care through the YMCA's KidZone program. Residents enjoy paved paths with lakefront views, shoreline fishing, and bird sightings at nearby Lake Renwick Preserve. Local parks like Lakewood Falls Community Park and Bruce Ponti Memorial Park provide green spaces for outdoor activities. Canlan Sports offers NHL-sized ice rinks and various hockey and skating programs. Shopping options include Louis Joliet Mall and grocery stores like Wal-Mart, Jewel-Osco, and Aldi. Dining options range from Niko’s Breakfast Club to Burritos Mi Tierra and Sushi Train Japanese Restaurant. The neighborhood is primarily car-dependent, with easy access to Bolingbrook and neighboring areas via I-55 and West Taylor Road. Public transportation is available at the Romeoville Metra Station, 6 miles away, and Chicago Bolingbrook International Airport is also 6 miles away. Annual events hosted by the Lakewood Falls Association, such as the Egg Hunt, Touch a Truck event, and Fourth of July fireworks show, foster a strong community spirit.
Frequently Asked Questions
Is Lakewood Falls a good place to live?
Lakewood Falls is a good place to live. Lakewood Falls is considered very car-dependent and somewhat bikeable. Lakewood Falls is a suburban neighborhood with a crime score of 2, making it safer than the average neighborhood in the U.S. Lakewood Falls has 9 parks for recreational activities. It is fairly dense in population with 12.7 people per acre and a median age of 36. The average household income is $100,866 which is above the national average. College graduates make up 29.1% of residents. A majority of residents in Lakewood Falls are home owners, with 15.2% of residents renting and 84.8% of residents owning their home. A
local real estate agent serving Lakewood Falls can help you decide if this neighborhood is the right one for you. Learn more on our
Lakewood Falls neighborhood guide.
Is Lakewood Falls, IL a safe neighborhood?
Lakewood Falls, IL is safer than the average neighborhood in the United States. It received a crime score of 2 out of 10.
How much do you need to make to afford a house in Lakewood Falls?
The median home price in Lakewood Falls is $296,250. If you put a 20% down payment of $59,200 and had a 30-year fixed mortgage with an interest rate of 6.31%, your estimated principal and interest payment would be $1,470 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $63K a year to afford the median home price in Lakewood Falls. The average household income in Lakewood Falls is $101K.
What are the best public schools in Lakewood Falls?
The best public schools that serve Lakewood Falls are:
What are the best private schools in Lakewood Falls?
The best private schools that serve Lakewood Falls are:
What are the most popular zip codes in Lakewood Falls, Bolingbrook, IL?
What are the most popular neighborhoods near Lakewood Falls, Bolingbrook, IL?
Home Trends in Lakewood Falls, IL
On average, homes in Lakewood Falls, Bolingbrook sell after 15 days on the market compared to the national average of 50 days. The median sale price for homes in Lakewood Falls, Bolingbrook over the last 12 months is $290,000, down 5% from the median home sale price over the previous 12 months.
Median Sale Price
$290,000
Median Single Family Sale Price
$295,500
Median Townhouse Sale Price
$285,000
Median 2 Bedroom Sale Price
$238,500
Average Price Per Sq Ft
$209
Number of Homes for Sale
12
Last 12 months Home Sales
117
Median List Price
$296,250
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-5%