Lakewood Real Estate Market
The city of Lakewood, CA, is located approximately 23 miles southeast of Los Angeles, CA, and has an estimated population of 80,671. While it may be significantly smaller than Los Angeles, that doesn’t mean it’s not an in-demand location.
While many may be drawn to California for the glitz and glam, there are plenty of smaller communities, like Lakewood, that place you close to the action but still allow you to escape that big city noise at the end of the day.
The Lakewood housing market has seen significant growth over the last few years, with the average home price up approximately 13.8%. Unlike the larger cities in California, Lakewood has an average renter to homeowner ratio that favors buyers, with a ratio of approximately 29 to 71. The median selling price for a home in the area is about $680,441.
Aside from a break from the hustle and bustle of the big cities, Lakewood, CA, has many attractive qualities, including a crime rate that is well below the national average, as well as a wide range of highly-rated schools for children of all ages.
Just because the Lakewood area is known as a quiet community, that’s not to say that there isn’t plenty to do. There is something out here for everyone – from breweries to a vast variety of shops and nature centers. For instance, the West San Gabriel River Parkway Nature Trail is a great option for those looking to escape into the wilderness, while Mayfair Park is a fine place to let the kids get outside to play with their friends.
Lakewood, CA, is an excellent area for those looking to settle down a bit and even consider raising a family.
Properties for sale in Lakewood
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