Lakewood median real estate price is $156,407, which is more expensive than 88.7% of the neighborhoods in Arkansas and 46.7% of the neighborhoods in the U.S.
The average rental price in Lakewood is currently $755, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 92.2% of the neighborhoods in Arkansas.
Lakewood is a suburban neighborhood (based on population density) located in North Little Rock, Arkansas.
Lakewood 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 neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Lakewood has a 11.8% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 62.4% of American neighborhoods). This could either signal that there is weak demand for real estate in the neighborhood, or that much of the housing stock is seasonally occupied, which can occur in some markets dominated by colleges or vacation homes. Either way, if you live here year round, you will find many of the homes or apartments are empty for all or a portion of the year.