Lakewood, IL — income, home value, property tax, and sales tax.
In ZIP code 62565, near Lakewood, homes carry a median value of $137,600 while households earn a median of $66,498, or $32,294 per person. At the county's 1.50% effective property tax rate, a home at that median value would generate roughly $2,064 in annual taxes — a meaningful share of income, though the gap between earnings and home prices keeps ownership within reach for many buyers. Sales taxes add 7.25% at checkout on purchases. Together, these figures sketch a market where property taxes weigh noticeably on owners, yet prices stay low enough relative to local pay that entry remains possible.
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