Why Live in Lakeridge
Lakeridge, a tranquil residential neighborhood on Decatur’s east side, offers a blend of suburban living and convenient access to local attractions. Residents are within a few miles of Lake Decatur and the Decatur Airport, providing opportunities for both water activities and air travel. The neighborhood is less than half a mile from Lake Decatur’s Staley Basin, with the Fishing Spot Boat Launch just a mile north, offering free public access for boaters and kayakers. The Country Club of Decatur, featuring a golf course, sports courts, and pools, is nearby, providing various membership options. For outdoor recreation, Baker Woods Estate Park is just east of Lakeridge, while the Scovill Zoo and Nelson Park, with its marina, water park, and amphitheater, are within a short drive.
Lakeridge’s streets are lined with spacious green yards and mature shade trees, with homes set back to provide privacy. The neighborhood predominantly features ranch-style homes, along with some split-level, traditional two-story, and bungalow-style houses. Properties are well-maintained and frequently updated, with prices ranging from $70,000 to $200,000, generally below the city’s average. Despite the lower prices, the homes are in good condition.
The neighborhood's proximity to Highway 36 ensures easy access to Downtown Decatur and Interstate 72, facilitating travel to Springfield and Chicago. However, public transit options are minimal, making car travel essential. Retail and dining options are available along Highway 36 and Illinois State Route 121, including the Chevrolet Hall Of Fame Museum, Stix on 36, El Corral Mexican Restaurant, and various chain stores and restaurants.
Frequently Asked Questions
Is Lakeridge a good place to live?
Lakeridge is a good place to live. Lakeridge is considered very car-dependent and somewhat bikeable. Lakeridge is a suburban neighborhood. It has a median age of 49. The average household income is $75,378 which is below the national average. College graduates make up 21.8% of residents. A majority of residents in Lakeridge are home owners, with 12.1% of residents renting and 87.9% of residents owning their home. A
local real estate agent serving Lakeridge can help you decide if this neighborhood is the right one for you. Learn more on our
Lakeridge neighborhood guide.
How much do you need to make to afford a house in Lakeridge?
The median home price in Lakeridge is $368,990. If you put a 20% down payment of $73,800 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $1,910 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $82K a year to afford the median home price in Lakeridge. The average household income in Lakeridge is $75K.
What are the best public schools in Lakeridge?
The best public schools that serve Lakeridge are:
What are the most popular zip codes in Lakeridge, Decatur, IL?
What are the most popular neighborhoods near Lakeridge, Decatur, IL?
Home Trends in Lakeridge, IL
On average, homes in Lakeridge, Decatur sell after 27 days on the market compared to the national average of 70 days. The median sale price for homes in Lakeridge, Decatur over the last 12 months is $365,000, up 267% from the median home sale price over the previous 12 months.
Median Sale Price
$365,000
Median Single Family Sale Price
$365,000
Average Price Per Sq Ft
$189
Number of Homes for Sale
0
Last 12 months Home Sales
2
Median List Price
$368,990
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
267%