Why Live in Lakeridge
Lakeridge, a peaceful residential neighborhood in east Decatur, offers a blend of suburban living and convenient access to local attractions. The neighborhood is less than half a mile from Lake Decatur’s Staley Basin, with the Fishing Spot Boat Launch offering free public access for boaters and kayakers. The Country Club of Decatur, featuring a golf course, tennis courts and pools, is also nearby, providing various membership options. Baker Woods Estate Park has a playground, and more family-oriented fun can be had Nelson Park, home to the Scovill Zoo, a water park and an amphitheater. 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.
Lakeridge features ranch-style homes, split-levels, traditional two-story homes and bungalow-style designs, all with spacious yards and mature shade trees. 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 provides easy access to Downtown Decatur and Interstate 72, which connects drivers to Springfield and Chicago. Public transit options are minimal.
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 with a crime score of 2, making it safer than the average neighborhood in the U.S. 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.
Is Lakeridge, IL a safe neighborhood?
Lakeridge, 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 Lakeridge?
The median home price in Lakeridge is $137,448. If you put a 20% down payment of $27,500 and had a 30-year fixed mortgage with an interest rate of 6.16%, your estimated principal and interest payment would be $670 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $29K a year to afford the median home price in Lakeridge. Learn how much home you can afford with our
Home Affordability Calculator. 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?
Are home prices dropping in Lakeridge?
Yes, home prices in Lakeridge are down 23% in the last 12 months.
Home Trends in Lakeridge, IL
On average, homes in Lakeridge, Decatur sell after 18 days on the market compared to the national average of 53 days. The median sale price for homes in Lakeridge, Decatur over the last 12 months is $120,000, consistent with the median home sale price over the previous 12 months.
Median Sale Price
$120,000
Median Single Family Sale Price
$133,500
Average Price Per Sq Ft
$93
Number of Homes for Sale
1
Last 12 months Home Sales
9
Median List Price
$137,448
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
0%