Why Live in Lakewood
Lakewood in Warwick, Rhode Island, is a serene residential neighborhood that balances waterfront living with convenient access to modern amenities. The area features a mix of small bungalows, ranch-style homes and two-story houses with colonial influences, primarily built between 1940 and 1970. Residents are close to downtown Providence, major highways and the Rhode Island TF Green International Airport, making travel straightforward. Local dining options include Elizabeth Portofino Tuscan Grille, known for its Italian cuisine, and Lakewood Ice Cream, a popular spot for sweet treats. For groceries, Shaw’s and Stop & Shop are nearby, with additional amenities like Walmart, Dunkin’ and McDonald’s within easy reach. Belmont Park, located along the Pawtuxet River, offers walking and biking trails, a playground and sports fields, providing ample things to do outdoors. Pawtuxet Village, just 2 miles east, features quaint shops, cafes and the annual Gaspee Days Parade. Roger Williams Park and Zoo, 4 miles north, offers extensive green spaces and diverse animal exhibits. Lakewood offers tranquility without sacrificing accessibility, making it a practical choice for those seeking a suburban lifestyle.
Frequently Asked Questions
Is Lakewood a good place to live?
Lakewood is a good place to live. Lakewood is considered very car-dependent and somewhat bikeable with some transit options. Lakewood has 6 parks for recreational activities. It is fairly sparse in population with 6.0 people per acre and a median age of 43. The average household income is $102,235 which is below the national average. College graduates make up 28.8% of residents. A majority of residents in Lakewood are home owners, with 17% of residents renting and 83% of residents owning their home. A
local real estate agent serving Lakewood can help you decide if this neighborhood is the right one for you. Learn more on our
Lakewood neighborhood guide.
Is Lakewood, RI a safe neighborhood?
Lakewood, RI is safer than the average neighborhood in the United States. It received a crime score of 3 out of 10.
How much do you need to make to afford a house in Lakewood?
The median home price in Lakewood is $400,000. If you put a 20% down payment of $80,000 and had a 30-year fixed mortgage with an interest rate of 5.98%, 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 Lakewood. Learn how much home you can afford with our
Home Affordability Calculator. The average household income in Lakewood is $102K.
What are the best public schools in Lakewood?
The best public schools that serve Lakewood are:
What are the best private schools in Lakewood?
The best private schools that serve Lakewood are:
What are the most popular zip codes in Lakewood, Warwick, RI?
What are the most popular neighborhoods near Lakewood, Warwick, RI?
Home Trends in Lakewood, RI
On average, homes in Lakewood, Warwick sell after 30 days on the market compared to the national average of 54 days. The median sale price for homes in Lakewood, Warwick over the last 12 months is $405,000, up 3% from the median home sale price over the previous 12 months.
Median Sale Price
$405,000
Median Single Family Sale Price
$406,000
Average Price Per Sq Ft
$273
Number of Homes for Sale
2
Last 12 months Home Sales
35
Median List Price
$400,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
3%