Why Live in Lakewood
Lakewood in Warwick is a serene residential neighborhood that balances waterfront charm 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 enjoy proximity 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. The neighborhood is served by the Warwick Public School District, though the schools have mixed ratings. Overall, Lakewood offers a blend of tranquility and accessibility, making it a practical choice for residents seeking a balanced 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 above 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.
How much do you need to make to afford a house in Lakewood?
The median home price in Lakewood is $559,000. If you put a 20% down payment of $111,800 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,900 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $124K a year to afford the median home price in Lakewood. 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 67 days on the market compared to the national average of 70 days. The median sale price for homes in Lakewood, Warwick over the last 12 months is $345,000, up 40% from the median home sale price over the previous 12 months.
Median Sale Price
$345,000
Median Single Family Sale Price
$559,000
Average Price Per Sq Ft
$279
Number of Homes for Sale
4
Last 12 months Home Sales
19
Median List Price
$559,000
Median Change From 1st List Price
9%
Median Home Sale Price YoY Change
40%