ZIP Code 62438 — Lakewood CDP, IL Demographics & Data

ZIP code 62438 covers Lakewood, IL in Shelby County with a population of about 200.

At a glance, the area shows median age of 60.3 versus a U.S. median of about 38.9.

It sits in telephone area codes 217, 447; U.S. House district IL-15; the CHAMPAIGN & SPRNGFLD - DECATUR media market.

Lakewood, IL fits a retirement-oriented profile (high share of residents 65+ (40.0%)). Residents and relocators commonly research healthcare access, everyday amenities (dining, personal services), and housing costs rather than tech or campus life.

Median household income in ZIP 62438 is about $49,727 — about 34% below the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 10.5%; unemployment rate near 0.0%; 20.5% of adults with a bachelor’s degree or higher (about 13.2 points below the national share (33.7%)).

Labor and commute patterns include leading industry context around Education, Retail trade, and Other services; about 28.8% of workers reporting work-from-home (about 13.6 points above the U.S. share (15.2%)); a mean commute of about 79.0 minutes (U.S. average near 26.8).

Median home value is about $235,900 — about 32% below the U.S. median home value ($348,079).

Housing tenure and rents show owner-occupancy near 88.7% (about 23.3 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 62438 in Lakewood, IL, a household would need roughly $65,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,515. That is about 31% above the local median household income ($49,727), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Lakewood CDP, IL as Relatively Low (composite score 51.7), which is near the middle of the national distribution. The strongest component scores on US5 are flood (48.3) and hurricane (40.7). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Lakewood CDP, IL show little to no average snow and around 41.4 inches of annual precipitation.

IRS migration statistics show a net inflow of about 11 for ZIP 62438 (Lakewood CDP, IL) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.