Lakewood Park, TN
Population 1,016 · Tennessee
About Lakewood Park, TN
Lakewood Park is a small town located in Tennessee with a population of 1,016 residents according to the latest US Census Bureau American Community Survey data. The median household income is $39,167 per year, which is 48% below the national median of $75,149. The median age of 54.4 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Lakewood Park features a median home value of $0, which is 100% below the national median of $244,900. This makes Lakewood Park one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 678 total housing units, 80% are owner-occupied (353 units) and 20% are renter-occupied (87 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lakewood Park shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 41.4%, above the national average of 12.4%. Workers in Lakewood Park have an average one-way commute time of 38.6 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
9.5% of Lakewood Park residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 6.1% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 2.5% of the population being foreign-born.
Cost of Living in Lakewood Park, TN
Compared to national averages, Lakewood Park has a median household income of $39,167 (48% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Tennessee, Lakewood Park's income is 38% below the state average of $62,849, and home values are 100% below the state median of $214,371.
Why Live in Lakewood Park, TN?
Lakewood Park offers affordable housing with a median home value of $0, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%.
Potential considerations include median household income ($39,167) that falls below the national average. However, Lakewood Park’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lakewood Park has a population of 1,016 with a median age of 54.4 years. Compare Lakewood Park with other cities to see how it stacks up, or explore all cities in Tennessee.
Similar Cities Near Lakewood Park
Cities in Tennessee with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Trezevant | 1,018 | $67,813 | $96,200 | Compare |
| Clarksburg | 1,011 | $73,661 | $143,800 | Compare |
| Embreeville | 1,007 | $53,163 | $0 | Compare |
| Luttrell | 1,006 | $41,453 | $142,700 | Compare |
| Collinwood | 1,044 | $52,083 | $89,100 | Compare |
| John Sevier | 987 | $43,712 | $118,900 | Compare |
| Flat Top Mountain | 1,052 | $118,766 | $538,300 | Compare |
| Friendsville | 1,056 | $67,292 | $189,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Tennessee
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lakewood Park With Other Cities
Frequently Asked Questions about Lakewood Park
What is the population of Lakewood Park, TN?
The population of Lakewood Park, TN is 1,016 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Tennessee.
What is the median household income in Lakewood Park?
The median household income in Lakewood Park, TN is $39,167 per year, which is 48% below the national median of $75,149.
What is the median home value in Lakewood Park?
The median home value in Lakewood Park, TN is $0, which is 100% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lakewood Park?
The median monthly rent in Lakewood Park, TN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Lakewood Park?
The unemployment rate in Lakewood Park, TN is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lakewood Park, TN a good place to live?
Lakewood Park offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,016 and a median age of 54.4, the city appeals to established professionals and retirees.
How educated is Lakewood Park, TN?
9.5% of residents in Lakewood Park aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Lakewood Park?
Key cost-of-living indicators for Lakewood Park, TN: median home value is $0 (100% below national), median rent is $0/month, and median household income is $39,167. The home-value-to-income ratio is 0.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lakewood Park?
The poverty rate in Lakewood Park, TN is 41.4%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Lakewood Park, TN?
Lakewood Park's population is 0.0% White, 6.1% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 2.5% of residents are foreign-born.