Located in Los Angeles County, the city of Lakewood is home to a smaller community as the 2010 U.S. Census of Population and Housing reported 80,048 residents called the city home. The population increased slightly in recent years, up 0.9 percent from the number of residents recorded in the 2000 Census while California's overall population went up 10 percent between 2000 and 2010.
Data shows there were 27,470 housing units at an average density of 2,902 per square mile. Majority of residents were homeowners as 72.1 percent of homes were owner-occupied. The median value of owner-occupied housing units between 2006 and 2010, $499,100, was likely boosted by Lakewood's median household income of $77,380, just over the state's median income of $60,883. Nearly 30 percent of housing units were occupied by renters while the median rent paid each month was $1,388.
The 2010 Census reported the median age of residents in Lakewood was around 38 years of age, and 25.3 percent of the population was under the age of 18. The largest age range to populate the city was those between the ages of 18 to 24 while 11.4 percent of residents were 65 years of age or older.
Homes for sale in Los Angeles could continue to see multiple offers, as mortgage rates have remained near all-time lows despite rising in two consecutive weeks.