Lakewood Park is an upscale, established residential neighborhood in Elizabethtown, Kentucky, situated adjacent to Freeman Lake and the Elizabethtown Nature Park. The community features high-end single-family housing with a median estimated home value of $647,380—well above county and state averages—and a median list price reaching $1.23 million. Homes in the area have a median age of 28 years, and renters comprise 59% of the local population. Demographically, Lakewood Park is home to approximately 2,000 residents with a median age of 38. The community is highly affluent, boasting a per capita income of $68,514 and a median household income of $66,786. A majority of the local workforce is employed in healthcare, social assistance, manufacturing, and retail, with 42% of working residents enjoying a quick commute of under 15 minutes.
Latest Market Update
The Lakewood Park real estate market in Elizabethtown, Kentucky, experienced steady growth through mid-2026, reaching a median estimated property value of $647,380—a 5.19% increase over the prior 12 months. The neighborhood’s median list price climbed to $1,224,900, reflecting a substantial 36.71% year-over-year increase. Over a recent three-month period, market activity included two pending single-family home listings with a median price of $944,500 ($156/sq. ft.) totaling $1.889 million in volume, including high-end properties listed up to $990,000. Additionally, the community recorded one closed sale: a 7,462-square-foot home at 1110 Cave Run Ln that sold for $812,500 ($109/sq. ft.).