Lakeview Rezoning Could Bring Dense Housing to Crestwood

Crestwood, long passed over in Lakeview's housing boom, now faces a city rezoning review that could allow buildings up to five stories on blocks east of Pine Street.

The timing lines up with Lakeview's push to add 1,200 new housing units by 2028 under the updated growth plan. City records show Crestwood has seen only 47 building permits since 2020, compared with 312 in the neighboring Oak Hill district. Global market swings have kept investor eyes on stable mid-sized cities like Lakeview, where land remains cheaper than in larger metros.

Residents along Maple Avenue and near the old Lakeview Rail Yard already notice more real estate agents walking the blocks. The Lakeview Planning Commission will hold its first public session on the Crestwood overlay on July 22 at the Lakeview Community Center. Local groups such as the Elmwood Residents Association have scheduled two walk-throughs of the proposed zones next week.

Price trends and buyer interest

Median sale prices in Crestwood reached $378,500 in the second quarter of 2026, up 9 percent from the same period last year, according to Lakeview Multiple Listing Service data. Single-family homes on streets like Willow Lane still trade below the citywide average of $512,000, drawing first-time buyers and small developers who track the commission calendar.

Rezoning documents list 14 parcels between Pine Street and the waterfront that could shift from single-family to mixed-use categories. If approved, those sites would permit ground-floor retail with apartments above, a change already tested in the Southport corridor two years ago.

Next steps for buyers and owners

Property owners can review the draft map on the city's website or attend the July 22 session to submit comments. Buyers eyeing the area should check listings through agents familiar with the rail yard parcels before the vote, since prices have ticked up 4 percent since the commission announced the hearing date.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.