Lakewood Heights is a primarily Black and rapidly gentrifying neighborhood.

Many new groups such as the LGBTQIA, Asians and multi-racial individuals are relocating to the south-eastern part of the Atlanta Beltline.

Lakewood Heights developed as the result of three separate factors:[4] One section of Lakewood Heights is Oak Knoll, which was noted in a 1937 meeting between Techwood Homes organizer Charles Forrest Palmer, President Franklin Delano Roosevelt, first lady Eleanor Roosevelt and Secretary of the Treasury Henry Morgenthau Jr. Roosevelt was delighted that private enterprise—backed by guarantees the Federal Housing Administration—could provide good homes at moderate rentals.

The conversation about Oak Knoll drew the conclusion that private projects were in fact strengthened by public housing projects serving as a "pace setter", and helped support arguments for a more proactive nationwide public housing policy.

[7] The area is now an important center of the growing Atlanta-area film and television production industry.