Housing & Real Estate — Lakewood, Washington
Overview
| Total Housing Units | 28,010 |
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| Occupied | 26,125 |
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| Vacant | 1,885 |
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| Owner-Occupied | 11,706 |
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| Renter-Occupied | 14,419 |
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| Median Home Value (Census) | $461,200 |
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| Estimated 2026 | ~$572,000 |
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| Median Rent | $1,460/mo |
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| Median Property Tax | $4,326/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
|---|
| Home Affordability | expensive |
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| Rent as % of Income | 23.4% |
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| Severely Rent-Burdened | 42.1% |
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Housing Age
| Built 2010 or later | 1,932 |
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| Built 2000-2009 | 2,815 |
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| Built 1990-1999 | 3,154 |
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| Built before 1960 | 6,372 |
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| Median Year Built | 1974 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
