Market Overview
Home Prices in Lacey, WA
The median home value in Lacey, WA is $518,901 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.2% compared to a year ago and up 0.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lacey are priced27% above average. Lacey is part of the Olympia-Lacey-Tumwater, WA metro area.
Over the past five years, Lacey home values have risen by approximately14.8%, reflecting steady appreciation in this market.
Price History
Lacey Home Price Trend
City Comparison
Lacey vs. National Median
At $518,901, homes in Lacey cost 27% above the national median of $410,000. Buyers in Lacey should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Lacey?
20% Down Payment
$103,780
on $518,901
Monthly P&I
$2,706/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,437/mo
incl. taxes & insurance
Income Needed
$137,480
gross annual (30% rule)
10% Down Option
$51,890
+ PMI applies
Loan Amount (20% dn)
$415,121
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Lacey, WA?
The median home value in Lacey is $518,901 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.2% year-over-year.
How much have home prices changed in Lacey?
Over the past year, home values in Lacey have increased by 0.2%. Over five years, prices have risen approximately 14.8%.
How much do I need to earn to buy a home in Lacey?
To comfortably afford the median home price of $518,901 with a 20% down payment ($103,780) at today's rates (6.8%), you'd need a gross annual income of approximately $137,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Lacey compare to the national average home price?
The national median home value is approximately $410,000. At $518,901, homes in Lacey are 27% above the national average.
What metro area is Lacey part of?
Lacey is part of the Olympia-Lacey-Tumwater, WA metropolitan area. Home prices and market conditions can vary across the broader metro region.