Market Overview
Home Prices in Lake Forest Park, WA
The median home value in Lake Forest Park, WA is $1,038,439 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.2% compared to a year ago and up 1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lake Forest Park are priced153% above average. Lake Forest Park is part of the Seattle-Tacoma-Bellevue, WA metro area.
Over the past five years, Lake Forest Park home values have risen by approximately14.1%, reflecting steady appreciation in this market.
Price History
Lake Forest Park Home Price Trend
City Comparison
Lake Forest Park vs. National Median
At $1,038,439, homes in Lake Forest Park cost 153% above the national median of $410,000. Buyers in Lake Forest Park should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Lake Forest Park?
20% Down Payment
$207,688
on $1,038,439
Monthly P&I
$5,416/mo
30-yr @ 6.8%
Total Monthly Est.
~$6,878/mo
incl. taxes & insurance
Income Needed
$275,120
gross annual (30% rule)
10% Down Option
$103,844
+ PMI applies
Loan Amount (20% dn)
$830,751
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 Lake Forest Park, WA?
The median home value in Lake Forest Park is $1,038,439 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.2% year-over-year.
How much have home prices changed in Lake Forest Park?
Over the past year, home values in Lake Forest Park have decreased by 2.2%. Over five years, prices have risen approximately 14.1%.
How much do I need to earn to buy a home in Lake Forest Park?
To comfortably afford the median home price of $1,038,439 with a 20% down payment ($207,688) at today's rates (6.8%), you'd need a gross annual income of approximately $275,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Lake Forest Park compare to the national average home price?
The national median home value is approximately $410,000. At $1,038,439, homes in Lake Forest Park are 153% above the national average.
What metro area is Lake Forest Park part of?
Lake Forest Park is part of the Seattle-Tacoma-Bellevue, WA metropolitan area. Home prices and market conditions can vary across the broader metro region.