Market Overview
Home Prices in Lakewood, WA
The median home value in Lakewood, WA is $526,659 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.2% compared to a year ago and up 0.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lakewood are priced28% above average. Lakewood is part of the Seattle-Tacoma-Bellevue, WA metro area.
Over the past five years, Lakewood home values have risen by approximately12.2%, reflecting steady appreciation in this market.
Price History
Lakewood Home Price Trend
City Comparison
Lakewood vs. National Median
At $526,659, homes in Lakewood cost 28% above the national median of $410,000. Buyers in Lakewood should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Lakewood?
20% Down Payment
$105,332
on $526,659
Monthly P&I
$2,747/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,489/mo
incl. taxes & insurance
Income Needed
$139,560
gross annual (30% rule)
10% Down Option
$52,666
+ PMI applies
Loan Amount (20% dn)
$421,327
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 Lakewood, WA?
The median home value in Lakewood is $526,659 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.2% year-over-year.
How much have home prices changed in Lakewood?
Over the past year, home values in Lakewood have decreased by 0.2%. Over five years, prices have risen approximately 12.2%.
How much do I need to earn to buy a home in Lakewood?
To comfortably afford the median home price of $526,659 with a 20% down payment ($105,332) at today's rates (6.8%), you'd need a gross annual income of approximately $139,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Lakewood compare to the national average home price?
The national median home value is approximately $410,000. At $526,659, homes in Lakewood are 28% above the national average.
What metro area is Lakewood part of?
Lakewood is part of the Seattle-Tacoma-Bellevue, WA metropolitan area. Home prices and market conditions can vary across the broader metro region.