The housing market in Lynnwood, WA is flourishing. The median value of homes in Lynnwood is $696,100, which is significantly higher than the national median value of $338,100. In the last year, home values have appreciated by 7.43%, just slightly below the national average of 8.27%. This indicates that the Lynnwood housing market is strong and growing quickly. Despite its high cost of living relative to other areas, the demand for housing in Lynnwood remains steady and robust.
The median home cost in Lynnwood is $696,100. Home appreciation the last 10 years has been 167.2%. Home Appreciation in Lynnwood is up 14.8%.
Average Age of Homes
- The median age of Lynnwood real estate is 42 years old
The Rental Market in Lynnwood
- Renters make up 45.8% of the Lynnwood population
- 3.4% of houses and apartments in Lynnwood, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.