Lake Forest Park, WA has a median housing value of $886,200, which is significantly higher than the US median house value of $338,100. Despite this high cost of living, the one year appreciation rate for houses in Lake Forest Park is only 4%, much lower than the national average of 8.27%. This indicates that while the area may be more expensive to live in initially, it may not appreciate as quickly as other areas across the country.
The median home cost in Lake Forest Park is $886,200. Home appreciation the last 10 years has been 142.4%. Home Appreciation in Lake Forest Park is up 10.8%.
Average Age of Homes
- The median age of Lake Forest Park real estate is 48 years old
The Rental Market in Lake Forest Park
- Renters make up 18.2% of the Lake Forest Park population
- 0.5% of houses and apartments in Lake Forest Park, 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.