Zip 98498 (Lakewood, WA) Housing

The housing market in 98498 Lakewood, WA is currently very strong. The median value of a house in this area is $476,400 which is significantly higher than the national median value of $338,100. Additionally, the one year appreciation rate for houses in 98498 Lakewood, WA is 4.80%, which is lower than the national appreciation rate of 8.27%. This indicates that while 98498 Lakewood, WA has seen an increase in housing prices recently, it hasn't been at the same rate as other areas around the country.

The median home cost in Lakewood (zip 98498) is $476,400. Home appreciation the last 10 years has been 176.6%. Home Appreciation in Lakewood (zip 98498) is up 12.3%.

Average Age of Homes

- The median age of Lakewood (zip 98498) real estate is 45 years old

The Rental Market in Lakewood (zip 98498)

- Renters make up 35.6% of the Lakewood (zip 98498) population
- 2.2% of houses and apartments in Lakewood (zip 98498), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Lakewood, Washington	United States
	12,318.0	139,647,020.0
	48	42
	$476,400	$338,100
	12.3%	16.6%
	80.1%	57.0%
	176.6%	101.1%
	$10.70	$10.98
	$3,731	$2,690
	54.5%	57.4%
	7.8%	11.2%
	37.8%	31.4%
Vacant Housing
	2.2%	1.9%
	0.6%	0.4%
	0.7%	0.7%
	0.3%	0.4%
	0.1%	3.6%
	3.7%	4.1%
Value of Owner-Occupied Housing
	0.5%	2.6%
	1.9%	2.4%
	0.5%	2.8%
	0.0%	3.9%
	0.3%	4.5%
	3.3%	11.3%
	6.1%	13.0%
	21.1%	20.1%
	33.4%	13.6%
	18.3%	8.3%
	8.9%	9.7%
	3.1%	3.9%
	0.4%	2.2%
	0.1%	0.8%
	2.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.4%	13.6%
	6.4%	13.6%
	12.7%	13.6%
	9.2%	13.2%
	22.1%	14.8%
	12.7%	13.6%
	15.2%	10.0%
	4.0%	4.7%
	3.4%	12.2%

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