Lakewood, CO

About Lakewood

Lakewood, Colorado, is a gem for those seeking a balanced lifestyle without breaking the bank. With a median home value of $494,100, it offers a more accessible entry point into the desirable Denver metro area compared to some of its pricier neighbors, yet still well above the US median. The high homeownership rate of 82.0% speaks volumes about the stability and appeal of the community. Residents enjoy a comfortable median household income of $82,786, which, combined with an affordability index of 72, allows for a good quality of life. The median rent of $2,075/month offers a lower-cost alternative to buying, especially for those new to the area. Lakewood is known for its family-friendly atmosphere and welcoming vibe, making it a popular choice for all demographics. From an investment perspective, Lakewood presents a compelling opportunity in a consistently appreciating market. The area's property crime rate of 37.5 per 1,000 residents and a violent crime rate of 4.9 per 1,000 residents are both within acceptable ranges, making it a safe place to live and raise a family. The local economy is robust, attracting a diverse range of professionals, contributing to the area's steady housing demand. Lakewood suits those seeking a community-oriented environment with access to urban amenities. Beyond the financial and practical aspects, Lakewood boasts a high quality of life. The air quality is excellent, with an AQI of 45, ensuring clean, fresh air for outdoor activities. The noise level is rated as quiet, contributing to a peaceful living environment. The relatively moderate climate risk further enhances Lakewood's appeal, making it a comfortable place to call home year-round. With an electricity rate of 11.8¢/kWh, residents can enjoy the perks of modern living without the burden of high utility costs.