Lakewood
Lakewood city, Washington
Lakewood, Washington, offers a compelling blend of affordability and Pacific Northwest charm, making it an attractive locale for those seeking a balanced lifestyle. With a population of just over 63,000, this community provides a more intimate feel than the sprawling metropolis of Seattle, yet remains within easy reach of the city's employment hubs. The median home value of $406,500 is a significant draw, especially when compared to the national median, offering a more accessible entry point into homeownership. This relative affordability, coupled with a median household income of $65,531, positions Lakewood as a place where residents can enjoy a comfortable standard of living without the crushing financial burdens seen in many other parts of the country.
From an investment perspective, Lakewood presents a stable market with consistent demand, driven by its proximity to Joint Base Lewis-McChord and its reputation as a safe, family-friendly environment. The housing market reflects this stability, with a diverse range of properties from cozy bungalows to modern townhomes. While specific unemployment figures fluctuate, the area's economic health is bolstered by the military presence and a growing local business sector. This makes Lakewood particularly appealing to military families, first-time homebuyers, and those seeking a quieter pace of life without sacrificing access to urban amenities. The city's walkable neighborhoods and numerous parks further enhance its appeal.
Lakewood, Washington at a Glance
Lakewood is a city in Lakewood city, Washington with a population of approximately 63,142. The median home value is $406,500 and the median household income is $65,531. It has a Walk Score of 0 out of 100, indicating car dependency. The violent crime rate is 0.1 per 1,000 residents, which is 97% below the national average. Air quality is rated Good. The overall climate risk is rated as "Very High." Median rent is $2,707 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.
Median Home Value
$406,500
Median Income
$65,531
Population
63,142
Walk Score
0
Air Quality
AQI 38
Good
Climate Risk
Very High
Fair
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- Population
- 63,142
- Median Age
- N/A
- Median Household Income
- $65,531
12% below nat'l avg
- Bachelor's Degree+
- N/A
- Poverty Rate
- 12.7%
Near nat'l avg
- Median Home Value
- $406,500
44% above nat'l avg
- Median Rent
- $2,707
133% above nat'l avg
- Homeownership Rate
- 94.0%
43% above nat'l avg
- Affordability Index
- 94
6% below nat'l avg
- Violent Crime Rate
- 0.1 per 1K
97% below nat'l avg
- Property Crime Rate
- 37.0 per 1K
95% above nat'l avg
- AQI
- 38
10% below nat'l avg
- Category
- Good
- Overall Risk
- Very High
- Risk Score
- 98.93
Top Hazards
- Overall
- Quiet
- Road Traffic
- N/A
- Aviation
- N/A
- Rail
- N/A
- Electricity Rate
- 10.4¢/kWh
38% below nat'l avg
- Est. Monthly Electric
- $93
32% below nat'l avg
- Unemployment Rate
- 5.2%
41% above nat'l avg
- Poverty Rate
- 12.7%
Near nat'l avg
Weather & Climate in Lakewood
Avg High
53°F
Avg Low
38°F
Annual Rainfall
78.4"
Avg Humidity
80%
Political Landscape
→ Politically stable
Based on King County county-level presidential election data
Culture & Things to Do in Lakewood
Lakewood SummerFEST
Annual festival featuring live music, food vendors, and family activities.
Lakewood Farmers Market
Weekly market offering fresh produce, local goods, and community engagement.
Holiday Tree Lighting
Annual event marking the start of the holiday season with festive lights and activities.
Steilacoom Tribal Cultural Center Powwow
Annual gathering celebrating Native American culture with dance, music, and crafts.
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