Foreclosure Homes in Lakewood, WA

Current Market Conditions in Lakewood, WA

Lakewood's real estate market shows a steady demand, characterized by an increase in home sales and development projects. The community's appeal stems from its affordability compared to neighboring cities, along with a strong sense of community and an abundant supply of outdoor activities. This trend indicates a healthy market environment for both buyers and investors, attracting those looking for family-friendly neighborhoods with growth potential.

The trend towards remote work has also influenced the Lakewood market positively, as more buyers seek homes in suburban areas that allow for a balanced lifestyle. As such, housing prices are predicted to remain stable, with potential appreciation in value as the city continues to develop.

Rent Prices In Lakewood, WA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lakewood, WA, is on a rollercoaster ride. The average rent price in Lakewood, WA, is $1,592.00. Indeed, when looking to rent in Lakewood, WA, you can expect to pay as little as $590.00 or as much as $4,380.00, with the average rent median estimated to be $1,560.00. The good news is that finding an affordable and desirable property to rent in Lakewood, WA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.