Lakewood, WA real estate
Buying or selling a home, condo, or piece of land in Lakewood? Here is what the city's housing actually looks like, and how to reach Isaac Ortiz about it.
Lakewood housing snapshot
| Population | 63,034 | |
|---|---|---|
| Median home value | $420,500 | Owner-reported |
| Median household income | $70,524 | |
| Detached houses | 44% | Share of all housing units |
| Townhomes / attached | 5.6% | |
| In buildings of 2+ units | 46.1% | Condos and apartments alike |
| Manufactured homes | 4.1% | |
| Owner-occupied | 44.8% | |
| Median year built | 1974 | |
| Vacancy rate | 6.7% |
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2019–2023). Tables B25077, B01003, B25003, B25024, B25035, B19013, B25002. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
What the numbers mean for a buyer or seller
The median owner-reported home value in Lakewood is $420,500.
That is 13% below the Pierce County median of $484,400. Median household income is $70,524, 27% below the county's $96,632.
Lakewood's housing is genuinely mixed - 44% detached houses, 46.1% in multi-unit buildings, and 5.6% attached single-family such as townhomes. Both house and attached-home stock exist here in real numbers.
Owners occupy 44.8% of homes, so Lakewood is majority-renter. That matters for buyers two ways: more of the stock is investor-held, and more of it trades as an income property rather than a primary residence.
Half of Lakewood's homes were built in 1974 or earlier, so a large share predates modern energy codes - worth leaving time in the inspection for the roof, the electrical, and the plumbing.
Talk to Isaac Ortiz about Lakewood
Isaac Ortiz is a licensed real estate broker with Compass, working Pierce County and the surrounding Puget Sound area. Se habla español. Send a note and he will reply personally.
Or call +1 253-359-5263 or email Isaac.Ortiz@nwret.com.