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Lakewood city, WA

ZIP 98499 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 98499

Median Home Value
$370,000
Median Rent
$1,285
Affordability Snapshot
$102,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,377/mo PITI).

24%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.7x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

24.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 98499 in Lakewood city, WA, a household would need roughly $102,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,377. That is about 57% above the local median household income ($65,000), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
35.1%-46% vs US avg
x
Vacancy Rate
5.5%-47% vs US avg
x
Broadband Access
88.7%+2% vs US avg
x
4+ Bedrooms
2.3%-85% vs US avg
x
Built Pre-1939
6.2%-52% vs US avg
x
Built Post-2014
0.7%-90% vs US avg
x
Rent Burden >30%
23.5%-53% vs US avg
x
Mortgage-Free
45.5%+19% vs US avg
x
$370,000
Home Value
$1,285
Rent
1975
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached36.5%
  • 1-unit attached4.8%
  • 2-9 units23.6%
  • 10+ units28.9%
  • Mobile home & other6.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$370,000
Median rent$1,285
Owner-occupied35.1%
Vacant5.5%
Price-to-income5.7x
Est. income to buy$102,000