What to know before you move: cost, market timing, who it fits.
If you're considering a move to Lake Stevens, WA, the most important variables are the local housing market, the cost structure (taxes, insurance, utilities), and how well the city fits your day-to-day life. This page summarizes the housing market read; pair it with the cost of living page for the full picture.
Lake Stevens is a city in Snohomish County, Washington, with an estimated population of 41,350. It anchors the Seattle-Tacoma-Bellevue metro area. The population has grown 3.8% per year on average between 2020 and 2024 — among the faster-growing communities in the state. The median home value in Lake Stevens is $713,644 as of 2026-04, down 2.1% over the last 12 months. Over the last five years, home values have averaged +4.9% annual growth (-3.0% from the 5-year peak). Rents in Lake Stevens average $2,825 per month, roughly flat year-over-year (+2.1%). The composite momentum score is 65 of 100 (Rising). The market is healthy with prices supported by underlying demand.
Quiet strength: prices near or at all-time highs (-3.0% from 5-year peak). Solid market for owner-occupiers; investors should underwrite conservatively given the elevated entry point.
Reasons people move here
- People are voting with their feet: population growing 3.8% per year since 2020 — that's faster than ~80% of US cities.
- Held the highs: currently -3.0% from the 5-year peak — this market refused to give back gains.
Things to know first
- Expensive AND not growing: median home $713,644 with only -2.1% YoY. You're paying premium pricing for a flat trend.
- Cooling: -2.1% over the trailing year — momentum has stalled.
More about Lake Stevens
Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.