What to know before you move: cost, market timing, who it fits.
If you're considering a move to Lakewood, 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.
Lakewood is a city in Pierce County, Washington, with an estimated population of 62,709. It anchors the Seattle-Tacoma-Bellevue metro area. The median home value in Lakewood is $524,351 as of 2026-04, down 0.6% over the last 12 months. Over the last five years, home values have averaged +3.2% annual growth, with prices at or near the 5-year peak. Rents in Lakewood average $1,683 per month, up 4.0% year-over-year. The composite momentum score is 60 of 100 (Stable). Conditions are neither hot nor cold, so the local fit matters more than market timing.
Sideways market (-0.6% YoY). No urgency to time the macro trend — focus on the home and neighborhood.
Reasons people move here
- Held the highs: currently -1.3% from the 5-year peak — this market refused to give back gains.
- The data is the data: Lakewood has at least 5 years of Zillow tracking, full Census identification, and is included in the 2-criteria momentum score on this page.
Things to know first
- Flat or shrinking population: -0.4% per year. Housing demand has to come from somewhere — verify the source.
- Local nuance: city-level data smooths over neighborhood differences. School zones, HOA rules, and street-level character matter — visit before deciding.
More about Lakewood
Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.