Pierce County
Lakewood, Washington
Diverse JBLM-adjacent city with multiple lakes, American Lake Park, and a growing downtown.
$527,000
Typical Home Value
-0.2%
YoY Change
64,000+
Population
Zillow Home Value Index, June 2026. Population: US Census.
What to know about Lakewood
Schools
Clover Park School District
Getting around
I-5 and SR 512 serve the city, and Sounder rail runs from Lakewood Station to Seattle.
Housing stock
A wide range: lakefront estates on American Lake, mid century neighborhoods, and a large rental base near the base.
Who Lakewood suits
Strong for military buyers and investors given JBLM turnover. One of the most affordable markets we serve with Sounder rail to Seattle.
Around Lakewood
- American Lake
- Fort Steilacoom Park
- Lakewood Towne Center
- Joint Base Lewis McChord
The Lakewood market right now
Lakewood has a typical home value of $527,000. That runs about 15% below the $618,000 median across the Pierce County cities we serve. Against all 50 cities we cover, it sits roughly 26% below the $715,500 midpoint, which is where most of our first-time buyers start.
Values are essentially flat, off 0.2% year over year. A market this steady rewards accurate pricing on the first attempt, because there is no upward drift to rescue a listing that starts too high.
Our read on Lakewood
Lakewood is defined by its proximity to Joint Base Lewis McChord and by a chain of lakes that give it more waterfront than most inland cities. Military turnover keeps both rental demand and transaction volume steady through cycles. It is among the most affordable markets we cover with rail service to Seattle.
Serving Lakewood Buyers, Sellers & Investors
Local guidance backed by 30+ years across the Puget Sound market
Other Pierce County Neighborhoods
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