Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Lakewood city, Washington?
City · Census ACS 5-Year estimates
The median gross rent in Lakewood city, Washington is $1,525/month (±$72), based on Census ACS 5-Year estimates (2024). The median home value is $461,200 (±$16,006), and the median household income is $74,720/year. The unemployment rate in Pierce County, Washington was 5.4% as of April 2026 (preliminary). Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for Lakewood city, Washington
| Metric | Value |
|---|---|
| Median Gross Rent | $1,525 |
| Median Home Value | $461,200 |
| Median Household Income | $74,720 |
| Total Housing Units | 26,500 |
| Renter-Occupied Units | 13,910 |
| Renter-Occupied Share | 52% |
| Households Paying 50%+ Income | 3,479 households |
| Unemployment Rate(April 2026) | 5.4% |
How does Lakewood city, Washington compare?
Median gross rent ranked against all cities in Washington.
Higher rent than 50% of cities in Washington · 224th of 450
| # | City | Value |
|---|---|---|
| 1 | Medina city | $3,501 |
| 1 | Clyde Hill city | $3,501 |
| 1 | Beaux Arts Village town | $3,501 |
| … 220 more … | ||
| 224 | Lakewood city(you are here) | $1,525 |
| … 223 more … | ||
| 448 | Keller CDP | $338 |
| 449 | Neah Bay CDP | $333 |
| 450 | Inchelium CDP | $298 |
More data for Lakewood city, Washington
Browse by State
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Puerto Rico
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Frequently asked questions
What is the average rent in Lakewood city, Washington?
The median gross rent in Lakewood city, Washington is $1,525/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Lakewood city, Washington?
The median rent for a 2-bedroom in Lakewood city, Washington is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Lakewood city, Washington?
The median home value in Lakewood city, Washington is $461,200 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Lakewood city are rent-burdened?
In Lakewood city, Washington, 3,479 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Lakewood city, Washington?
The median household income in Lakewood city, Washington is $74,720/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $1,525 has a margin of error of ±$72. In very small areas, MOEs can be large relative to the estimate.
Managing rental properties?
Tenanture helps property managers reply to every inbound lead, qualify applicants against your rules, and handle tenant inquiries automatically.
Get started free