Welcome to our 98498 real estate data hub, tailored for investors in Lakewood, WA. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 98498 in Lakewood, WA. Discover Section 8 housing opportunities and challenges to maximize your investment potential in PIERCE COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Lakewood, WA real estate investing. Uncover the wealth of information available, and position yourself for success in the Lakewood property market.
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Location Overview
- Zip Code: 98498
- City: Lakewood
- State: WA
- Metro Area: Seattle-Tacoma-Bellevue, WA
- County Name: PIERCE COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $495,916
- Average Home Price (Single Family Homes): $501,407
- Average Monthly Rental Price (All Types): $1,731
- Price-to-Rent Ratio: 24
- Zillow Projected % appreciation from 4/2023-4/2024: -0.6%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,500
- Average 3 Bedroom Section 8 Rental Rates: $2,130
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 27.55
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 19.4
- Number of Units Offered in Section 8 in the County: 1712
- Number of Occupied Units in Section 8 in the County: 1652
- Percentage of Section 8 Units Occupied in the County: 96.5%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 369.63
- Total % Appreciation since 2000 (Government Data): 221.22
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.95%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): -2.26%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 23.89%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 41.18%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 115.23%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 42.87%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 124.9%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 0.87%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 1%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 30.24%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 42.26%