Lakewood, CO—80214
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lakewood, CO
As of Oct '25, the median home price in Lakewood, CO is $533,000, with a year-over-year change of -3.3%. This indicates that home prices in Lakewood, CO are decreasing. According to Zillow, the 1-year price projection is -1.3%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $533,000 | -3.3% |
| Single Family | $558,000 | -3.1% |
| Condos | $275,000 | -9.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $298,000 | -2.9% |
2 Bed | $438,000 | -3.7% |
3 Bed | $579,000 | -3.2% |
4 Bed | $677,000 | -2.4% |
| 5 Bed | $793,000 | -1.2% |
% of Housing Stock
Rental Trends — Lakewood, CO
As of July '25, Rentcast reports the average rent in Lakewood, CO is $1,780, with a year-over-year rent change of -6.8%. Per bedroom, the median rent as of July '25 in Lakewood, CO is studios: $1,160, 1-bedrooms: $1,300, 2-bedrooms: $1,820, 3-bedrooms: $2,720, 4-bedrooms: $3,600. The most common rental property sizes in Lakewood, CO are 2-bedroom and 1-bedroom, accounting for 48.1% and 31.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,780 |
| Studio Rent | $1,100 | $1,160 |
| 1 Bed Rent | $1,300 | $1,300 |
| 2 Bed Rent | $1,680 | $1,820 |
| 3 Bed Rent | $2,800 | $2,720 |
| 4 Bed Rent | $3,400 | $3,600 |
% of Rental Stock
Property Listings — Lakewood, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Lakewood, CO is 72. This is a increase of 47.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $599,000 | 3.0% |
Listing Count | 106 | 15.0% |
| Listings as % of Homes | 0.3% | 15.0% |
Days on Market | 72 | 47.0% |
Demographics — Lakewood, CO
As of the latest ACS Survey released in 2023, Lakewood, CO has a population of 26,800, which has increased by 2.0% over the past 5 years. Lakewood, CO is a less popular place for families, as children make up 13.9% of the population. The area has a moderately educated workforce, with 39.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,800 | 2.0% |
% Under 18 | 13.9% | -20.1% |
% Seniors | 13.4% | 9.8% |
% WFH | 16.7% | 240.8% |
% w/ College Degree | 39.4% | 34.9% |
As of the latest ACS Survey released in 2023, Lakewood, CO is a predominantly white area, with 60.2% of the population identifying as white. The white population has grown by 6.5% in the last 5 years. The second most common race or ethnicity in Lakewood, CO is hispanic, making up 32.1% of the population. Foreign-born residents account for 8.9% of the population in Lakewood, CO, and this percentage has decreased by 33.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 60.2% | 6.5% |
% Black | 1.1% | -52.2% |
% Hispanic | 32.1% | -12.3% |
% Asian | 1.4% | 7.7% |
% Foreign Born | 8.9% | -33.1% |
Mortgage and Risk — Lakewood, CO
According to HUD data as of 2023, there were 267 mortgage originations in Lakewood, CO, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Lakewood, CO. Investor activity is low, as 4.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 267 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Lakewood, CO
As of 2024, the percent of homes in Lakewood, CO under the Section 8 program is 12.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Lakewood, CO, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 943 |
Total Units Section 8 | 924 |
% Rentals under Section 8 | 12.9% |
% Occupied Section 8 | 81.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $360 | $1,300 | $1,660 |
| 2 Bedroom | $310 | $1,680 | $1,990 |
| 3 Bedroom | -$210 | $2,800 | $2,590 |
| 4 Bedroom | -$490 | $3,400 | $2,910 |
Affordability — Lakewood, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.4 |
| Median Home Price | $533,000 |
| Median Household Income | $74,300 |