Lakewood, CO—80215
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 $660,000, with a year-over-year change of -1.4%. This indicates that home prices in Lakewood, CO are decreasing. According to Zillow, the 1-year price projection is -1.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $660,000 | -1.4% |
| Single Family | $685,000 | -1.4% |
| Condos | $276,000 | -8.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $287,000 | -4.7% |
2 Bed | $428,000 | -4.9% |
3 Bed | $638,000 | -2.0% |
4 Bed | $792,000 | -0.1% |
| 5 Bed | $910,000 | 0.7% |
% of Housing Stock
Rental Trends — Lakewood, CO
As of July '25, Rentcast reports the average rent in Lakewood, CO is $1,760, with a year-over-year rent change of 1.1%. Per bedroom, the median rent as of July '25 in Lakewood, CO is studios: $1,660, 1-bedrooms: $1,250, 2-bedrooms: $1,610, 3-bedrooms: $2,580, 4-bedrooms: $3,680. The most common rental property sizes in Lakewood, CO are 2-bedroom and 1-bedroom, accounting for 43.1% and 36.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,760 |
| Studio Rent | $995 | $1,660 |
| 1 Bed Rent | $1,200 | $1,250 |
| 2 Bed Rent | $1,500 | $1,610 |
| 3 Bed Rent | $2,700 | $2,580 |
| 4 Bed Rent | $3,800 | $3,680 |
% 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 40. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 43.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $726,000 | 7.0% |
Listing Count | 69 | -9.0% |
| Listings as % of Homes | 0.3% | -9.0% |
Days on Market | 40 | -2.0% |
Demographics — Lakewood, CO
As of the latest ACS Survey released in 2023, Lakewood, CO has a population of 19,700, which has increased by 1.4% over the past 5 years. Lakewood, CO is a moderately popular place for families, as children make up 16.8% of the population. The area has a highly educated workforce, with 49.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,700 | 1.4% |
% Under 18 | 16.8% | -13.0% |
% Seniors | 21.4% | 16.3% |
% WFH | 20.6% | 216.9% |
% w/ College Degree | 49.0% | 11.4% |
As of the latest ACS Survey released in 2023, Lakewood, CO is a predominantly white area, with 73.4% of the population identifying as white. The white population has shrunk by 4.7% in the last 5 years. The second most common race or ethnicity in Lakewood, CO is hispanic, making up 17.6% of the population. Foreign-born residents account for 7.8% of the population in Lakewood, CO, and this percentage has decreased by 4.9% 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 | 73.4% | -4.7% |
% Black | 1.0% | -44.4% |
% Hispanic | 17.6% | 10.0% |
% Asian | 3.2% | 18.5% |
% Foreign Born | 7.8% | -4.9% |
Mortgage and Risk — Lakewood, CO
According to HUD data as of 2023, there were 407 mortgage originations in Lakewood, CO, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Lakewood, CO. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 407 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Lakewood, CO
As of 2024, the percent of homes in Lakewood, CO under the Section 8 program is 11.0%. 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 | 380 |
Total Units Section 8 | 380 |
% Rentals under Section 8 | 11.0% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $470 | $1,200 | $1,670 |
| 2 Bedroom | $500 | $1,500 | $2,000 |
| 3 Bedroom | -$90 | $2,700 | $2,610 |
| 4 Bedroom | -$880 | $3,800 | $2,920 |
Affordability — Lakewood, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.7 |
| Median Home Price | $660,000 |
| Median Household Income | $85,000 |