Lakewood, CO—80226
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 $541,000, with a year-over-year change of -2.7%. This indicates that home prices in Lakewood, CO are decreasing. According to Zillow, the 1-year price projection is -1.5%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $541,000 | -2.7% |
| Single Family | $560,000 | -2.8% |
| Condos | $313,000 | -6.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $258,000 | -7.2% |
2 Bed | $394,000 | -5.5% |
3 Bed | $536,000 | -2.9% |
4 Bed | $598,000 | -2.8% |
| 5 Bed | $642,000 | -2.7% |
% of Housing Stock
Rental Trends — Lakewood, CO
As of July '25, Rentcast reports the average rent in Lakewood, CO is $1,810, with a year-over-year rent change of -13.4%. Per bedroom, the median rent as of July '25 in Lakewood, CO is studios: $1,190, 1-bedrooms: $1,390, 2-bedrooms: $1,760, 3-bedrooms: $2,710, 4-bedrooms: $3,430. The most common rental property sizes in Lakewood, CO are 2-bedroom and 1-bedroom, accounting for 42.2% and 28.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,620 | $1,810 |
| Studio Rent | $1,100 | $1,190 |
| 1 Bed Rent | $1,380 | $1,390 |
| 2 Bed Rent | $1,650 | $1,760 |
| 3 Bed Rent | $2,700 | $2,710 |
| 4 Bed Rent | $3,300 | $3,430 |
% 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 58. This is a increase of 25.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $575,000 | -2.0% |
Listing Count | 105 | 19.0% |
| Listings as % of Homes | 0.3% | 19.0% |
Days on Market | 58 | 25.0% |
Demographics — Lakewood, CO
As of the latest ACS Survey released in 2023, Lakewood, CO has a population of 32,200, which has decreased by -1.2% over the past 5 years. Lakewood, CO is a moderately popular place for families, as children make up 17.7% of the population. The area has a moderately educated workforce, with 37.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,200 | -1.2% |
% Under 18 | 17.7% | -7.8% |
% Seniors | 16.7% | 7.7% |
% WFH | 18.3% | 157.7% |
% w/ College Degree | 37.8% | 5.0% |
As of the latest ACS Survey released in 2023, Lakewood, CO is a predominantly white area, with 60.3% of the population identifying as white. The white population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Lakewood, CO is hispanic, making up 30.5% of the population. Foreign-born residents account for 11.6% of the population in Lakewood, CO, and this percentage has decreased by 4.1% 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 | 60.3% | -3.8% |
% Black | 2.4% | 118.2% |
% Hispanic | 30.5% | 0.0% |
% Asian | 3.6% | 2.9% |
% Foreign Born | 11.6% | -4.1% |
Mortgage and Risk — Lakewood, CO
According to HUD data as of 2023, there were 561 mortgage originations in Lakewood, CO, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Lakewood, CO. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 561 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Lakewood, CO
As of 2024, the percent of homes in Lakewood, CO under the Section 8 program is 10.0%. 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 | 675 |
Total Units Section 8 | 655 |
% Rentals under Section 8 | 10.0% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $280 | $1,380 | $1,660 |
| 2 Bedroom | $340 | $1,650 | $1,990 |
| 3 Bedroom | -$110 | $2,700 | $2,590 |
| 4 Bedroom | -$390 | $3,300 | $2,910 |
Affordability — Lakewood, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7 |
| Median Home Price | $541,000 |
| Median Household Income | $78,500 |