Lakewood, CO—80232
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 $524,000, with a year-over-year change of -2.9%. 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 | $524,000 | -2.9% |
| Single Family | $533,000 | -2.9% |
| Condos | $309,000 | -7.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $203,000 | -8.1% |
2 Bed | $371,000 | -5.8% |
3 Bed | $516,000 | -3.0% |
4 Bed | $563,000 | -2.6% |
| 5 Bed | $582,000 | -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 0.6%. Per bedroom, the median rent as of July '25 in Lakewood, CO is studios: $1,270, 1-bedrooms: $1,300, 2-bedrooms: $1,730, 3-bedrooms: $2,460, 4-bedrooms: $2,680. The most common rental property sizes in Lakewood, CO are 2-bedroom and 1-bedroom, accounting for 38.4% and 29.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,810 |
| Studio Rent | $945 | $1,270 |
| 1 Bed Rent | $1,320 | $1,300 |
| 2 Bed Rent | $1,500 | $1,730 |
| 3 Bed Rent | $2,400 | $2,460 |
| 4 Bed Rent | $2,750 | $2,680 |
% 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 41. This is a increase of 14.0% 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 49.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $523,000 | -9.0% |
Listing Count | 81 | -1.0% |
| Listings as % of Homes | 0.5% | -1.0% |
Days on Market | 41 | 14.0% |
Demographics — Lakewood, CO
As of the latest ACS Survey released in 2023, Lakewood, CO has a population of 22,400, which has remained stable by -0.7% over the past 5 years. Lakewood, CO is a moderately popular place for families, as children make up 17.1% of the population. The area has a moderately educated workforce, with 37.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,400 | -0.7% |
% Under 18 | 17.1% | 0.0% |
% Seniors | 18.1% | 7.1% |
% WFH | 18.5% | 362.5% |
% w/ College Degree | 37.1% | 28.8% |
As of the latest ACS Survey released in 2023, Lakewood, CO is a predominantly white area, with 60.4% of the population identifying as white. The white population has shrunk by 8.8% in the last 5 years. The second most common race or ethnicity in Lakewood, CO is hispanic, making up 28.2% of the population. Foreign-born residents account for 8.9% of the population in Lakewood, CO, and this percentage has increased by 12.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 60.4% | -8.8% |
% Black | 0.8% | 14.3% |
% Hispanic | 28.2% | 7.6% |
% Asian | 6.8% | 78.9% |
% Foreign Born | 8.9% | 12.7% |
Mortgage and Risk — Lakewood, CO
According to HUD data as of 2023, there were 485 mortgage originations in Lakewood, CO, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Lakewood, CO. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 485 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Lakewood, CO
As of 2024, the percent of homes in Lakewood, CO under the Section 8 program is 5.4%. 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. In Lakewood, CO, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 143 |
Total Units Section 8 | 143 |
% Rentals under Section 8 | 5.4% |
% Occupied Section 8 | 81.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $350 | $1,320 | $1,670 |
| 2 Bedroom | $500 | $1,500 | $2,000 |
| 3 Bedroom | $210 | $2,400 | $2,610 |
| 4 Bedroom | $170 | $2,750 | $2,920 |
Affordability — Lakewood, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6 |
| Median Home Price | $524,000 |
| Median Household Income | $87,800 |