Lynnwood, WA—98036
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lynnwood, WA
As of Oct '25, the median home price in Lynnwood, WA is $823,000, with a year-over-year change of -0.6%. This indicates that home prices in Lynnwood, WA are flat. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $823,000 | -0.6% |
| Single Family | $849,000 | -0.9% |
| Condos | $392,000 | -3.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $239,000 | -5.2% |
2 Bed | $438,000 | -3.3% |
3 Bed | $768,000 | -1.2% |
4 Bed | $962,000 | -0.6% |
| 5 Bed | $1,131,000 | -1.2% |
% of Housing Stock
Rental Trends — Lynnwood, WA
As of July '25, Rentcast reports the average rent in Lynnwood, WA is $2,550, with a year-over-year rent change of 6.2%. Per bedroom, the median rent as of July '25 in Lynnwood, WA is studios: $1,720, 1-bedrooms: $1,660, 2-bedrooms: $2,120, 3-bedrooms: $3,110, 4-bedrooms: $3,670. The most common rental property sizes in Lynnwood, WA are 2-bedroom and 1-bedroom, accounting for 35.6% and 34.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,250 | $2,550 |
| Studio Rent | $1,540 | $1,720 |
| 1 Bed Rent | $1,580 | $1,660 |
| 2 Bed Rent | $2,100 | $2,120 |
| 3 Bed Rent | $3,200 | $3,110 |
| 4 Bed Rent | $3,680 | $3,670 |
% of Rental Stock
Property Listings — Lynnwood, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Lynnwood, WA is 43. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $762,000 | -7.0% |
Listing Count | 92 | 6.0% |
| Listings as % of Homes | 0.3% | 6.0% |
Days on Market | 43 | -1.0% |
Demographics — Lynnwood, WA
As of the latest ACS Survey released in 2023, Lynnwood, WA has a population of 42,000, which has increased by 5.7% over the past 5 years. Lynnwood, WA is a moderately popular place for families, as children make up 19.5% of the population. The area has a moderately educated workforce, with 38.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 42,000 | 5.7% |
% Under 18 | 19.5% | -12.2% |
% Seniors | 16.5% | 26.9% |
% WFH | 20.5% | 177.0% |
% w/ College Degree | 38.9% | 14.4% |
As of the latest ACS Survey released in 2023, Lynnwood, WA is a predominantly white area, with 56.3% of the population identifying as white. The white population has shrunk by 8.9% in the last 5 years. The second most common race or ethnicity in Lynnwood, WA is asian, making up 18.4% of the population. Foreign-born residents account for 26.9% of the population in Lynnwood, WA, and this percentage has increased by 10.2% 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 | 56.3% | -8.9% |
% Black | 8.8% | 69.2% |
% Hispanic | 11.3% | 6.6% |
% Asian | 18.4% | 21.1% |
% Foreign Born | 26.9% | 10.2% |
Mortgage and Risk — Lynnwood, WA
According to HUD data as of 2023, there were 375 mortgage originations in Lynnwood, WA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Lynnwood, WA. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 375 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Lynnwood, WA
As of 2024, the percent of homes in Lynnwood, WA under the Section 8 program is 11.5%. 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 Lynnwood, WA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,404 |
Total Units Section 8 | 1,365 |
% Rentals under Section 8 | 11.5% |
% Occupied Section 8 | 89.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $470 | $1,580 | $2,050 |
| 2 Bedroom | $290 | $2,100 | $2,390 |
| 3 Bedroom | -$40 | $3,200 | $3,160 |
| 4 Bedroom | $0 | $3,680 | $3,680 |
Affordability — Lynnwood, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.4 |
| Median Home Price | $823,000 |
| Median Household Income | $89,600 |