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Lynnwood, WA—98037

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$783,000
0.1% YoY Growth
Household Income
$104,000
46.5% YoY Growth
Days on Market
46
22.0% Shorter YoY
Home Price Forecast
0.3%
Median Rent
$2,000
12.6% YoY Growth
1-Bed Rent
$1,620
23.3% YoY Growth
2-Bed Rent
$2,000
6.8% YoY Growth
3-Bed Rent
$2,800
2.4% YoY Growth

Other Zip Codes in Lynnwood, WA

980879802698036
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Lynnwood, WA

As of Dec '25, the median home price in Lynnwood, WA is $783,000, with a year-over-year change of 0.1%. This indicates that home prices in Lynnwood, WA are flat. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$783,0000.1%
Single Family $820,000-0.1%
Condos $488,000-2.4%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $264,000
    -6.4%
    2 Bed
    		$424,000-3.4%
    3 Bed
    		$732,000-0.3%
    4 Bed
    		$890,000-0.1%
    5 Bed $1,056,149-0.1%
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    % of Housing Stock

    Studio
    2.9%
    1 Bedroom
    9.6%
    2 Bedrooms
    29.8%
    3 Bedrooms
    33.1%
    4 Bedrooms
    18.3%
    5+ Bedrooms
    6.3%

    Rental Trends — Lynnwood, WA

    As of July '25, Rentcast reports the average rent in Lynnwood, WA is $2,420, with a year-over-year rent change of 12.6%. Per bedroom, the median rent as of July '25 in Lynnwood, WA is studios: $1,930, 1-bedrooms: $1,640, 2-bedrooms: $2,040, 3-bedrooms: $2,850, 4-bedrooms: $3,880. The most common rental property sizes in Lynnwood, WA are 2-bedroom and 1-bedroom, accounting for 58.0% and 19.0% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,000$2,420
    Studio Rent $1,840$1,930
    1 Bed Rent $1,620$1,640
    2 Bed Rent $2,000$2,040
    3 Bed Rent $2,800$2,850
    4 Bed Rent $3,500$3,880
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    % of Rental Stock

    Studio
    6.7%
    1 Bedroom
    19.0%
    2 Bedrooms
    58.0%
    3 Bedrooms
    13.2%
    4 Bedrooms
    2.4%
    5+ Bedrooms
    0.7%

    Property Listings — Lynnwood, WA

    As of Dec '25, Realtor.com reports that the median days on market for a home in Lynnwood, WA is 41. This is a decrease of -13.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$777,000-4.0%
    Listing Count
    		45-21.0%
    Listings as % of Homes0.2%-21.0%
    Days on Market
    		46-22.0%
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    Demographics — Lynnwood, WA

    As of the latest ACS Survey released in 2023, Lynnwood, WA has a population of 30,600, which has increased by 4.0% over the past 5 years. Lynnwood, WA is a moderately popular place for families, as children make up 20.5% of the population. The area has a moderately educated workforce, with 37.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		30,6004.0%
    % Under 18
    		20.5%-1.0%
    % Seniors
    		15.5%11.5%
    % WFH
    		14.3%225.0%
    % w/ College Degree
    		37.2%6.9%
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    As of the latest ACS Survey released in 2023, Lynnwood, WA is a predominantly white area, with 48.3% of the population identifying as white. The white population has shrunk by 9.9% in the last 5 years. The second most common race or ethnicity in Lynnwood, WA is asian, making up 23.1% of the population. Foreign-born residents account for 27.6% of the population in Lynnwood, WA, and this percentage has decreased by 2.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		48.3%-9.9%
    % Black
    		6.2%-7.5%
    % Hispanic
    		15.1%24.8%
    % Asian
    		23.1%7.9%
    % Foreign Born
    		27.6%-2.8%
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    Mortgage and Risk — Lynnwood, WA

    According to HUD data as of 2023, there were 347 mortgage originations in Lynnwood, WA, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Lynnwood, WA. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		347
    % Conventional Loans
    		94.0%
    % Government Loans
    		6.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		10.0%
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    Rentals and Section 8 — Lynnwood, WA

    As of 2024, the percent of homes in Lynnwood, WA under the Section 8 program is 5.2%. 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 Lynnwood, WA, 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
    		218
    Total Units Section 8
    		218
    % Rentals under Section 8
    		5.2%
    % Occupied Section 8
    		89.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$520$1,620$2,140
    2 Bedroom$490$2,000$2,490
    3 Bedroom$480$2,800$3,280
    4 Bedroom$330$3,500$3,830

    Affordability — Lynnwood, WA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio6.7
    Median Home Price$783,000
    Median Household Income$104,000

    Lynnwood, WA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Lynnwood, WA

    98036

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    Frequently Asked Questions