Lake Forest Park, Shoreline, WA—98155
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lake Forest Park, Shoreline, WA
As of Oct '25, the median home price in Lake Forest Park, Shoreline, WA is $816,000, with a year-over-year change of -1.8%. This indicates that home prices in Lake Forest Park, Shoreline, WA are decreasing. 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $816,000 | -1.8% |
| Single Family | $842,000 | -2.0% |
| Condos | $373,000 | -6.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $307,000 | -7.8% |
2 Bed | $581,000 | -1.5% |
3 Bed | $782,000 | -2.2% |
4 Bed | $971,000 | -1.7% |
| 5 Bed | $1,140,000 | -1.0% |
% of Housing Stock
Rental Trends — Lake Forest Park, Shoreline, WA
As of July '25, Rentcast reports the average rent in Lake Forest Park, Shoreline, WA is $2,540, with a year-over-year rent change of -8.6%. Per bedroom, the median rent as of July '25 in Lake Forest Park, Shoreline, WA is studios: $1,540, 1-bedrooms: $1,650, 2-bedrooms: $2,310, 3-bedrooms: $3,330, 4-bedrooms: $3,570. The most common rental property sizes in Lake Forest Park, Shoreline, WA are 2-bedroom and 1-bedroom, accounting for 43.2% and 25.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,540 |
| Studio Rent | $1,500 | $1,540 |
| 1 Bed Rent | $1,660 | $1,650 |
| 2 Bed Rent | $2,090 | $2,310 |
| 3 Bed Rent | $3,300 | $3,330 |
| 4 Bed Rent | $3,500 | $3,570 |
% of Rental Stock
Property Listings — Lake Forest Park, Shoreline, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Lake Forest Park, Shoreline, WA is 38. This is a increase of 2.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $760,000 | -11.0% |
Listing Count | 97 | 4.0% |
| Listings as % of Homes | 0.3% | 4.0% |
Days on Market | 38 | 2.0% |
Demographics — Lake Forest Park, Shoreline, WA
As of the latest ACS Survey released in 2023, Lake Forest Park, Shoreline, WA has a population of 35,900, which has increased by 2.5% over the past 5 years. Lake Forest Park, Shoreline, WA is a moderately popular place for families, as children make up 19.7% of the population. The area has a highly educated workforce, with 55.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,900 | 2.5% |
% Under 18 | 19.7% | -2.5% |
% Seniors | 17.8% | 17.1% |
% WFH | 24.9% | 322.0% |
% w/ College Degree | 55.9% | 12.0% |
As of the latest ACS Survey released in 2023, Lake Forest Park, Shoreline, WA is a predominantly white area, with 65.5% of the population identifying as white. The white population has shrunk by 5.5% in the last 5 years. The second most common race or ethnicity in Lake Forest Park, Shoreline, WA is asian, making up 13.2% of the population. Foreign-born residents account for 18.6% of the population in Lake Forest Park, Shoreline, WA, and this percentage has increased by 6.3% 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 | 65.5% | -5.5% |
% Black | 4.6% | 0.0% |
% Hispanic | 8.0% | 8.1% |
% Asian | 13.2% | 3.1% |
% Foreign Born | 18.6% | 6.3% |
Mortgage and Risk — Lake Forest Park, Shoreline, WA
According to HUD data as of 2023, there were 528 mortgage originations in Lake Forest Park, Shoreline, WA, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Lake Forest Park, Shoreline, WA. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 528 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Lake Forest Park, Shoreline, WA
As of 2024, the percent of homes in Lake Forest Park, Shoreline, WA under the Section 8 program is 4.3%. 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 Lake Forest Park, Shoreline, 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 | 532 |
Total Units Section 8 | 168 |
% Rentals under Section 8 | 4.3% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $620 | $1,660 | $2,280 |
| 2 Bedroom | $560 | $2,090 | $2,650 |
| 3 Bedroom | $190 | $3,300 | $3,490 |
| 4 Bedroom | $570 | $3,500 | $4,070 |
Affordability — Lake Forest Park, Shoreline, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.9 |
| Median Home Price | $816,000 |
| Median Household Income | $132,000 |