Lakebay, WA—98349
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lakebay, WA
As of Oct '25, the median home price in Lakebay, WA is $524,000, with a year-over-year change of -1.4%. This indicates that home prices in Lakebay, WA are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $524,000 | -1.4% |
| Single Family | $525,000 | -1.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $396,000 | -2.2% |
2 Bed | $494,000 | -3.1% |
3 Bed | $546,000 | -0.7% |
4 Bed | $693,000 | -1.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lakebay, WA
As of July '25, Rentcast reports the average rent in Lakebay, WA is $4,920, with a year-over-year rent change of 69.7%. Per bedroom, the median rent as of July '25 in Lakebay, WA is 4-bedrooms: $3,850. The most common rental property sizes in Lakebay, WA are 2-bedroom and 3-bedroom, accounting for 59.3% and 31.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,850 | $4,920 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $3,850 | $3,850 |
% of Rental Stock
Property Listings — Lakebay, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Lakebay, WA is 79. This is a decrease of -6.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $711,000 | 2.0% |
Listing Count | 34 | 16.0% |
| Listings as % of Homes | 0.5% | 16.0% |
Days on Market | 79 | -6.0% |
Demographics — Lakebay, WA
As of the latest ACS Survey released in 2023, Lakebay, WA has a population of 5,020, which has increased by 15.5% over the past 5 years. Lakebay, WA is a moderately popular place for families, as children make up 16.2% of the population. The area has a poorly educated workforce, with 23.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,020 | 15.5% |
% Under 18 | 16.2% | -34.1% |
% Seniors | 24.9% | 27.0% |
% WFH | 17.8% | 117.1% |
% w/ College Degree | 23.1% | 8.5% |
As of the latest ACS Survey released in 2023, Lakebay, WA is a predominantly white area, with 79.2% of the population identifying as white. The white population has shrunk by 14.7% in the last 5 years. The second most common race or ethnicity in Lakebay, WA is hispanic, making up 7.3% of the population. Foreign-born residents account for 10.1% of the population in Lakebay, WA, and this percentage has increased by 260.7% 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 | 79.2% | -14.7% |
% Black | 0.0% | N/A |
% Hispanic | 7.3% | 204.2% |
% Asian | 2.6% | 62.5% |
% Foreign Born | 10.1% | 260.7% |
Mortgage and Risk — Lakebay, WA
According to HUD data as of 2023, there were 300 mortgage originations in Lakebay, WA, of which 77.0% 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 Lakebay, 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
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 300 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 1.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Lakebay, WA
Lakebay, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,450 |
| 2 Bedroom | N/A | N/A | $1,790 |
| 3 Bedroom | N/A | N/A | $2,520 |
| 4 Bedroom | -$930 | $3,850 | $2,920 |
Affordability — Lakebay, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $524,000 |
| Median Household Income | $84,300 |