Lacey, WA—98516
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lacey, WA
As of Oct '25, the median home price in Lacey, WA is $577,000, with a year-over-year change of 0.3%. This indicates that home prices in Lacey, WA are flat. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $577,000 | 0.3% |
| Single Family | $579,000 | 0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $584,000 | 0.2% |
3 Bed | $525,000 | 0.4% |
4 Bed | $609,000 | 0.3% |
| 5 Bed | $657,000 | 0.6% |
% of Housing Stock
Rental Trends — Lacey, WA
As of July '25, Rentcast reports the average rent in Lacey, WA is $2,510, with a year-over-year rent change of -0.4%. Per bedroom, the median rent as of July '25 in Lacey, WA is studios: $1,700, 1-bedrooms: $1,860, 2-bedrooms: $1,950, 3-bedrooms: $2,730, 4-bedrooms: $3,030. The most common rental property sizes in Lacey, WA are 2-bedroom and 3-bedroom, accounting for 36.1% and 20.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,510 |
| Studio Rent | $1,710 | $1,700 |
| 1 Bed Rent | $1,800 | $1,860 |
| 2 Bed Rent | $2,040 | $1,950 |
| 3 Bed Rent | $2,650 | $2,730 |
| 4 Bed Rent | $2,900 | $3,030 |
% of Rental Stock
Property Listings — Lacey, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Lacey, WA is 47. 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $648,000 | 3.0% |
Listing Count | 110 | 9.0% |
| Listings as % of Homes | 0.6% | 9.0% |
Days on Market | 47 | 2.0% |
Demographics — Lacey, WA
As of the latest ACS Survey released in 2023, Lacey, WA has a population of 28,300, which has increased by 15.3% over the past 5 years. Lacey, WA is a moderately popular place for families, as children make up 23.5% of the population. The area has a moderately educated workforce, with 37.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,300 | 15.3% |
% Under 18 | 23.5% | 1.7% |
% Seniors | 19.8% | 7.0% |
% WFH | 12.8% | 116.9% |
% w/ College Degree | 37.0% | -10.8% |
As of the latest ACS Survey released in 2023, Lacey, WA is a predominantly white area, with 62.4% of the population identifying as white. The white population has shrunk by 5.9% in the last 5 years. The second most common race or ethnicity in Lacey, WA is asian, making up 11.4% of the population. Foreign-born residents account for 14.3% of the population in Lacey, WA, and this percentage has increased by 12.6% 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 | 62.4% | -5.9% |
% Black | 4.5% | 40.6% |
% Hispanic | 10.3% | -4.6% |
% Asian | 11.4% | -8.1% |
% Foreign Born | 14.3% | 12.6% |
Mortgage and Risk — Lacey, WA
Lacey, WA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Lacey, WA
As of 2024, the percent of homes in Lacey, WA under the Section 8 program is 2.4%. 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 Lacey, 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 | 90 |
Total Units Section 8 | 90 |
% Rentals under Section 8 | 2.4% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $80 | $1,800 | $1,880 |
| 2 Bedroom | $150 | $2,040 | $2,190 |
| 3 Bedroom | $350 | $2,650 | $3,000 |
| 4 Bedroom | $780 | $2,900 | $3,680 |
Affordability — Lacey, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $577,000 |
| Median Household Income | $92,200 |