Lynnwood, WA—98026
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 $839,000, with a year-over-year change of -0.7%. This indicates that home prices in Lynnwood, WA are flat. 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 | $839,000 | -0.7% |
| Single Family | $876,000 | -0.9% |
| Condos | $430,000 | -2.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $309,000 | -3.4% |
2 Bed | $489,000 | -3.2% |
3 Bed | $799,000 | -1.1% |
4 Bed | $997,000 | -0.6% |
| 5 Bed | $1,158,000 | 0.0% |
% of Housing Stock
Rental Trends — Lynnwood, WA
As of July '25, Rentcast reports the average rent in Lynnwood, WA is $2,560, with a year-over-year rent change of -5.5%. Per bedroom, the median rent as of July '25 in Lynnwood, WA is studios: $1,610, 1-bedrooms: $1,840, 2-bedrooms: $2,280, 3-bedrooms: $3,030, 4-bedrooms: $3,860. The most common rental property sizes in Lynnwood, WA are 2-bedroom and 1-bedroom, accounting for 46.7% and 23.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,560 |
| Studio Rent | $1,600 | $1,610 |
| 1 Bed Rent | $1,800 | $1,840 |
| 2 Bed Rent | $2,250 | $2,280 |
| 3 Bed Rent | $3,000 | $3,030 |
| 4 Bed Rent | $3,800 | $3,860 |
% 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 38. This is a increase of 40.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $793,000 | -8.0% |
Listing Count | 141 | -1.0% |
| Listings as % of Homes | 0.4% | -1.0% |
Days on Market | 38 | 40.0% |
Demographics — Lynnwood, WA
As of the latest ACS Survey released in 2023, Lynnwood, WA has a population of 39,000, which has increased by 6.1% over the past 5 years. Lynnwood, WA is a moderately popular place for families, as children make up 18.2% of the population. The area has a highly educated workforce, with 47.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,000 | 6.1% |
% Under 18 | 18.2% | 3.4% |
% Seniors | 18.2% | 11.0% |
% WFH | 23.9% | 279.4% |
% w/ College Degree | 47.3% | 14.5% |
As of the latest ACS Survey released in 2023, Lynnwood, WA is a predominantly white area, with 67.9% of the population identifying as white. The white population has shrunk by 10.9% in the last 5 years. The second most common race or ethnicity in Lynnwood, WA is asian, making up 12.8% of the population. Foreign-born residents account for 16.7% of the population in Lynnwood, WA, and this percentage has increased by 9.2% 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 | 67.9% | -10.9% |
% Black | 3.0% | 42.9% |
% Hispanic | 6.5% | -3.0% |
% Asian | 12.8% | 29.3% |
% Foreign Born | 16.7% | 9.2% |
Mortgage and Risk — Lynnwood, WA
According to HUD data as of 2023, there were 714 mortgage originations in Lynnwood, WA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Lynnwood, WA. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 714 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Lynnwood, WA
As of 2024, the percent of homes in Lynnwood, WA under the Section 8 program is 2.8%. 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 and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Lynnwood, WA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 85 |
Total Units Section 8 | 85 |
% Rentals under Section 8 | 2.8% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $270 | $1,800 | $2,070 |
| 2 Bedroom | $160 | $2,250 | $2,410 |
| 3 Bedroom | $180 | $3,000 | $3,180 |
| 4 Bedroom | -$100 | $3,800 | $3,700 |
Affordability — Lynnwood, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.2 |
| Median Home Price | $839,000 |
| Median Household Income | $124,000 |