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  4. /Lynnwood, WA - 98036

Lynnwood, WA—98036

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$817,000
3.1% YoY Growth
Household Income
$89,600
15.5% YoY Growth
Days on Market
30
20.0% Longer YoY
Home Price Forecast
-1.4%
Median Rent
$2,250
6.2% YoY Growth
1-Bed Rent
$1,580
14.5% YoY Growth
2-Bed Rent
$2,100
1.9% YoY Growth
3-Bed Rent
$3,200
11.5% YoY Growth

Other Zip Codes in Lynnwood, WA

980379808798026
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Lynnwood, WA

As of May '26, the median home price in Lynnwood, WA is $817,000, with a year-over-year change of -3.1%. This indicates that home prices in Lynnwood, WA are decreasing. According to Zillow, the 1-year price projection is -1.4%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$817,000-3.1%
Single Family $841,000-3.2%
Condos $376,000-5.3%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $229,000
    -6.1%
    2 Bed
    		$437,000-4.8%
    3 Bed
    		$764,000-2.6%
    4 Bed
    		$942,000-4.5%
    5 Bed $1,108,127-5.0%
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    % of Housing Stock

    Studio
    4.0%
    1 Bedroom
    14.6%
    2 Bedrooms
    21.9%
    3 Bedrooms
    35.5%
    4 Bedrooms
    16.3%
    5+ Bedrooms
    7.7%

    Rental Trends — Lynnwood, WA

    As of July '25, Rentcast reports the average rent in Lynnwood, WA is $2,550, with a year-over-year rent change of 6.2%. Per bedroom, the median rent as of July '25 in Lynnwood, WA is studios: $1,720, 1-bedrooms: $1,660, 2-bedrooms: $2,120, 3-bedrooms: $3,110, 4-bedrooms: $3,670. The most common rental property sizes in Lynnwood, WA are 2-bedroom and 1-bedroom, accounting for 35.6% and 34.7% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,250$2,550
    Studio Rent $1,540$1,720
    1 Bed Rent $1,580$1,660
    2 Bed Rent $2,100$2,120
    3 Bed Rent $3,200$3,110
    4 Bed Rent $3,680$3,670
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    % of Rental Stock

    Studio
    8.4%
    1 Bedroom
    34.7%
    2 Bedrooms
    35.6%
    3 Bedrooms
    15.9%
    4 Bedrooms
    4.3%
    5+ Bedrooms
    1.2%

    Property Listings — Lynnwood, WA

    As of May '26, Realtor.com reports that the median days on market for a home in Lynnwood, WA is 30. This is a increase of 20.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$840,0004.0%
    Listing Count
    		11945.0%
    Listings as % of Homes0.3%45.0%
    Days on Market
    		3020.0%
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    Demographics — Lynnwood, WA

    As of the latest ACS Survey released in 2023, Lynnwood, WA has a population of 42,000, which has increased by 5.7% over the past 5 years. Lynnwood, WA is a moderately popular place for families, as children make up 19.5% of the population. The area has a moderately educated workforce, with 38.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		42,0005.7%
    % Under 18
    		19.5%-12.2%
    % Seniors
    		16.5%26.9%
    % WFH
    		20.5%177.0%
    % w/ College Degree
    		38.9%14.4%
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    As of the latest ACS Survey released in 2023, Lynnwood, WA is a predominantly white area, with 56.3% of the population identifying as white. The white population has shrunk by 8.9% in the last 5 years. The second most common race or ethnicity in Lynnwood, WA is asian, making up 18.4% of the population. Foreign-born residents account for 26.9% of the population in Lynnwood, WA, and this percentage has increased by 10.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		56.3%-8.9%
    % Black
    		8.8%69.2%
    % Hispanic
    		11.3%6.6%
    % Asian
    		18.4%21.1%
    % Foreign Born
    		26.9%10.2%
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    Mortgage and Risk — Lynnwood, WA

    According to HUD data as of 2023, there were 375 mortgage originations in Lynnwood, WA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Lynnwood, WA. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		375
    % Conventional Loans
    		95.0%
    % Government Loans
    		5.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		9.0%
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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 11.5%. 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 units appear to be good home sizes to consider for Section 8 housing in Lynnwood, WA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		1,404
    Total Units Section 8
    		1,365
    % Rentals under Section 8
    		11.5%
    % Occupied Section 8
    		89.7%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$470$1,580$2,050
    2 Bedroom$290$2,100$2,390
    3 Bedroom-$40$3,200$3,160
    4 Bedroom$0$3,680$3,680

    Affordability — Lynnwood, WA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio8.6
    Median Home Price$817,000
    Median Household Income$89,600

    Lynnwood, WA — ZIP Code Boundary Map

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    Frequently Asked Questions