Lynnwood, WA—98037
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 $788,000, with a year-over-year change of 0.3%. This indicates that home prices in Lynnwood, WA are flat. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $788,000 | 0.3% |
| Single Family | $825,000 | 0.2% |
| Condos | $491,000 | -2.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $265,000 | -6.4% |
2 Bed | $423,000 | -3.4% |
3 Bed | $737,000 | -0.1% |
4 Bed | $897,000 | 0.7% |
| 5 Bed | $1,065,000 | 0.8% |
% of Housing Stock
Rental Trends — Lynnwood, WA
As of July '25, Rentcast reports the average rent in Lynnwood, WA is $2,420, with a year-over-year rent change of 12.6%. Per bedroom, the median rent as of July '25 in Lynnwood, WA is studios: $1,930, 1-bedrooms: $1,640, 2-bedrooms: $2,040, 3-bedrooms: $2,850, 4-bedrooms: $3,880. The most common rental property sizes in Lynnwood, WA are 2-bedroom and 1-bedroom, accounting for 58.0% and 19.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,420 |
| Studio Rent | $1,840 | $1,930 |
| 1 Bed Rent | $1,620 | $1,640 |
| 2 Bed Rent | $2,000 | $2,040 |
| 3 Bed Rent | $2,800 | $2,850 |
| 4 Bed Rent | $3,500 | $3,880 |
% 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 41. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $863,000 | 1.0% |
Listing Count | 63 | -30.0% |
| Listings as % of Homes | 0.2% | -30.0% |
Days on Market | 41 | -1.0% |
Demographics — Lynnwood, WA
As of the latest ACS Survey released in 2023, Lynnwood, WA has a population of 30,600, which has increased by 4.0% over the past 5 years. Lynnwood, WA is a moderately popular place for families, as children make up 20.5% of the population. The area has a moderately educated workforce, with 37.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,600 | 4.0% |
% Under 18 | 20.5% | -1.0% |
% Seniors | 15.5% | 11.5% |
% WFH | 14.3% | 225.0% |
% w/ College Degree | 37.2% | 6.9% |
As of the latest ACS Survey released in 2023, Lynnwood, WA is a predominantly white area, with 48.3% of the population identifying as white. The white population has shrunk by 9.9% in the last 5 years. The second most common race or ethnicity in Lynnwood, WA is asian, making up 23.1% of the population. Foreign-born residents account for 27.6% of the population in Lynnwood, WA, and this percentage has decreased by 2.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 48.3% | -9.9% |
% Black | 6.2% | -7.5% |
% Hispanic | 15.1% | 24.8% |
% Asian | 23.1% | 7.9% |
% Foreign Born | 27.6% | -2.8% |
Mortgage and Risk — Lynnwood, WA
According to HUD data as of 2023, there were 347 mortgage originations in Lynnwood, WA, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Lynnwood, WA. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 347 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Lynnwood, WA
As of 2024, the percent of homes in Lynnwood, WA under the Section 8 program is 5.2%. 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 Lynnwood, 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 | 218 |
Total Units Section 8 | 218 |
% Rentals under Section 8 | 5.2% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $520 | $1,620 | $2,140 |
| 2 Bedroom | $490 | $2,000 | $2,490 |
| 3 Bedroom | $480 | $2,800 | $3,280 |
| 4 Bedroom | $330 | $3,500 | $3,830 |
Affordability — Lynnwood, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.8 |
| Median Home Price | $788,000 |
| Median Household Income | $104,000 |