Lynnwood, WA—98087
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lynnwood, WA
As of Nov '25, the median home price in Lynnwood, WA is $733,000, with a year-over-year change of -1.4%. This indicates that home prices in Lynnwood, WA are decreasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $733,000 | -1.4% |
| Single Family | $762,000 | -1.7% |
| Condos | $642,000 | -1.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $269,000 | -7.6% |
2 Bed | $464,000 | -3.9% |
3 Bed | $700,000 | -1.7% |
4 Bed | $829,000 | -1.2% |
| 5 Bed | $1,013,270 | -1.4% |
% of Housing Stock
Rental Trends — Lynnwood, WA
As of July '25, Rentcast reports the average rent in Lynnwood, WA is $2,720, with a year-over-year rent change of -1.8%. Per bedroom, the median rent as of July '25 in Lynnwood, WA is studios: $1,740, 1-bedrooms: $1,530, 2-bedrooms: $2,240, 3-bedrooms: $3,570, 4-bedrooms: $3,540. The most common rental property sizes in Lynnwood, WA are 2-bedroom and 3-bedroom, accounting for 43.9% and 22.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,750 | $2,720 |
| Studio Rent | $1,670 | $1,740 |
| 1 Bed Rent | $1,540 | $1,530 |
| 2 Bed Rent | $2,100 | $2,240 |
| 3 Bed Rent | $3,400 | $3,570 |
| 4 Bed Rent | $3,600 | $3,540 |
% of Rental Stock
Property Listings — Lynnwood, WA
As of Nov '25, Realtor.com reports that the median days on market for a home in Lynnwood, WA is 48. This is a increase of 27.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $697,000 | -7.0% |
Listing Count | 117 | 11.0% |
| Listings as % of Homes | 0.4% | 11.0% |
Days on Market | 48 | 27.0% |
Demographics — Lynnwood, WA
As of the latest ACS Survey released in 2023, Lynnwood, WA has a population of 40,600, which has increased by 3.5% over the past 5 years. Lynnwood, WA is a moderately popular place for families, as children make up 21.7% of the population. The area has a moderately educated workforce, with 39.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,600 | 3.5% |
% Under 18 | 21.7% | -9.2% |
% Seniors | 8.5% | 2.4% |
% WFH | 18.4% | 327.9% |
% w/ College Degree | 39.5% | 25.8% |
As of the latest ACS Survey released in 2023, Lynnwood, WA is a predominantly white area, with 48.1% of the population identifying as white. The white population has shrunk by 3.2% in the last 5 years. The second most common race or ethnicity in Lynnwood, WA is asian, making up 19.9% of the population. Foreign-born residents account for 28.9% of the population in Lynnwood, WA, and this percentage has increased by 0.3% 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 | 48.1% | -3.2% |
% Black | 7.8% | 50.0% |
% Hispanic | 12.1% | -32.0% |
% Asian | 19.9% | 5.9% |
% Foreign Born | 28.9% | 0.3% |
Mortgage and Risk — Lynnwood, WA
According to HUD data as of 2023, there were 686 mortgage originations in Lynnwood, WA, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Lynnwood, WA. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 686 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Rentals and Section 8 — Lynnwood, WA
As of 2024, the percent of homes in Lynnwood, WA under the Section 8 program is 6.6%. 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 | 391 |
Total Units Section 8 | 362 |
% Rentals under Section 8 | 6.6% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $690 | $1,540 | $2,230 |
| 2 Bedroom | $500 | $2,100 | $2,600 |
| 3 Bedroom | $30 | $3,400 | $3,430 |
| 4 Bedroom | $400 | $3,600 | $4,000 |
Affordability — Lynnwood, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.5 |
| Median Home Price | $733,000 |
| Median Household Income | $107,000 |