Lakewood appreciation rates and housing market information

Lakewood housing market information

With 144,089 people, 62,433 houses or apartments, and a median cost of homes of $262,767, Lakewood real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Lakewood, accounting for 50.73% of the city's housing units. Other types of housing that are prevalent in Lakewood include large apartment complexes or high rise apartments (32.01%), row houses and other attached homes (10.93%), duplexes, homes converted to apartments, or other small apartment buildings (5.54%), and a few mobile homes or trailers (0.76%).

People in Lakewood primarily live in small (one, two, or no bedroom) single-family detached homes. Lakewood has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Lakewood built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lakewood built from 1940-1969 (40.65%). A lesser amount of the housing stock also hails from 1995 and later (7.73%), and some were built from 1939 and earlier (7.73%).

Lakewood home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Lakewood, where house values have increased just 40.56%, which is an average annual increase of 4.05%. NeighborhoodScout's data show that in the latest quarter, Lakewood house values appreciated 1.15%, which is an annualized rate of 4.60%. This rate is lower than the appreciation rate found in 30% of the cities and towns in America.

Over the last year, Lakewood appreciation rates have trailed the rest of the nation. In the last twelve months, Lakewood's appreciation rate has been -0.80%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lakewood were at 1.15%, which equates to an annual appreciation rate of 4.60%.

Relative to Colorado, our data show that Lakewood's latest annual appreciation rate is higher than 17% of the other cities and towns in Colorado.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Lakewood differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lakewood - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Lakewood real estate investment or home purchase decisions.