Why Live in Lake Stevens
Lake Stevens, WA, is a picturesque community centered around Snohomish County’s largest and deepest lake. Originally a resort town, it has grown to over 35,000 residents by 2020. The city offers plentiful outdoor activities, including diving at Lundeen Park, hiking the Centennial Trail, and enjoying the lake via the Lake Stevens Public Boat Launch. The annual Aquafest, along with AutumnFest and WinterFest, are popular local events. Homes in Lake Stevens range from ranch and two-story bungalows to modern mansions, with many properties featuring private docks. The Lake Stevens School District is highly rated, serving students through seven elementary schools, two middle schools, and three high schools. Dining options are modest, with fast-food chains and local eateries primarily located near Route 9 and Route 204. Shopping is convenient with Costco and Target less than two miles away, and additional stores at Lake Stevens Marketplace and Frontier Village. Commuting is facilitated by Route 9, with Snohomish 9 miles south and Seattle 40 miles southwest. Public transportation is limited, but Everett is a short 9-mile drive, and Seattle-Tacoma International Airport is 50 miles away. Environmental concerns include air quality and elevated phosphorus levels in the lake, which affect water clarity.
Frequently Asked Questions
How much does it cost to rent a home in Lake Stevens, WA?
The median rent for a home in Lake Stevens, WA is $2,950 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Lake Stevens, WA?
To comfortably afford the median rent in Lake Stevens, WA, a household needs to earn roughly $118,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,950 per month in Lake Stevens, WA, renters typically need to show $8,850 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Lake Stevens, WA?
In Lake Stevens, WA, the price-to-rent ratio is 20.2, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Lake Stevens, WA are best for renting a home?
The best neighborhood for renting in Lake Stevens, WA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include
Silver Lake,
Holly,
Delta,
Port Gardner and
Bayside, each with its own character and price range.
Rental Trends in Lake Stevens, WA
There are currently 2 homes available for rent in Lake Stevens, WA. The median rent is $2,950 per month, with single-family homes renting at $3,123, townhouses at $2,500 and condos at $2,320.
Number of Homes for Rent
2
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Median Single Family Home Rent
$3,123
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Median Townhouse Rent
$2,500
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