Why Live in Northeast Lakewood
Northeast Lakewood, a South Sound suburb near Tacoma, offers relaxed living with a culture-rich commercial corridor. The neighborhood is characterized by modest ramblers and manufactured homes, with no HOA restrictions, allowing homeowners to store campers and water toys on their spacious lawns. Outdoor activities are abundant, with Puget Sound shores and major intersections nearby. Wards Lake Park provides walking trails, a play area, and a fishing pier, while Wapato Park offers scenic sunsets, bridges, and a leash-free dog area. The Tacoma Twin Rinks is a local spot for hockey practice. The area is known as Koreatown, featuring multicultural cuisine with Korean restaurants like Ho Soon Yi and Coffee Kitchen, as well as other international options like Mazatlán for Mexican food. For shopping, Lakewood Towne Center's big box stores are less than 5 miles away, and Tacoma's commercial areas are a 10-mile drive. Northeast Lakewood is roughly an hour from Downtown Seattle, with immediate interstate access and public transit options. The neighborhood has a competitive housing market, with homes ranging from $150,000 to $450,000.
Frequently Asked Questions
Is Northeast Lakewood a good place to live?
Northeast Lakewood is a good place to live. Northeast Lakewood is considered somewhat walkable and bikeable. Northeast Lakewood is a suburban neighborhood. Northeast Lakewood has 6 parks for recreational activities. It is fairly sparse in population with 5.4 people per acre and a median age of 36. The average household income is $69,687 which is below the national average. College graduates make up 9.3% of residents. A majority of residents in Northeast Lakewood are renters, with 59.6% of residents renting and 40.4% of residents owning their home. A
local real estate agent serving Northeast Lakewood can help you decide if this neighborhood is the right one for you. Learn more on our
Northeast Lakewood neighborhood guide.
How much do you need to make to afford a house in Northeast Lakewood?
The median home price in Northeast Lakewood is $462,500. If you put a 20% down payment of $92,500 and had a 30-year fixed mortgage with an interest rate of 6.5%, your estimated principal and interest payment would be $2,340 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $100K a year to afford the median home price in Northeast Lakewood. The average household income in Northeast Lakewood is $70K.
What are the best public schools in Northeast Lakewood?
The best public schools that serve Northeast Lakewood are:
What are the best private schools in Northeast Lakewood?
The best private schools that serve Northeast Lakewood are:
What are the most popular zip codes in Northeast Lakewood, Lakewood, WA?
What are the most popular neighborhoods near Northeast Lakewood, Lakewood, WA?
Are home prices dropping in Northeast Lakewood?
Yes, home prices in Northeast Lakewood are down 4% in the last 12 months.
Home Trends in Northeast Lakewood, WA
On average, homes in Northeast Lakewood, Lakewood sell after 30 days on the market compared to the national average of 52 days. The median sale price for homes in Northeast Lakewood, Lakewood over the last 12 months is $455,337, down 3% from the median home sale price over the previous 12 months.
Median Sale Price
$455,337
Median Single Family Sale Price
$465,000
Average Price Per Sq Ft
$297
Number of Homes for Sale
2
Last 12 months Home Sales
18
Median List Price
$462,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-3%
