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The Lakes

The Lakes

$548,189 Average Value
$307 Average Price per Sq Ft
34 Homes For Sale

Scenic suburb near Central Lacey

The Lakes is a large, suburban neighborhood in central Lacey named for the three sizable lakes found within its borders. The neighborhood offers residents a woodsy environment that’s also right next to the shopping and dining in Lacey’s central commercial district. “There are a lot of nice, modern developments in the area,” says Realtor and Olympia native Justin Clement with Better Homes and Gardens. “Obviously, the water is a big part of the neighborhood for a lot of people, especially if your house is on the water. And it’s pretty convenient getting to shopping or to Joint Base Lewis-McChord.”

Locals walk the colorful streets of The Lakes WA.
Locals walk the colorful streets of The Lakes WA.
Quaint colorful communities make up The Lakes WA.
Quaint colorful communities make up The Lakes WA.
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Hicks, Long and Pattison lakes

Hicks Lake, Long Lake and Pattison Lake are central to the fabric of the neighborhood, particularly for those who live on the lakes. Private docks are common, and boating and fishing are popular pastimes. All the lakes are encircled by single-family homes that, paradoxically, limit lake access for the majority of the neighborhood’s homes, which aren’t on the water. Each lake has a single public boat launch, and routes to the launches can be a bit circuitous. Apart from the lakes, there are a number of small public parks scattered throughout the neighborhood featuring playgrounds and athletic fields. Long Lake Park is popular with boaters and swimmers in the summer, but may be best known for its New Year’s Day Polar Bear Club, which sees dozens of locals take the plunge into its waters on New Year's Day while hundreds of others spectate.

Hicks Lake is a 160 acres lake popular for kayaking, fishing, and boating in Lacey WA.
Hicks Lake is a 160 acres lake popular for kayaking, fishing, and boating in Lacey WA.
Long Lake offers stunning views and waterfront property in The Lakes WA.
Long Lake offers stunning views and waterfront property in The Lakes WA.
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A variety of suburban home styles

Housing in The Lakes neighborhood consists mainly of single-family homes, many of which were built in the late 1980s and early 1990s. Many homes back up onto one of the neighborhood’s three lakes and feature backyard docks for boating and fishing. Architectural styles vary, but it’s common to see midcentury ranch-style homes, Pacific Northwest-style bungalows and standard suburban designs with features like attached garages, modest front yards and back patios. The neighborhood’s streets and backyards are studded with mature pines, providing a sense of seclusion despite The Lakes' proximity to busy commercial areas. Smaller ranch-style homes and townhouses in the neighborhood can sell for as little as $350,000, but the more modern suburban builds that make up most of The Lakes’ housing stock generally sell for $400,000 to $600,000. Waterfront homes, which tend to be a bit larger than most of the other homes in the neighborhood, can sell for anywhere from $700,000 to just under $2 million.

Premium craftsman homes with landscaped yards are plentiful in The Lakes WA.
Premium craftsman homes with landscaped yards are plentiful in The Lakes WA.
Many large traditional homes can be found inland from the lakes in The Lakes WA.
Many large traditional homes can be found inland from the lakes in The Lakes WA.
Many of the beach front properties offer a dock for the boat along Long Lake in The Lakes WA.
Many of the beach front properties offer a dock for the boat along Long Lake in The Lakes WA.
Exceptional landscaped homes live along the coast of Hicks Lake in The Lakes WA.
Exceptional landscaped homes live along the coast of Hicks Lake in The Lakes WA.
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Timberline High's CTE programs

Public schools in the neighborhood are overseen by the North Thurston School District. Woodland Elementary School has a B-plus on Niche, while Komachin Middle School has a B grade. Timberline High School has an A-minus and offers college courses to students through its career and technical education programs, which have their classes at nearby South Puget Sound Community College.

Timberline High School has a student-teacher ratio of 22:1 in Lacey WA.
Timberline High School has a student-teacher ratio of 22:1 in Lacey WA.
Woodland Elementary School has a 16:1 student-teacher ratio in Lacey WA.
Woodland Elementary School has a 16:1 student-teacher ratio in Lacey WA.
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Shopping along Pacific Avenue

Local shopping and dining are concentrated in west Lacey, just to the north of The Lakes along Pacific Avenue. This area is less than a 1-mile drive from homes on the north side of the neighborhood and up to five miles by car from homes on the south end near Pattison Lake. It’s home to Safeway and Fred Meyer supermarkets, along with a variety of department stores, shopping centers and local and chain restaurants. Dining options range from highly rated food trucks to upscale eateries like modern steakhouse Ricardo’s Kitchen + Bar. Additional shopping and dining can be found in historic downtown Olympia, roughly 6 miles west of the neighborhood. Downtown also serves as the hub of the local arts and entertainment scene.

Don't miss out on the Frozen treat at Lime Berry Frozen Yogurt in Lacey WA.
Don't miss out on the Frozen treat at Lime Berry Frozen Yogurt in Lacey WA.
Looking for a spot to get your homework done? Starbucks has you covered in the Lacey area.
Looking for a spot to get your homework done? Starbucks has you covered in the Lacey area.
Kamakura Japanese Cuisine is a favorite in the Lacey area.
Kamakura Japanese Cuisine is a favorite in the Lacey area.
Stop by Safeway for all of your grocery needs.
Stop by Safeway for all of your grocery needs.
Department stores are close by in downtown Lacey, not far from The Lakes WA.
Department stores are close by in downtown Lacey, not far from The Lakes WA.
Safeway is the go to for groceries in The Lakes WA.
Safeway is the go to for groceries in The Lakes WA.
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Thurston County Fairgrounds

The neighborhood is also home to the Thurston County Fairgrounds, which host events throughout the warmer months, most notably the Thurston County Fair. The fair has everything from live music to rides to chainsaw sculpture competitions.

Schilters Farm offers a fall festival every October of the year in Lacey WA area.
Schilters Farm offers a fall festival every October of the year in Lacey WA area.
Enjoy the outdoor area of Shilters Farm Harvest Festival in Lacey WA area.
Enjoy the outdoor area of Shilters Farm Harvest Festival in Lacey WA area.
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Carpenter Road connections

Carpenter Road runs north-south through the neighborhood and serves as The Lakes’ main thoroughfare, connecting it to Martin Way and Pacific Avenue to the north. The nearest access to Interstate 5 is 2 miles north of the neighborhood. The 5 connects the area to Olympia, Joint Base Lewis-McChord and Tacoma. Intercity Transit runs multiple bus routes through the neighborhood, mostly along Carpenter. Seattle-Tacoma International Airport, the nearest major commercial airport, is a little over 45 miles from The Lakes.

Interstate I-5 conveniently located near department store and shopping in Lacey WA.
Interstate I-5 conveniently located near department store and shopping in Lacey WA.
Quaint colorful communities make up The Lakes WA.
Quaint colorful communities make up The Lakes WA.
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Andrew Moreno
Written By
Andrew Moreno
William King
Photography Contributed By
William King
Bob Yukich
Video By
Bob Yukich

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

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The Lakes Demographics and Home Trends

Housing Trends

Median List Price
$500,000
Median Sale Price
$495,000
Median Single Family Sale Price
$505,000
Median Townhouse Sale Price
$341,000
Median 2 Bedroom Sale Price
$325,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
209
Median Home Sale Price YoY Change
0%
Average Price Per Sq Ft
$307

Neighborhood Facts

Number of Homes
5,303
Number of Homes for Sale
34
Median Year Built
1990
Months of Supply
2.00
Average Single Family Home Size Sq Ft
1,862
On par with the national average
1,929
Average Townhouse Size Sq Ft
1,519
Average 2 Bedroom Size Sq Ft
1,294
Median Lot Size Sq Ft
10,018

Open Houses

  • Sunday, Nov 2
    11am - 5pm

    1173 68th Loop SE Unit 20, Tumwater, WA 98513

    $728,675

    • 4 Beds
    • 3 Baths
    • 3,042 Sq Ft
    • 1173 68th Loop SE
    • Unit 20

    Welcome to Three Lakes Crossing by award-winning Soundbuilt Homes! On Lot 20, the sought-after Cedar Plan features granite or quartz countertops, soft-close doors & drawers, open railings & LVP floors. The grand kitchen with generous island flows effortlessly into the great room, complemented by a large walk-in pantry & butler’s pantry plus a mudroom from the oversized 2-car garage. Main floor

    Agent Photo
    VonKarl Inman
    eXp Realty
    (360) 284-2293
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  • Sunday, Nov 2
    11am - 5pm

    1176 68th Loop SE Unit 38, Tumwater, WA 98513

    $676,950

    • 4 Beds
    • 3 Baths
    • 2,767 Sq Ft
    • 1176 68th Loop SE
    • Unit 38

    Welcome to Three Lakes Crossing by award-winning Soundbuilt Homes! The Chinook Plan on Lot 38 offers open-concept living with a main-floor guest suite. Standard features include granite or quartz countertops, soft-close doors & drawers, open railings & LVP floors in main living areas. This home features 5 bedrooms, 4 bathrooms, & fully fenced yard w/covered patio. The kitchen with eat-in island &

    Agent Photo
    VonKarl Inman
    eXp Realty
    (360) 732-8431
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  • Sunday, Nov 2
    11am - 5pm

    1180 68th Loop SE Unit 37, Tumwater, WA 98513

    $713,425

    • 4 Beds
    • 3.5 Baths
    • 3,162 Sq Ft
    • 1180 68th Loop SE
    • Unit 37

    Welcome to Three Lakes Crossing by award-winning Soundbuilt Homes! The Tresco Plan on Lot 37 is a 3-story home designed for effortless luxury living. The main floor features an open kitchen with eat-in island & pantry, flowing seamlessly to the great room, plus a den/office and covered patio with fully fenced yard. The second floor offers 4 bedrooms, 4 bathrooms, and 2nd-floor laundry,

    Agent Photo
    VonKarl Inman
    eXp Realty
    (360) 637-0594
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Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Average Home Value





Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Owners

Demographics

Total Population
16,870
Median Age
42
Population under 18
22.9%
On par with the national average
23.8%
Population over 65
20.3%
On par with the national average
19.1%

Finances

Median Household Income
$95,126
Above the national average
$71,702
Average Household Income
$109,924

Education and Workforce

High School Graduates
95.3%
Above the national average
89.1%
College Graduates
34.7%
Advanced Degrees
9.6%
On par with the national average
13.3%
% Population in Labor Force
64.1%

Weather

Annual Precipitation
50''
Average Winter Low Temperature
32°F
Average Summer High Temperature
77°F
Annual Snowfall
5''

Area Factors

Somewhat Bikeable

Bike Score®

32 / 100

Car-Dependent

Walk Score®

13 / 100

Some Transit

Transit Score®

27 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Nearby Neighborhoods

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
The Lakes