Why Live in Lynnwood
Lynnwood, WA, situated in the north Seattle suburbs, is a bustling hub known for its convenience and comfort. The city boasts the largest shopping mall in Snohomish County, Alderwood Mall, which offers 1.3 million square feet of shopping, dining, and entertainment. Additionally, Lynnwood has a newly installed Light Rail connection to downtown Seattle, making commuting easier. The city is well-connected with access to Interstates 5 and 405, facilitating a 17-mile drive to Seattle. Residential areas feature a mix of single-family homes, including bungalows, ranch-style houses, contemporary Craftsman, and split-levels, typically on quarter-acre lots. Condos and townhomes provide smaller housing options. The Edmonds School District serves Lynnwood, receiving high ratings and ranking among the top five school districts in Snohomish County. Outdoor enthusiasts can enjoy Lynndale Park's nature trails, dog park, and picnic pavilion, or play golf at the Lynnwood Municipal Golf Course. Scriber Lake Park offers a serene wetland habitat, while the Lynnwood Recreation Center provides year-round swimming, a gym, and racquetball courts. Indoor attractions include the Lynnwood Ice Center, which offers skating lessons and hosts hockey games. The city celebrates various events such as the Juneteenth Freedom Festival, Fair on 44th, Lynnwood's History & Heritage Days, and Shakespeare in the Park at Lynndale Park's amphitheater. Despite its vibrant community, Lynnwood faces practical challenges with an extreme flood risk, major air quality risk, and moderate risks for wildfires and intense heat. Crime data from 2023 indicates a decrease in violent crimes, though property crimes have seen an increase.
Frequently Asked Questions
What is the average home price in Lynnwood, WA?
Homes for sale in Lynnwood, WA have an average home price of $905,739.
Are home prices dropping in Lynnwood?
Yes, home prices in Lynnwood are down 9% in the last 12 months.
How many homes have sold over the last 12 months in Lynnwood, WA?
469 homes have sold in Lynnwood, WA over the last 12 months.
Is Lynnwood, WA a safe city?
What are the most popular zip codes in Lynnwood, WA?
What are the most popular neighborhoods in Lynnwood, WA?
How much do you need to make to afford a house in Lynnwood?
The median home price in Lynnwood is $799,950. If you put a 20% down payment of $160,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $4,150 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $178K a year to afford the median home price in Lynnwood.
How are the schools in Lynnwood, WA?
Home Trends in Lynnwood, WA
On average, homes in Lynnwood, WA sell after 30 days on the market compared to the national average of 70 days. The median sale price for homes in Lynnwood, WA over the last 12 months is $789,950, down 10% from the median home sale price over the previous 12 months.
Median Sale Price
$789,950
Median Single Family Sale Price
$782,500
Median Townhouse Sale Price
$730,000
Median 2 Bedroom Sale Price
$340,640
Average Price Per Sq Ft
$422
Number of Homes for Sale
27
Last 12 months Home Sales
469
Median List Price
$799,950
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-10%