Lakewood Real Estate Market Overview
Average Monthly Rent:
$1,526
Percentage Change in Home Price/Value:
3.00%
Median Home Value:
$434,419
Best Time To Sell Home:
October
Affordability Index:
109.2
Days To Sell House:
45.375
Job Market:
Fair
Public School Ranking:
17
Location and Weather
Lakewood is a city less than 8 miles west of Denver. It is home to the Denver Federal Center, a 623-acre campus that houses many agencies of the U.S. government and employs 8,000 workers. It has the urban benefits of being close to the large city of Denver but maintains a suburban feel. Many young professionals live in Lakewood, and the schools are known to be highly rated.
Lakewood has warm summers and cold, dry winters. Summer temperatures are in the 80’s, with lows in the 60’s. The winter temperatures are in the high 40’s, with lows in the 20’s. The climate and terrain make Lakewood the perfect place for outdoor recreation. Four parks nearby include the Kendrick Lake Park, Bear Creek Lake Park, William F. Hayden Green Mountain Park and Crown Hill Park.
Population, Job Market and Cost of Living
The population of Lakewood in 2019 was 116,798, with a growth rate of 1.13%. The job growth has increased by 2.77% and in ten years, is predicted to have increased by 44.11%.
The largest industries of Lakewood include federal agencies, state and local government, education, healthcare, mining/oil and gas/energy related industries, medical device Manufacturing, renewable energy, financial services, IT/software, advertising and marketing. The cost of living is high, due to the real estate market and pricing of available housing.
With its scenic location, many outdoor parks, a growing job market and diverse industry base, Lakewood will continue to attract young professionals as it maintains its growth.
