Lakewood, CO
Jefferson County · Pop. 160,477
Ranked #185 of 243 cities
30Crisis
Median Home Price
🏠$500K
2.0% YoY
Median Rent
🔑$1,700
1.5% YoY
Median Income
💰$70K
Rent Burden
📊31.5%
% of income to rent
Income to Buy
🏦$144K
annual income needed
Income to Rent
📝$68K
annual income needed
Price-to-Income
⚖️7.1x
Homeownership
🏡52.0%
Rent vs. Buy
Buy
$2,661/mo
Est. mortgage (7%, 20% down)
Need $144K/yr income
Rent
$1,700/mo
Median rent
Need $68K/yr income
How Lakewood Compares
| Metric | Lakewood | Colorado | National |
|---|---|---|---|
| Home Price | $500K | $550K | $410K |
| Rent | $1,700 | $1,771 | $1,500 |
| Income | $70K | $93K | $75K |
| Rent Burden | 31.5% | 33.8% | 30.0% |
Key Takeaways
- • Home prices in Lakewood are 22% higher than the national average.
- • Rent is 13% higher than the national average.
- • You need an income of $144K to comfortably buy a home here.
- • The homeownership rate is 52.0%, compared to 65.0% nationally.