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Lynnwood city, WA

ZIP 98037 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 98037

Median Home Value
$683,600
Median Rent
$1,741
Affordability Snapshot
$188,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,391/mo PITI).

20%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

6.6x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

32.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 98037 in Lynnwood city, WA, a household would need roughly $188,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $4,391. That is about 80% above the local median household income ($104,357), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
61.5%-6% vs US avg
x
Vacancy Rate
3.1%-70% vs US avg
x
Broadband Access
94.4%+9% vs US avg
x
4+ Bedrooms
6.3%-58% vs US avg
x
Built Pre-1939
1.4%-89% vs US avg
x
Built Post-2014
2.0%-71% vs US avg
x
Rent Burden >30%
27.7%-44% vs US avg
x
Mortgage-Free
29.6%-22% vs US avg
x
$683,600
Home Value
$1,741
Rent
1984
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached55.7%
  • 1-unit attached4.0%
  • 2-9 units16.4%
  • 10+ units19.7%
  • Mobile home & other4.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$683,600
Median rent$1,741
Owner-occupied61.5%
Vacant3.1%
Price-to-income6.6x
Est. income to buy$188,000