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Lake Forest Park

Learn about the people, housing, costs and businesses in Lake Forest Park, Washington

Median Home$916,768
Median Rent$2,489/month
Population13,635
Leading IndustriesArts, Food & Hospitality · Professional Services · Healthcare13% arts, food & hospitality
Home Value Growth+6.4% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners76% of occupied units
NotableHigh Incomes$155k/year · top 3% nationally
NotableHighly Educated34% bachelor's · 15% graduate · top 4% nationally
Lake Forest Park
WA

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Lake Forest Park?

As of today, the 30-year fixed mortgage rate for Lake Forest Park is approximately 6.816% (6.849% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lake Forest Park?

The median home value in Lake Forest Park is $917k. The median monthly rent is $2,489. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Forest Park?

Home values in Lake Forest Park have increased 6.4% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lake Forest Park?

Based on a typical all-in ownership cost of $2,656/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $114k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Forest Park is $155k/year.

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What industries drive the economy in Lake Forest Park?

The largest employment sectors in Lake Forest Park are public administration (25%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.