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City · 156,583 residents · Jefferson County, Colorado

Lakewood , Colorado

In Lakewood, a typical home is worth $574,400 and typical rent is $1,806 a month. Compared with all of Jefferson County, typical household income is 19% lower, the typical home value is 10% lower, and the share of households that own their home is 13 points lower.

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  • Typical home value

    $574,400

    10% below the county

    6% above Colorado

    • Lakewood
    • Jefferson
    • Colorado

  • Typical rent

    $1,806a month

    3% below the county

    3% above Colorado

    • Lakewood
    • Jefferson
    • Colorado

  • Typical household income

    $89,792a year

    19% below the county

    6% below Colorado

    • Lakewood
    • Jefferson
    • Colorado

  • Households that own their home

    58%

    13 points below the county

    8 points below Colorado

    • Lakewood
    • Jefferson
    • Colorado

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$550,008
2.1% less than 12 months ago
Typical rent
$1,800 a month
0.5% less than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Lakewood is in Jefferson County. The FHA loan limit ($862,500 for a one-unit home), the fair market rents and the help on this page are those of all of Jefferson County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Lakewood apart

What this place has that others do not, from public data, most unusual first.

  1. 58% of households in Lakewood own their home, against 71% in Jefferson County.

  2. The typical household income in Lakewood is $89,792, 19% less than in Jefferson County as a whole ($110,656).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Lakewood

What homes there are in Lakewood, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

No kind of home is the majority in Lakewood; the largest group, detached houses, adds up to 46%, less than in Jefferson County (64%).

Year built

The typical year built in Lakewood is 1977, about the same as in Jefferson County (1980).

Homes in Lakewood are smaller: 51% have 3 bedrooms or more; in Jefferson County, 64%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

By price, most homes in Lakewood sit under the FHA limit for Jefferson County ($862,500): about 86%.

Monthly rent with utilities

By rent, most homes in Lakewood cost less than HUD's 2-bedroom fair market rent ($2,169): about 72%.

With a mortgage

$2,330 a month

Jefferson County: $2,498 a month

Without a mortgage

$661 a month

Jefferson County: $737 a month

Owners with a mortgage

69%

Jefferson County: 71%

The typical cost for an owner with a mortgage in Lakewood is $2,330 a month, less than in Jefferson County ($2,498); without one, $661.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, home values in Lakewood rose at about the same pace as in Jefferson County: 58% against 60%.

Rents in Lakewood rose at about the same pace as in Jefferson County: 33% since 2015–2019, against 35%.

The typical household income in Lakewood rose 35% over that time; home values changed +58% and rent +33%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureLakewoodJefferson CountyColoradoUnited States
Rental vacancy 5.0%4.9%5.1%5.5%
Homeowner vacancy 0.6%0.6%0.8%0.9%
More than one person per room 2.7%1.4%2.4%3.4%
People per household 2.202.362.422.53
Drive alone 65%64%65%69%
Carpool 6%6%8%9%
Public transit 2%1%2%3%
Walk or bike 2%2%3%3%
Work from home 23%25%21%15%
Other means 1%1%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

Open rentals in Lakewood look like those in Jefferson County: the rental vacancy rate is 5.0%.

More households are short on space in Lakewood: 2.7% have more than one person per room; in Jefferson County, 1.4%.

Households in Lakewood are smaller: 2.20 people on average; in Jefferson County, 2.36.

In Lakewood, 65% of workers drive alone to work; in Jefferson County, 64%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Lakewood?

A typical home costs more than the typical income allows

We start with a typical home in Lakewood, worth $574,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 61% of the typical household income in Lakewood, which is $89,792 a year. For that payment to be 28% of income, a household would need to earn about $194,531 a year.

The calculator's FHA and conventional loan limits are those of all of Jefferson County.

Your numbers

Local data
$

Starts at the typical home value in Lakewood. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $20,104 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$4,539

at 7.18% · 30 years

Loan amount
$563,996
Total interest
$811,458
Paid off in
November 2056

Includes $9,700 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,095 a month

  • Tight

    $2,095 to $2,694 a month

  • Hard

    more than $2,694 a month

    Your payment · 61%

Compared with the typical household income in Lakewood ($89,792 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$4,539
Principal & interest$3,821
Property tax$225
Home insurance$239
FHA mortgage insurance (MIP)$254

You need at least $20,104 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Lakewood and Jefferson County

Lakewood is in Jefferson County, Colorado. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Lakewood's own numbers

Typical home value
$574,400
Typical monthly rent
$1,806
Typical yearly household income
$89,792
Households that own their home
58%
Effective property tax rate
0.47%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Jefferson County

FHA limit, one-unit home
$862,500
Conventional limit, one unit
$862,500
HUD fair market rent, 2 bedrooms
$2,169
Price change over 5 years (FHFA)
+41%
Homes in a high flood-risk zone
0.9%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Jefferson County.

Everything about Jefferson County

Buying

Buying a home in Lakewood

A typical home in Lakewood is worth $574,400: 10% below the county and 6% above Colorado. With the typical household income in Lakewood ($89,792 a year), a typical home costs 6.4 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Lakewood 6.4 years
  • Jefferson 5.8 years
  • Colorado 5.6 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Jefferson County

According to FHFA’s house price index, home prices in Jefferson County rose 99% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Jefferson County.

Period County Colorado U.S.
Last year (2025) +0.5% +0.1% +2.9%
5 years (2020–2025) +41% +38% +47%
10 years (2015–2025) +99% +93% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Lakewood next to Jefferson County, Colorado and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Lakewood $574,400
  • Jefferson $637,600
  • Colorado $539,400
  • United States $332,700
Typical monthly rent
  • Lakewood $1,806
  • Jefferson $1,861
  • Colorado $1,761
  • United States $1,413
Typical yearly household income
  • Lakewood $89,792
  • Jefferson $110,656
  • Colorado $95,470
  • United States $80,734
See the full table
Lakewood next to Jefferson County and Colorado
Measure Lakewood Jefferson County Colorado U.S.
Typical home value $574,400 $637,600 $539,400 $332,700
Typical monthly rent $1,806 $1,861 $1,761 $1,413
Typical yearly household income $89,792 $110,656 $95,470 $80,734
Households that own their home 58% 71% 66% 65%
Typical yearly property tax $2,724 $3,082 $2,602 $3,119
Effective property tax rate 0.47% 0.48% 0.48% 0.94%
Renters with high rent for their income 55% 53% 53% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Jefferson County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Lakewood

For a typical $574,400 home in Lakewood, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Lakewood's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $4,539a month

    Least cash to close
    Down payment
    $20,104
    Cash to close
    $37,336
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $254

  • Conventional, 5% down $4,434a month

    Down payment
    $28,720
    Cash to close
    $45,952
    Rate
    7.18%
    Mortgage insurance
    PMI · $273

  • Conventional, 20% down, no PMI $3,577a month

    Down payment
    $114,880
    Cash to close
    $132,112
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $4,108a month

    Down payment
    $86,160
    Cash to close
    $103,392
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Lakewood and for Jefferson County.

Property tax

Effective rate in Lakewood

0.47%of the home’s value each year

$2,724 a year for the typical owner in Lakewood.

  • Lakewood 0.47%
  • Jefferson 0.48%
  • Colorado 0.48%

What Colorado publishes Senior homestead exemption (owners 65 and older) (Colorado General Assembly (Colorado Revised Statutes 2024, Title 39))

Exemptions and deadlines in Colorado

Flood risk in Jefferson County

FEMA does not publish these numbers by city: they are for all of Jefferson County.

Homes in the high-risk zone
0.9%
1,778
Of those, with NFIP insurance
41%
County Colorado U.S.
Homes in the high-risk zone 0.9% 1.1% 3.5%
Of those, with NFIP insurance 41% 24% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Lakewood

Typical rent in Lakewood is $1,806 a month: 3% below the county. In Lakewood, 55% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Jefferson County, by unit size. To pay the 2-bedroom one ($2,169 a month) without spending more than 30% of your income, you would need to earn $41.71 an hour working full time.

HUD fair market rent for all of Jefferson County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,751 $33.67 $70,040
1 bedroom $1,831 $35.21 $73,240
2 bedrooms $2,169 $41.71 $86,760
3 bedrooms $2,846 $54.73 $113,840
4 bedrooms $3,183 $61.21 $127,320

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Lakewood

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Lakewood has 6 ZIP codes with their own.

For 2 bedrooms it runs from $1,900 in 80214 to $2,300 in 80228.

1 of the 6 is above the fair market rent for Jefferson County ($2,169).

  • 80214 $1,900$2,490
  • 80215 $2,020$2,650
  • 80226 $1,930$2,530
  • 80227 $2,120$2,780
  • 80228 $2,300$3,020
  • 80232 $2,000$2,620

5 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Lakewood when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Lakewood

HUD lists 29 buildings with rents for lower incomes in Lakewood. These are the largest.

  • Panorama West Apts 184 S Zang Way, Lakewood 80228 204 homes, 202 low-income · Studio: 30 · 1 bd: 36 · 2 bd: 94 · 3 bd: 44 · In service since 2006 · For families
  • The Residences at Eaton Senior Communities 333 S Eaton St, Lakewood 80226 162 low-income homes · For older adults (303) 937-3000
  • Fifty Eight Hundred 5800 W Alameda Ave, Lakewood 80226 152 homes, 151 low-income · Studio: 8 · 1 bd: 46 · 2 bd: 77 · 3 bd: 21 · In service since 2018 · For families
  • Maplewood Apts 856 S Van Gordon Ct, Lakewood 80228 132 low-income homes · 1 bd: 30 · 2 bd: 84 · 3 bd: 18 · In service since 2009 · For families
  • Belmar Groves 259 S Teller St, Lakewood 80226 118 homes, 117 low-income · 1 bd: 36 · 2 bd: 70 · 3 bd: 12 · In service since 2006 · For families

See all 61 buildings in Jefferson County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Lakewood

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Jefferson County; 1 says it serves in Spanish.

A man leans over the armchair to help a teenage girl with her book.

HUD counseling is free or low-cost

Assistance programs in Lakewood

No down payment, repair or rent-help program on our list is for Lakewood or Jefferson County. The ones below are statewide in Colorado: they work in Lakewood the same as in the rest of the state.

Which programs do I qualify for? All programs in Colorado

  • CHFA Down Payment Assistance

    Statewide in Colorado

    Colorado state agency help with the down payment or closing costs: a grant of up to 3% of the mortgage or a deferred second mortgage of up to 4%, both capped at $25,000. Offered by Colorado Housing and Finance Authority (CHFA).

    GrantDeferred

    See the program Official page

  • CHFA FirstGeneration

    Statewide in Colorado

    Open, per the source

    $25,000 from the Colorado state agency for the down payment of first-generation buyers (neither you nor your parents have owned a home); repaid when you sell, refinance or pay off the mortgage. Offered by Colorado Housing and Finance Authority (CHFA).

    Deferred

    See the program Official page

Housing counselors near Lakewood

The HUD-approved agencies closest to the center of Lakewood, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Southwest Improvement Council

    5045 W 1st Ave, Denver · 4 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (303) 934-0923

  • Brothers Redevelopment, Inc.

    2250 Eaton St Ste B, Edgewater · 5 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (303) 202-6340

  • Denver Housing Authority

    3550 W 13th Ave, Denver · 5 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (720) 956-3806

Every agency in Jefferson County All counseling agencies in Colorado

Help in Spanish near Lakewood

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Lakewood

HUD’s record names them for Lakewood or Jefferson County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Lakewood Housing Authority Section 8 vouchers (303) 987-7580
  • Jefferson County Housing Authority Public housing and Section 8 vouchers (303) 422-8600

One other authority has an office in Jefferson County: see the list Source: HUD

Cities

Other cities in Jefferson County

These cities are also in Jefferson County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Jefferson County Housing in Colorado

Nearby cities

The cities closest to Lakewood, with the typical home value.

Neighboring counties

If Jefferson County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Lakewood.

All guides
A father holds his baby and his young son by a white picket fence.

Questions

Housing questions about Lakewood

Short answers with the numbers for Lakewood and all of Jefferson County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Lakewood?

The typical home value in Lakewood is $574,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Jefferson County it is $637,600.

How much does it cost to rent in Lakewood?

Typical rent in Lakewood is $1,806 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Jefferson County is $2,169.

What is the FHA loan limit in Lakewood?

Lakewood uses the FHA limit for all of Jefferson County (2026): $862,500 for a one-unit home and $1,658,700 for a four-unit home.

How much property tax do owners pay in Lakewood?

The typical homeowner in Lakewood pays $2,724 a year, according to the U.S. Census Bureau. That is 0.47% of the home’s value; in Jefferson County, the rate is 0.48%.

Where can I find free help to buy or rent in Lakewood?

There is 1 HUD-approved counseling agency with an office in Jefferson County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).