Why Live in Lakewood
Outdoor enthusiasts flock to Lakewood's 7,200 acres of parks and open spaces, including Bear Creek Lake Park for camping, fishing, and water activities. William F. Hayden Park on Green Mountain provides challenging terrain and panoramic mountain views, while Belmar Park connects to Addenbrooke Park through an extensive trail network. The 40 West Arts District features galleries and public art installations, complemented by the 300-seat Lakewood Cultural Center theater. Dining options range from the iconic Casa Bonita to upscale establishments like 240 Union, known for its seasonal menu since 1989, and Simms Steakhouse with its stunning Denver views.
The housing market in Lakewood encompasses diverse options across distinct neighborhoods. Single family homes in Green Mountain have a median price of $733,500, while Belmar Park's median is $650,000. Townhouse seekers will find options in Bear Creek with a median price of $349,000 and Applewood Valley at $412,500. Union Square features condos with median prices of $259,300 for one bedroom units and $321,700 for two bedrooms.
Property taxes in Lakewood maintain a 0.47% effective rate, matching neighboring Golden and Arvada. The combined sales tax rate is 7.86%, including a 2.90% state rate and 4.96% local rate. Educational options include highly rated public schools like D'Evelyn Junior/Senior High School in Friendly Hills and private institutions such as Colorado Academy. The RTD system serves Lakewood with multiple bus routes and the W Line light rail connecting to downtown Denver, which lies just 7 miles east. The city experiences 300 annual days of sunshine with summer highs in the mid 80s°F and winter lows in the 20s°F.
Home Trends in Lakewood, CO
On average, homes in Lakewood, CO sell after 38 days on the market compared to the national average of 50 days. The median sale price for homes in Lakewood, CO over the last 12 months is $574,560, consistent with the median home sale price over the previous 12 months.
Median Sale Price
$574,560
Median Single Family Sale Price
$665,000
Median Townhouse Sale Price
$409,500
Median 2 Bedroom Sale Price
$329,250
Median 1 Bedroom Sale Price
$246,700
Average Price Per Sq Ft
$334
Number of Homes for Sale
492
Last 12 months Home Sales
1,968
Median List Price
$585,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
0%