How much do homeowners pay a month in Lake Forest Park, WA?

Homeowners with a mortgage in Lake Forest Park, WA pay a median of $3,697 (±$219) a month in selected owner costs (2020–2024 American Community Survey).

Owners without a mortgage pay $1,181 (±$59).

71.4% of owned homes carry a mortgage.

In Lake Forest Park, the median monthly cost with a mortgage went from $2,698 in 2015–2019 to $3,697 in 2020–2024 (+37.0%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on .

With a mortgage
$3,697 (±$219)
Without a mortgage
$1,181 (±$59)
Owned with a mortgage
71.4%

Monthly owner costs in Lake Forest Park

Median selected monthly owner costs, estimate (90% margin of error)
Lake Forest ParkKing CountyWashingtonUnited States
With a mortgage$3,697 (±$219)$3,273 (±$20)$2,445 (±$8)$1,963
Without a mortgage$1,181 (±$59)$1,116 (±$10)$773 (±$4)$638
Owned homes with a mortgage71.4% (±4.1 points)69.5% (±0.5 points)66.1% (±0.3 points)60.6%
Median real estate taxes (a year)$8,290 (±$260)$7,114 (±$40)$4,556 (±$16)$3,119

Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.

In Lake Forest Park, the median cost with a mortgage is higher than in King County ($3,273).

It is also higher than in Washington ($2,445).

It is higher than the national figure ($1,963).

In King County, Lake Forest Park ranks 18 of 59 places with a published estimate, from highest to lowest median monthly cost with a mortgage.

Statewide, it ranks 21 of 463.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How owner costs in Lake Forest Park have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median owner cost with a mortgage$2,698 (±$98)$3,697 (±$219)+37.0%Up after inflation
Median real estate taxes$5,962 (±$141)$8,290 (±$260)+39.0%Up after inflation
Median home value$623,500 (±$18,302)$953,200 (±$29,085)+52.9%Up after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median monthly cost with a mortgage in places near Lake Forest Park

Nearest places with a published estimate, compared with Lake Forest Park
PlaceDistanceMedian monthly cost with a mortgageCompared with this place
Lake Forest Park—$3,697 (±$219)—
Kenmore2.2 mi$3,383 (±$183)Lower
Brier2.5 mi$2,830 (±$169)Lower
Mountlake Terrace2.5 mi$2,580 (±$118)Lower
Shoreline2.5 mi$3,198 (±$94)Lower
Esperance3.6 mi$2,483 (±$229)Lower
Alderwood Manor4.0 mi$2,656 (±$208)Lower
Bothell West4.0 mi$3,202 (±$184)Lower
Bothell4.2 mi$3,363 (±$147)Lower

Nearby places with a measurably lower figure: Kenmore, WA ($3,383), Brier, WA ($2,830), Mountlake Terrace, WA ($2,580).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median monthly cost with a mortgage across King County, place by place

RankPlaceMedian monthly cost with a mortgage
1 (tie)Yarrow Point$4,000 or more
13Woodinville$3,872 (±$263)
14Redmond$3,798 (±$153)
15Normandy Park$3,762 (±$247)
16Cottage Lake$3,744 (±$232)
17Fall City$3,706 (±$308)
18Lake Forest Park$3,697 (±$219)
19Mirrormont$3,690 (±$267)
20Shadow Lake$3,683 (±$326)
21Hobart$3,681 (±$217)
22Issaquah$3,634 (±$218)
23Kirkland$3,632 (±$125)
24Snoqualmie$3,626 (±$161)

Showing 13 of 59 places in King County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Lake Forest Park

What is the average mortgage payment in Lake Forest Park?

The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Lake Forest Park, WA is $3,697 (±$219) a month, including taxes, insurance and utilities.

How much does it cost to own a paid-off home in Lake Forest Park?

Owners without a mortgage in Lake Forest Park pay a median of $1,181 (±$59) a month in taxes, insurance, utilities and fees.

Has the cost of owning a home in Lake Forest Park gone up?

In Lake Forest Park, the median monthly cost with a mortgage went from $2,698 in 2015–2019 to $3,697 in 2020–2024 (+37.0%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Lake Forest Park city, Washington (place:37270, in state:53).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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