HomeWashingtonPierce CountyLakewood city
Lakewood city, Washington: commercial real estate data.
Lakewood city is a Census city of 62,937 people across 17.06 square miles of land, in Pierce County. Median household income is $74,720, 47.5 percent of occupied homes are owned, and the SBA record carries 124 7(a) approvals to borrowers here worth $107.8 m.
77 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Lakewood
What Lakewood is
- Census place typecity
- Land area17.06 sq mi
- Water area1.83 sq mi
- Population per square mile of land3,689
- County holding the largest share of its areaPierce County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lakewood
How many people live in Lakewood
- Population62,937
- Median age37.4
- Population under 1812,366
- Share under 1819.6 percent
- Population 65 and over10,825
- Share 65 and over17.2 percent
- Households26,500
- Family households15,121
- Share of households that are families57.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lakewood
Income and work in Lakewood
- Median household income$74,720
- Per capita income$44,695
- Civilian labor force29,447
- Employed27,768
- Unemployed1,679 plus or minus 413
- Unemployment rate5.7 percent plus or minus 1.4
- Adults 25 and over45,037
- Adults 25 and over with a high school diploma or higher87.7 percent
- Adults 25 and over with a bachelor degree or higher23.2 percent
- Adults 25 and over with a graduate degree9.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lakewood
Housing in Lakewood
- Housing units28,591
- Occupied units26,500
- Vacant units2,091 plus or minus 466
- Vacancy rate7.3 percent plus or minus 1.6
- Owner occupied12,590
- Renter occupied13,910
- Ownership rate47.5 percent
- Median owner-occupied home value$461,200
- Median gross rent, monthly$1,525
- Annual rent as a share of median income24.5 percent
- Single family units14,447
- Share single family50.5 percent
- Units in buildings of two or more12,875
- Share in buildings of two or more45.0 percent
- Mobile homes1,182 plus or minus 266
- Median year structure built1975
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lakewood
How Lakewood gets to work
- Workers 16 and over who commute26,754
- Commuting under 15 minutes5,250
- Share commuting under 15 minutes19.6 percent
- Commuting 30 minutes or more9,794
- Share commuting 30 minutes or more36.6 percent
- Drove alone72.2 percent
- Carpooled13.2 percent
- Public transport3.2 percent plus or minus 1.0
- Walked1.1 percent plus or minus 0.5
- Worked from home8.8 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lakewood
SBA loans in Lakewood (7(a))
- Approvals124
- Gross approval$107,804,200
- Average approval$869,389
- Median approval$400,000
- Ninetieth percentile approval$2,298,300
- Largest approval$5,000,000
- Jobs supported1,008
- Jobs per approval8.1
- Loans with a final outcome30
- Paid in full29
- Charged off1
- Charge-off rate over resolved loans3.3 percent
- Median term120 months
- Share on real estate terms of 20 years or more38.7 percent
- Share to franchises13.7 percent
- Distinct lenders40
- Distinct industries by NAICS64
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Lakewood
SBA loans in Lakewood (504)
- Approvals21
- Gross approval$25,712,000
- Average approval$1,224,381
- Median approval$756,000
- Largest approval$3,800,000
- Jobs supported133
- Loans with a final outcome5
- Charged off0
- Median term300 months
- Distinct CDCs3
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Pierce County, not Lakewood
Pierce County context, not Lakewood figures
These are Pierce County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Lakewood measurements.
- Establishments in Pierce County20,051
- Employment at those establishments, Pierce County294,765
- Covered employment, Pierce County333,492
- Average annual pay, Pierce County$70,395
- Average weekly wage, Pierce County$1,354
- Housing units permitted, Pierce County3,207
- Of those, single family, Pierce County1,731
- County product, 2024, Pierce County$64,941,171,000
- County product change over the prior year, Pierce County5.7 percent
- Average income of an arriving household, Pierce County$76,649
Every figure in this section is published for Pierce County as a whole and is not a measurement of Lakewood. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Lakewood questions, answered from the record.
How many people live in Lakewood, Washington?
62,937, in 26,500 households. Lakewood city covers 17.06 square miles of land, which is 3,689 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Lakewood in?
Pierce County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Lakewood?
$74,720. The median owner-occupied home is valued at $461,200. Median gross rent is $1,525 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Lakewood businesses?
124 7(a) approvals totalling $107.8 m, across 40 lenders, median approval $400,000, plus 21 504 approvals worth $25.7 m. These count approvals to borrowers whose address is in Lakewood, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Lakewood borrowers get paid back?
Of the 30 loans that have reached a final outcome, 29 were paid in full and 1 charged off, a charge off rate of 3.3 percent. Loans still running are excluded because they have not yet succeeded or failed.
Are the county figures on this page Lakewood figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Pierce County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Lakewood.
Is zoning published for Lakewood?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.