Lakewood, Colorado

$398,500 In Lakewood, Colorado, is the house value median. In the last year there has been a rise in the worth of houses in Lakewood of 10 percent. And it has been predicted that home prices will go up 5.0 percent the coming year.

In Lakewood Colorado, $275 is the per square foot list cost median. Denver metro area has a lower per square foot list cost average which is $261.

In Lakewood, CO $409,900 is the presently listed house cost median. For homes that have sold in Lakewood, $363,000 is the cost median.

The rent cost median is $1,750 in the city of Lakewood. The metro area of Denver has a higher rent cost median of $2,095.

Foreclosure rates effect the value of houses. How? The lower the rate of foreclosures for homes in a particular area, the greater the value of the homes in that area.

Lakewood,e CA has a very low foreclosure rate. It’s for every 10,000 houses, 0.1 houses are foreclosed. The United States has a foreclosure rate which is 16 times higher. It’s 1.6 houses foreclosed on for every 10,000 houses.

For all foreclosures having to do with residential realty, the first step home owners experience is mortgage delinquency. When an owner of a house is mortgage delinquent, it means that that home owner did not make a mortgage payment on their home.

Lakewood has a delinquency mortgage rate of 0.5 percent. The United States has a much higher percentage of delinquent mortgages which is 1.6 percent.

The 2008 recession had a strongly negative impact on the real estate economy. One major result was that the worth of homes plunged greater than 20 percent in the United States. Lots of house owners are presently experiencing being underwater concerning their mortgages because of that recession.

Being underwater concerning a mortgage has the meaning of having a debt of the mortgage which is more than the value of the house.

4.0 percent is the percentage of house owners in Lakewood who are underwater regarding their mortgage. The metro area of Denver has a higher percentage of house owners underwater which is 4.8 percent.

The annual median household income is $56,134 in the city of Lakewood, CO.