Search Property Records in 98497, Lakewood WA

The 98497 ZIP code in Lakewood, WA, is a predominantly residential market with an estimated 3,000 to 3,500 taxable and residential property parcels, although the exact count varies as parcels are subdivided, redeveloped, or consolidated. Recent market indicators place the median home sale price at approximately $500,000 to $530,000, with typical closed sales averaging roughly $300 to $325 per square foot; values vary considerably by age, condition, lot size, proximity to Joint Base Lewis-McChord, and access to Interstate 5 and major Lakewood corridors. Single-family houses make up the largest segment of the local inventory, representing about 75% to 80% of properties, while condominiums and co-ops account for approximately 5% to 8%, and commercial, office, retail, industrial, and mixed-use parcels represent roughly 8% to 12%; the remaining share consists largely of multifamily, vacant, public, and other specialized parcels. Over the past 10 years, the ZIP code has likely recorded an average of about 180 to 230 residential sales annually, with activity rising during the low-interest-rate period of 2020 through 2022 and becoming more selective as borrowing costs increased afterward. Overall, 98497 tends to appeal to buyers seeking more attainable pricing than central Seattle and some nearby higher-cost Puget Sound submarkets, while still offering a mix of established single-family neighborhoods, rental housing, commercial services, and convenient regional commuting access.

Cities and Communities in 98497

The 98497 area takes in a wide mix of cities and communities, including Lakewood, University Place, Tacoma, Puyallup, Fife and Gig Harbor. Smaller places such as Parkland, Spanaway, Frederickson, Midland and Anderson Island also appear among the 45 cities and communities tied to this ZIP code.

ZIP Codes Near 98497

The ZIP codes near 98497 represent nearby areas across the South Sound region, including 98498, 98467, 98447 and 98402. Searching these neighboring codes gives access to property records and related information for the surrounding communities.

ZIP Codes in Pierce County, WA

The Pierce County section lists the ZIP codes located within the county, such as 98395, 98447, 98303 and 98498. It provides access to property records and related information for those areas, so visitors can compare neighborhoods across the county.