Lacey, WA housing market
The typical Lacey home is worth about $510,000, about the same as a year ago, 14% below the Washington typical home. Homes typically sell in 12 days, close to asking.
Home values, sales, trends and how Lacey compares with the towns next door — updated as new data is published.
Lacey at a glance
A seller's market
Supply is tight — about 2.3 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Lacey | Washington |
|---|---|---|
| 2017 | $265,000 | $326,000 |
| 2018 | $288,000 | $362,000 |
| 2019 | $313,000 | $390,000 |
| 2020 | $340,000 | $413,000 |
| 2021 | $401,000 | $471,000 |
| 2022 | $475,000 | $554,000 |
| 2023 | $486,000 | $572,000 |
| 2024 | $497,000 | $582,000 |
| 2025 | $515,000 | $605,000 |
| 2026 | $516,000 | $601,000 |
| August 2026 | $510,000 | $592,000 |
630 new homes permitted in 2025
Builders were permitted 630 new homes in Lacey in 2025: 26 single-family houses and 604 in buildings with two or more homes, worth about $94.8 million to build. That's 11 per 1,000 residents, faster than across Washington (4.6). Over the past 10 years, Lacey has permitted 5,301 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Lacey gained 11,133 residents while 4,189 new homes were permitted: about 2.7 new residents per new home. Building and growth moved roughly in step. Across Washington: 2.7 new residents per new home.
How Lacey ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 422 | 71 | 351 | $80.5 million |
| 2025 | 630 | 26 | 604 | $94.8 million |
| 2024 | 178 | 37 | 141 | $36.5 million |
| 2023 | 371 | 111 | 260 | $81.5 million |
| 2022 | 319 | 44 | 275 | $42.6 million |
| 2021 | 917 | 107 | 810 | $111.7 million |
| 2020 | 315 | 135 | 180 | $66.8 million |
| 2019 | 685 | 243 | 442 | $119 million |
| 2018 | 844 | 201 | 643 | $127.9 million |
| 2017 | 163 | 163 | 0 | $47.1 million |
| 2016 | 879 | 335 | 544 | $151.1 million |
| 2015 | 308 | 308 | 0 | $78.4 million |
| 2014 | 314 | 314 | 0 | $77.9 million |
| 2013 | 216 | 213 | 3 | $49.9 million |
| 2012 | 294 | 283 | 11 | $67.8 million |
| 2011 | 219 | 219 | 0 | $42 million |
| 2010 | 267 | 267 | 0 | $41.2 million |
| 2009 | 304 | 298 | 6 | $48.4 million |
| 2008 | 358 | 338 | 20 | $58 million |
| 2007 | 1,033 | 808 | 225 | $159.5 million |
| 2006 | 1,406 | 1,086 | 320 | $207.2 million |
| 2005 | 836 | 836 | 0 | $140.5 million |
| 2004 | 289 | 249 | 40 | $43.8 million |
| 2003 | 214 | 200 | 14 | $31 million |
| 2002 | 159 | 110 | 49 | $16 million |
| 2001 | 163 | 159 | 4 | $17.6 million |
| 2000 | 135 | 124 | 11 | $13.9 million |
How Lacey ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Lacey and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Lacey | $510K | +0.2% | $2,170 | 630 | $90,625 |
| Olympia | $530K | −0.2% | $1,900 | 129 | $81,302 |
| Tanglewilde | — | +1.9%† | $2,120 | — | $100,714 |
† FHFA price index change, where Zillow has no home value for the town.
5.6 years of income
The typical Lacey home costs about 5.6 years of the town's median household income, less than across Washington (6 years).
How Lacey ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $2,170
HUD's Fair Market Rent for a two-bedroom in Lacey is $2,170 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Lacey pay a median of $1,870, so moving in tends to cost more than staying put. A two-bedroom takes about 29% of the town's median household income.
Studio $1,700 · 4 bedrooms $3,640
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (98503, 98513, 98516; Olympia-Lacey-Tumwater, WA MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Lacey
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.