Lake Forest Park, WA
Population 13,356 · Washington
About Lake Forest Park, WA
Lake Forest Park is a mid-sized city located in Washington with a population of 13,356 residents according to the latest US Census Bureau American Community Survey data. The median household income is $158,868 per year, which is 111% above the national median of $75,149. The median age of 42.8 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Lake Forest Park features a median home value of $928,700, which is 279% above the national median of $244,900. This places Lake Forest Park in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,205, 90% above the national average of $1,163/month. Of the 5,467 total housing units, 81% are owner-occupied (4,275 units) and 19% are renter-occupied (1,015 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Forest Park shows an unemployment rate of 3.9%, which is near the national rate of 3.7%. The poverty rate stands at 3.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Forest Park have an average one-way commute time of 28.2 minutes.
Education & Demographics
66.0% of Lake Forest Park residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 2.9% White, 1.5% Hispanic or Latino, 0.1% Black or African American, and 1.9% Asian residents, with 12.2% of the population being foreign-born.
How Lake Forest Park Ranks in Washington
Cost of Living in Lake Forest Park, WA
Compared to national averages, Lake Forest Park has a median household income of $158,868 (111% above the national median of $75,149). Home values average $928,700, which is 279% above the national median. Monthly rent at $2,205 is 90% above the US average of $1,163. Within Washington, Lake Forest Park's income is 75% above the state average of $90,795, and home values are 102% above the state median of $460,491.
Why Live in Lake Forest Park, WA?
Lake Forest Park offers a strong local economy with a median household income of $158,868, well above the national average, and a well-educated community where 66.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.6%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $928,700. However, Lake Forest Park’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Forest Park has a population of 13,356 with a median age of 42.8 years. Compare Lake Forest Park with other cities to see how it stacks up, or explore all cities in Washington.
Similar Cities Near Lake Forest Park
Cities in Washington with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Woodinville | 13,440 | $158,723 | $1,032,900 | Compare |
| Snoqualmie | 13,750 | $197,531 | $919,300 | Compare |
| Newcastle | 12,945 | $162,646 | $1,128,200 | Compare |
| Lakeland South | 12,869 | $105,273 | $530,900 | Compare |
| Elk Plain | 13,863 | $101,250 | $440,300 | Compare |
| Cheney | 12,830 | $47,039 | $330,300 | Compare |
| Fort Lewis | 13,983 | $54,902 | $0 | Compare |
| Kelso | 12,697 | $59,462 | $302,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Washington
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lake Forest Park With Other Cities
Frequently Asked Questions about Lake Forest Park
What is the population of Lake Forest Park, WA?
The population of Lake Forest Park, WA is 13,356 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Washington.
What is the median household income in Lake Forest Park?
The median household income in Lake Forest Park, WA is $158,868 per year, which is 111% above the national median of $75,149.
What is the median home value in Lake Forest Park?
The median home value in Lake Forest Park, WA is $928,700, which is 279% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Forest Park?
The median monthly rent in Lake Forest Park, WA is $2,205, which is 90% above the national average of $1,163/month.
What is the unemployment rate in Lake Forest Park?
The unemployment rate in Lake Forest Park, WA is 3.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lake Forest Park, WA a good place to live?
Lake Forest Park offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 13,356 and a median age of 42.8, the city appeals to a broad range of residents.
How educated is Lake Forest Park, WA?
66.0% of residents in Lake Forest Park aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Lake Forest Park?
Key cost-of-living indicators for Lake Forest Park, WA: median home value is $928,700 (279% above national), median rent is $2,205/month, and median household income is $158,868. The home-value-to-income ratio is 5.8x, a moderate figure by national standards.
What is the poverty rate in Lake Forest Park?
The poverty rate in Lake Forest Park, WA is 3.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lake Forest Park, WA?
Lake Forest Park's population is 2.9% White, 1.5% Hispanic or Latino, 0.1% Black or African American, 1.9% Asian, and 4.2% two or more races. 12.2% of residents are foreign-born.