Lake Goodwin, WA
Population 5,682 · Washington
About Lake Goodwin, WA
Lake Goodwin is a small town located in Washington with a population of 5,682 residents according to the latest US Census Bureau American Community Survey data. The median household income is $104,028 per year, which is 38% above the national median of $75,149. The median age of 52.4 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 Goodwin features a median home value of $670,200, which is 174% above the national median of $244,900. This places Lake Goodwin in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,439, 24% above the national average of $1,163/month. Of the 2,389 total housing units, 94% are owner-occupied (2,104 units) and 6% are renter-occupied (136 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Goodwin shows an unemployment rate of 3.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Goodwin have an average one-way commute time of 38.6 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
27.9% of Lake Goodwin residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 3.4% White, 2.1% Hispanic or Latino, 0.0% Black or African American, and 0.3% Asian residents, with 4.2% of the population being foreign-born.
Cost of Living in Lake Goodwin, WA
Compared to national averages, Lake Goodwin has a median household income of $104,028 (38% above the national median of $75,149). Home values average $670,200, which is 174% above the national median. Monthly rent at $1,439 is 24% above the US average of $1,163. Within Washington, Lake Goodwin's income is 15% above the state average of $90,795, and home values are 46% above the state median of $460,491.
Why Live in Lake Goodwin, WA?
Lake Goodwin offers a strong local economy with a median household income of $104,028, well above the national average, and a strong job market with an unemployment rate of just 3.3%, and a low poverty rate of 4.6%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $670,200. However, Lake Goodwin’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Goodwin has a population of 5,682 with a median age of 52.4 years. Compare Lake Goodwin with other cities to see how it stacks up, or explore all cities in Washington.
Similar Cities Near Lake Goodwin
Cities in Washington with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Black Diamond | 5,678 | $144,728 | $776,400 | Compare |
| West Clarkston-Highland | 5,678 | $52,406 | $253,200 | Compare |
| Tracyton | 5,658 | $87,064 | $435,400 | Compare |
| Finley | 5,734 | $87,824 | $296,900 | Compare |
| Maplewood | 5,766 | $129,659 | $657,400 | Compare |
| Sultan | 5,770 | $85,278 | $455,500 | Compare |
| Suncrest | 5,590 | $101,964 | $469,600 | Compare |
| East Port Orchard | 5,581 | $72,639 | $394,100 | 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 Goodwin With Other Cities
Frequently Asked Questions about Lake Goodwin
What is the population of Lake Goodwin, WA?
The population of Lake Goodwin, WA is 5,682 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Washington.
What is the median household income in Lake Goodwin?
The median household income in Lake Goodwin, WA is $104,028 per year, which is 38% above the national median of $75,149.
What is the median home value in Lake Goodwin?
The median home value in Lake Goodwin, WA is $670,200, which is 174% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Goodwin?
The median monthly rent in Lake Goodwin, WA is $1,439, which is 24% above the national average of $1,163/month.
What is the unemployment rate in Lake Goodwin?
The unemployment rate in Lake Goodwin, WA is 3.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lake Goodwin, WA a good place to live?
Lake Goodwin offers above-average incomes, a competitive housing market, and a strong job market. With a population of 5,682 and a median age of 52.4, the city appeals to established professionals and retirees.
How educated is Lake Goodwin, WA?
27.9% of residents in Lake Goodwin aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Lake Goodwin?
Key cost-of-living indicators for Lake Goodwin, WA: median home value is $670,200 (174% above national), median rent is $1,439/month, and median household income is $104,028. The home-value-to-income ratio is 6.4x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Lake Goodwin?
The poverty rate in Lake Goodwin, WA is 4.6%, 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 Goodwin, WA?
Lake Goodwin's population is 3.4% White, 2.1% Hispanic or Latino, 0.0% Black or African American, 0.3% Asian, and 0.8% two or more races. 4.2% of residents are foreign-born.