Loon Lake, WA
Population 927 · Washington
About Loon Lake, WA
Loon Lake is a small community located in Washington with a population of 927 residents according to the latest US Census Bureau American Community Survey data. The median household income is $71,285 per year, which is 5% below the national median of $75,149. The median age of 57.3 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 Loon Lake features a median home value of $313,200, which is 28% above the national median of $244,900. This positions Loon Lake in a moderately priced market relative to the rest of the country. Median monthly rent is $939, 19% below the national average of $1,163/month. Of the 614 total housing units, 90% are owner-occupied (347 units) and 10% are renter-occupied (38 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Loon Lake shows an unemployment rate of 2.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Loon Lake have an average one-way commute time of 30 minutes.
Education & Demographics
28.2% of Loon Lake 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 0.0% White, 9.0% Hispanic or Latino, 0.0% Black or African American, and 0.4% Asian residents, with 1.8% of the population being foreign-born.
Cost of Living in Loon Lake, WA
Compared to national averages, Loon Lake has a median household income of $71,285 (5% below the national median of $75,149). Home values average $313,200, which is 28% above the national median. Monthly rent at $939 is 19% below the US average of $1,163. Within Washington, Loon Lake's income is 21% below the state average of $90,795, and home values are 32% below the state median of $460,491.
Why Live in Loon Lake, WA?
Loon Lake offers rent that’s lower than the national average at $939/month, and a strong job market with an unemployment rate of just 2.0%, and a low poverty rate of 5.7%, better than the national average.
Potential considerations include median household income ($71,285) that falls below the national average. However, Loon Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Loon Lake has a population of 927 with a median age of 57.3 years. Compare Loon Lake with other cities to see how it stacks up, or explore all cities in Washington.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Loon Lake
What is the population of Loon Lake, WA?
The population of Loon Lake, WA is 927 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Washington.
What is the median household income in Loon Lake?
The median household income in Loon Lake, WA is $71,285 per year, which is 5% below the national median of $75,149.
What is the median home value in Loon Lake?
The median home value in Loon Lake, WA is $313,200, which is 28% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Loon Lake?
The median monthly rent in Loon Lake, WA is $939, which is 19% below the national average of $1,163/month.
What is the unemployment rate in Loon Lake?
The unemployment rate in Loon Lake, WA is 2.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Loon Lake, WA a good place to live?
Loon Lake offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 927 and a median age of 57.3, the city appeals to established professionals and retirees.
How educated is Loon Lake, WA?
28.2% of residents in Loon Lake 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 Loon Lake?
Key cost-of-living indicators for Loon Lake, WA: median home value is $313,200 (28% above national), median rent is $939/month, and median household income is $71,285. The home-value-to-income ratio is 4.4x, a moderate figure by national standards.
What is the poverty rate in Loon Lake?
The poverty rate in Loon Lake, WA is 5.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Loon Lake, WA?
Loon Lake's population is 0.0% White, 9.0% Hispanic or Latino, 0.0% Black or African American, 0.4% Asian, and 0.0% two or more races. 1.8% of residents are foreign-born.