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About Lakewood, Washington 98498

Lakewood, with Zip Code 98498, is a city located in Pierce County, Washington. It is part of the Seattle metropolitan region located in Puget Sound and covers an area of 18.95 square miles. Zip code 98498 combines urban and suburban living with easy access to outdoor activities, a robust local economy, and a varied population. Native People from the Puyallup and Nisqually tribes first settled in the area. In the early 1850s, the first settlers arrived. The town was incorporated in 1996 after a special election in which voters accepted the measure. The zip code 98498 was named “McMillan” after the first family was established in the area. After Tacoma acquired the town in 1953, the name was changed to Lakewood. Since then, the town has snowballed, increasing its population since 2000. Zip code 98498 is now known as the “City of Destiny” because of its rapid expansion and proximity to two major cities, Tacoma and Seattle. The climate in zip code 98498 is pleasant, with warm summers and chilly, damp winters.

Real Estate Market of Lakewood, Washington 98498

In zip code 98498, the real estate market is competitive, with many homes receiving several offers and selling rapidly. The average time a home is on the market is 25 days less than the national average. The median home value is slightly lower than that in Washington. The average house sale price in zip code 98498 has climbed by around 12% in the last year. This growth is attributable to cheap mortgage rates, a robust local economy, and an influx of new residents. Single-family homes are the most common residence in zip code 98498, accounting for most of the housing market. There are, nevertheless, some townhomes and condominiums.

The Population of Lakewood, Washington 98498

According to the 2020 U.S. Census, the population of zip code 98498 is around 60,000 people. The city’s population is diversified, with various races and cultures. Whites are the most numerous ethnic group in zip code 98498, followed by Hispanics or Latinos, African Americans, and Asians. There are also minor Native Americans, Pacific Islanders, and other ethnic groups. Residents include families, young professionals, and retirees.

Employment Level in Lakewood, Washington 98498

Zip code 98498 has a diverse economy with several industries that provide citizens with job opportunities. Joint Base Lewis-McChord, a central military post and one of the area’s leading employers is located in the city. With multiple hospitals and medical institutes nearby, zip code 98498 has a strong healthcare sector. The city’s retail sector is also prominent, with various stores and restaurants in the Lakewood Towne Center and other commercial areas. Zip code 98498 has a slightly higher unemployment rate than the national average. The city provides development initiatives and tools to assist individuals in finding work, like job fairs, training programs, and collaborations with local businesses.

Schools in Lakewood, Washington 98498

Zip code 98498 is served by the Clover Park School District, which consists of nine elementary schools, three middle schools, and three high schools. Clover Park Technical College, which provides different vocational and technical programs, is also part of the district. Faith Lutheran School, St. Mary’s Academy, and Lakeside School of Excellence are among the private schools in zip code 98498. Pierce College, the University of Washington Tacoma, and Pacific Lutheran University are among the higher education possibilities in the area.

Neighborhoods Near Lakewood, Washington 98498

Many neighborhoods surround zip code 98498. Tillicum is a neighborhood in the city’s north-central area, home to parks and recreational facilities such as Tillicum Park and Lakewold Gardens. Lakewood Park, located in the western area of town, is famous for its woodland pathways and access to American Lake. Woodbrook, situated in the northeast, is known for Lake Steilacoom and American Lake. Clover Park is located in the southwest and is home to Clover Park Technical College. Southgate is a neighborhood in the southeastern area of town renowned for its proximity to the Sound Transit light rail and the Tacoma Mall.