Lakewood Homes under $500,000

Welcome to Lakewood, Washington—a vibrant city nestled in the heart of Pierce County, just south of Tacoma and a stone's throw from the stunning shores of American Lake. Known for its rich history, diverse community, and breathtaking natural beauty, Lakewood offers residents an ideal blend of suburban charm and urban convenience. With its lush parks, recreational opportunities, and proximity to stunning outdoor landscapes, Lakewood is a great place to call home.

For those seeking affordable housing options, Lakewood boasts a variety of homes under $500,000, making it an appealing choice for first-time buyers, families, and anyone looking to invest in a growing community. From charming bungalows to spacious townhomes, the real estate market here offers something for everyone. Many of these homes feature modern amenities, cozy backyards, and easy access to local parks and schools, ensuring a comfortable lifestyle for residents.

Lakewood is not just about homes; it’s about community. The city is home to a plethora of shopping, dining, and entertainment options, along with excellent schools and community services. Plus, with its strategic location, you’ll find yourself just a short drive away from the bustling city life of Tacoma and the serene beauty of Mount Rainier National Park.

Whether you’re a young professional, a growing family, or looking to settle down, Lakewood offers an inviting atmosphere and a promising future. Explore our listings today and discover your dream home in this charming city!

Newest Lakewood Homes under $500,000

$375,000

3 Beds ⋅ 1 Baths ⋅ 2591710 MLS ⋅ ACTIVE Status

Investor & DIY Special! Great opportunity in the established Oak Park neighborhood of Lakewood. This 3-bedroom, 1-bathroom single-story home features 1,166 sq ft of living space, a 1-car attached garage, and a spacious 7,700 sq ft lot. Being sold as-is by the estate, this property offers incredible potential for a fix-and-flip or a sweat-equity remodel. Conveniently located near local schools, parks, and commuter routes. Bring your ideas and tools to restore this diamond in the rough! Notable updates include a newer sewer system/connection installed within recent years, saving a buyer significant capital expense. Listing broker is related to the seller. (Purchaser to verify all information)

5516 Seeley Lake Drive SW, Lakewood

Listing Broker: RE2K.com; Alika Kalii; 253-348-7060; alikakalii@icloud.com

$399,950

3 Beds ⋅ 3 Baths ⋅ 2591577 MLS ⋅ ACTIVE Status

A beautiful home in the highly-sought after Mt. Vernon Village! This home was modernized, finished with new floors, cabinetry, bathroom vanities, a huge island kitchen counter and updated recessed lighting system. The bright open concept floor plan is excellent for gatherings and you can even take the party outside to your own private courtyard. Upstairs the rooms are all very spacious featuring a primary with both a huge walk in closet and shower. The generous space in the garage is ideal for 2 cars and has room for storage. If you are looking for an easy, lock and leave lifestyle in a premier community, this home is for you! The well managed HOA takes care of the hard work, and covers water, landscaping, exterior upkeep, while you can enjoy the many amenities such as community pool and clubhouse. the location is fantastic with nearby Ft. Lewis, Steilacoom Park, trails, shops and restaurants. If you are ready to live good and low maintenance 8626 Onyx Dr SW unit D is indeed the home for you, Hurry on out as this one will not last long! This home is eligible for Wshfc down payment assistance program. Seller to cover up to 6 months HOA dues.

8626 Onyx Drive SW Unit #D, Lakewood

Listing Broker: Best Choice Realty LLC; Anwar Thomas; 206-981-8934; anwar.j.thomas@gmail.com

$449,950

3 Beds ⋅ 2 Baths ⋅ 2591492 MLS ⋅ ACTIVE Status

Welcome home to this inviting 3-bedroom, 2-bath home in Lakewood! Conveniently located near JBLM, shopping, dining, and everyday amenities, this home offers a great combination of comfort and accessibility. With a functional layout and plenty of opportunity to make the space your own, this property is ready for its next owner. Come see all this Lakewood home has to offer!

11415 Holden Road SW, Lakewood

Listing Broker: Skyline Properties, Inc.; Arron Carr; 253-883-9421; arron@skylineproperties.com

$450,000

3 Beds ⋅ 2 Baths ⋅ 2591420 MLS ⋅ ACTIVE Status

A European-inspired design on a rare, flat 8,500-square-foot lot in one of Lakewood's most sought-after neighborhoods. Clean lines, minimalist finishes, and thoughtful design throughout—nothing overdone. This is the kind of home that doesn't try too hard because it doesn't have to. Step inside and the vaulted ceilings make an immediate impression, creating an open, airy feel that makes the 1,092 square feet live much larger than expected. The primary suite is a true retreat, featuring a spacious bedroom, a private full bath, and the kind of separation that just makes sense. Outside, meticulous landscaping and a sleek modern fence surround the property, offering the rare combination of standout curb appeal and genuine privacy. The backyard is flat, expansive, and perfectly suited for entertaining, relaxing, or simply enjoying the outdoors. Complete with a two-car garage and located in a neighborhood where pride of ownership is evident, this is a home that delivers style, comfort, and a setting that's increasingly hard to find.

8102 Oakridge Drive SW, Lakewood

Listing Broker: Pellego, Inc.; Nikita Krivorak; 760-818-6914; nikita@cityhometeam.com

15401 Washington Avenue SW Unit #3, Lakewood

$110,000

2 Beds ⋅ 2 Baths ⋅ 2587902 MLS ⋅ ACTIVE Status

Freshly reimagined from top to bottom, this spacious Lakewood home delivers the style, space, and finishes you rarely find at this price point. Offering 1,344 sq ft, this 2-bedroom, 1 and three-quarters bath double-wide features a complete renovation and a standout kitchen designed for cooking and entertaining, with an oversized center island, abundant cabinetry and storage, built-in cooktop, statement range hood, and generous prep space. Fresh finishes continue throughout the comfortable, open floor plan. A ductless heat pump with A/C provides year-round comfort, complemented by a newer roof. Outside, enjoy a porch/deck, front patio, additional storage, and parking for two. Set in an all-ages community near American Lake with convenient access to JBLM, shopping, dining, parks, and commuter routes. Space rent $1,050/month. Park approval required.

15401 Washington Avenue SW Unit #3, Lakewood

Listing Broker: Keller Williams Realty Bothell; Angelica Ramos; 360-612-2203; angelicara@kw.com

$495,000

3 Beds ⋅ 2 Baths ⋅ 2589126 MLS ⋅ ACTIVE Status

This updated 3-bedroom, 1.5-bath home offers thoughtful touches throughout, including luxury vinyl plank flooring throughout and recently updated bathrooms. The dining room features a wood-burning fireplace, while the living room has a gas fireplace and opens to a fully covered patio. Outside, the fully fenced backyard offers mature landscaping, an outbuilding, and a wood-burning fire pit for gatherings. A gas fire pit can also be included.The kitchen features a farmhouse sink, butcher block countertops, and cabinets that have been completely refinished and refaced. Other updates include a tankless water heater, a Mr. Cool heat pump with two heads, three sun tube skylights for extra nature light, and a one-year-old Samsung all-in-one washer/dryer. The spacious primary bedroom has a remodeled custom closet with a half bath. Another bedroom includes a built-in Murphy bed.The roof is approximately six years old, and the large driveway leads to an attached two-car garage. Conveniently located near Joint Base Lewis-McChord, parks, and other amenities, this home has details best appreciated in person—come take a look!

10415 110th Street SW, Lakewood

Listing Broker: Brightline Realty; Jennifer Martirosian; 253-732-3977; jennfarrell@gmail.com

$394,000

2 Beds ⋅ 1 Baths ⋅ 2585063 MLS ⋅ ACTIVE Status

Finally! That huge, level lot you have been looking for! 15,000 sq ft (0.344 Acres!) in R4 zoning in quiet neighborhood close to Steilacoom Lake! Legacy home features two bedrooms, full hall bath, open-concept living room & dining room, kitchen with south-facing breakfast nook for added morning light, inside utility room and large carport! Also, 304 sf ft outbuilding! Need a large off-street parking area? Need to build a large workshop? Need to build an ADU? Welcome Home!

10019 Oak Lane SW, Lakewood

Listing Broker: RE/MAX Northwest; Eric Herbel; 253-988-6262; ericherbel@remax.net

$389,000

3 Beds ⋅ 2 Baths ⋅ 2586337 MLS ⋅ ACTIVE Status

Bring your design ideas and sweat equity to this classic 1955 single-level home, perfectly positioned on a generous 9,500-square-foot lot. Offering 1,235 square feet of comfortable living space, this property features 3 bedrooms, 1.5 bathrooms, and wonderful mid-century character waiting to be shined up. Step inside to discover hardwood floors running through most of the main living areas, complemented by a a cozy wood-burning fireplace in the oversized living room. The dining room flows seamlessly outdoors through large sliding glass doors, opening up to a spacious, fully-fenced backyard that is ready for gardening, pets, or weekend gatherings. You can focus your budget entirely on cosmetic updates knowing that some major systems were recently updated: Roof, Furnace, Air Conditioning and Water Heater all installed new in 2017/2018. Additional features include a convenient one-car garage plus a one-car carport & detached outbuilding in back for plenty storage. Whether you are looking to build instant equity or customize a home to your preferred taste, this solid property offers an incredible opportunity in a great neighborhood.

8914 Hipkins Road SW, Lakewood

Listing Broker: RE/MAX Northwest; Shane Blondin; 253-232-6885; shane@shaneblondin.com

$375,000

2 Beds ⋅ 1 Baths ⋅ 2584951 MLS ⋅ ACTIVE Status

WELCOME TO THE EVERGREEN HOUSE—MOVE-IN READY + ROOM TO GROW! Beautifully renovated, this Lakewood home offers stylish, turnkey living with brand-new appliances, custom cabinetry and thoughtfully selected modern finishes throughout. The bright, inviting interior has been refreshed from top to bottom, creating a fresh, polished home with effortless appeal. Situated on a spacious lot with a large storage shed and generous outdoor space to enjoy, expand or reimagine. Zoning may allow for up to three units (buyer to verify), creating exciting future possibilities for additional housing or investment. Looking for even more flexibility? The neighboring Haven House at 6148 88th Ave SW is also available separately, presenting a rare opportunity to acquire two side-by-side properties—ideal for multi-generational living, an owner-occupant/investment strategy or expanding your real estate portfolio. Conveniently located near JBLM with easy access to I-5, shopping, dining and everyday amenities. Freshly renovated, thoughtfully finished and full of possibilities—welcome to The Evergreen House.

6146 88th Street SW, Lakewood

Listing Broker: Coldwell Banker Bain; Natalie Sutey; 509-679-1371; natalie.sutey@cbrealty.com

$425,000

3 Beds ⋅ 2 Baths ⋅ 2584897 MLS ⋅ ACTIVE Status

WELCOME TO THE HAVEN HOUSE—COMPLETELY REIMAGINED & READY FOR ITS NEXT CHAPTER. Thoughtfully remodeled from the inside out, this 3-bedroom, 2-bath Lakewood home pairs fresh modern design with warm, inviting spaces. Step inside to brand-new LVP flooring, beautifully finished windows and custom details throughout. The stunning new kitchen is the heart of the home, featuring new cabinetry, countertops, appliances and modern finishes that flow effortlessly into the living space, anchored by a custom mantel. Both bathrooms have been beautifully transformed with new vanities, fixtures and designer-inspired finishes, including a gorgeous new walk-in shower in the primary bath. Fresh exterior siding completes the transformation, giving The Haven House a polished new look inside and out. Beautifully renewed, thoughtfully finished and truly move-in ready—Welcome Home.

6148 88th Street SW, Lakewood

Listing Broker: Coldwell Banker Bain; Natalie Sutey; 509-679-1371; natalie.sutey@cbrealty.com

$339,000

2 Beds ⋅ 3 Baths ⋅ 2584458 MLS ⋅ ACTIVE Status

Prime location outside the JBLM gates and minutes from I-5, this turnkey townhome offers comfort, convenience, and easy living. Well maintained and move-in ready, the home features two spacious bedrooms, each with its own private bath. The main level welcomes you with an airy, open-concept layout filled with natural light, plus a convenient half bath. The generous kitchen flows to a private balcony—perfect for morning coffee or relaxing on warm summer evenings. All with an oversized two-car tandem garage with plenty of room for parking, storage, and everyday essentials. A wonderful combination of location, space, and versatility! Must see today!

5205 Solberg Drive SW Unit #A, Lakewood

Listing Broker: Redfin; Christine Hudson; 253-590-6440; christine.hudson@redfin.com

$405,000

3 Beds ⋅ 1 Baths ⋅ 2584476 MLS ⋅ ACTIVE Status

Welcome to this beautifully refreshed 3-bedroom, 1-bathroom turn-key home sitting on huge lot! Step inside to find fresh interior paint, crisp baseboards and trim, and newer carpet throughout. The heart of the home features a complete 2023 kitchen remodel with new cabinetry, a new sink, sleek countertops, tile backsplash, tile flooring, updated plumbing, and a full suite of updated appliances, including an added dishwasher and garbage disposal. You will love the beautifully updated 2024 bathroom, showcasing a new tub with a custom tile surround, a modern vanity and cabinet, sleek tile floors, and a vent fan with a built-in heater.Outside, enjoy exceptional curb appeal with fresh exterior paint, brand-new rain gutters, and a newly refinished, stained deck overlooking your spacious, fully fenced lot with planted trees, bushes, and two storage sheds. Key upgrades offer true peace of mind, including an updated primary bedroom window, a water heater (2019), and an included washer and dryer (dryer replaced 2023). Extra bathroom storage cabinet and backyard sheds convey. Truly move-in ready on a rare, big lot!

8105 Fairway Drive SW, Lakewood

Listing Broker: Skyline Properties, Inc.; Trevor Clark; 360-525-8824; trevorclarkse@gmail.com

Start Your Search

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.