Could the next affordable home you buy be in the Lakewood area, or a nearby Tacoma neighborhood? Here’s why 2026 may be a smart time for first-time buyers to make their move.
If you’re a first-time buyer, Lakewood offers relatively lower entry points without sacrificing access to amenities. And if you’re open to nearby areas like the West End of Tacoma, Fircrest, or even parts of Downtown Tacoma, you may find a great blend of affordability and long-term value.

Why Lakewood stands out right now

·Prices still comparatively accessible. As of late 2025, the median sale price in Lakewood hovers around $500,000.

·Steady demand — but not overheated. Homes in Lakewood tend to go pending in about three weeks, indicating a healthy but not frenzied market.

·Better affordability compared with larger metros. Compared with pricier nearby metro-areas, many buyers view Lakewood as a compromise between value and proximity, giving you more house for your money. Some data suggests living costs and housing in Lakewood are meaningfully lower than in certain coastal or city-core markets.

For a first-time buyer, that combination of a moderate median price, reasonable days on market, and relative affordability, can translate into a manageable down payment and mortgage, especially when you adjust expectations for size or style.

West End Tacoma and Fircrest: Underrated value

• Tacoma's West End offers residential charm, parks, and shopping without the price tag of more central neighborhoods. It’s a great area for buyers who want space and stability, especially in older homes with character.

• Fircrest is a quiet, well-kept community tucked between Lakewood and Tacoma. While it leans slightly higher in price, it delivers value in terms of neighborhood appeal and housing quality.

• Downtown Tacoma may appeal to those looking for a more urban lifestyle. Condos and smaller single-family homes can offer affordability, particularly for buyers who prioritize walkability and access to transit, restaurants, and culture.

Each of these areas provides a unique balance between price, location, and livability. Ideal for first-time buyers who know what they value and where they’re willing to compromise.

How to think about “good value,” and what to watch

• Balance between entry price and resale potential. Lakewood offers a lower entry price, which can help first-time buyers get into homeownership sooner. That said, as you build equity, consider whether the home’s location and condition support future resale value (or ability to “move up”).

• Flexibility vs. fixed amenities. Prioritizing affordability may mean compromising on size, finishes, or “luxury touches.” If you value certain lifestyle features, expect trade-offs based on price.

• Long-term strategy matters. Buying in a stable community, even if it feels modest, can pay off if you plan to stay for 5–10 years or more. Appreciation trends in both Lakewood and the surrounding region suggest a steady baseline.

How working with a real estate professional helps you navigate this

As a first-time buyer, having a real estate guide on your side can make a huge difference! Especially in a market with variety and subtle trade-offs, and that’s where I come in.

• I can help you weigh entry-level affordability (like in Lakewood or Downtown Tacoma) versus neighborhood value (like in Fircrest or West End Tacoma).

• I’ll run comps to make sure you’re paying a fair price, and help you spot potential “diamonds in the rough,” homes that might need a bit of work but offer strong value.

• I’ll support you through financing strategy, offer negotiation, and long-term planning — ensuring you make the move that fits your budget and your goals.

Bottom line: Smart value exists… if you know where to look

If you’re a first-time buyer ready to invest in homeownership, the Lakewood area represents a realistic, attainable option, especially if affordability is your top priority. If you’re open to nearby communities like Fircrest, the West End, or Downtown Tacoma, you may find additional opportunities that blend affordability with quality of life.

If you want to see current listings or get a feel for what your budget might buy in these neighborhoods, don’t be afraid to reach out. I’d love to help you explore your options and find a home that fits your goals.