Can You Afford a Home in Lake Stevens, WA?
A typical home in Lake Stevens is worth $698,093, down 1.7% over the past year. That is $49K below the Snohomish County typical of $746,872.
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Assumes housing costs stay at 33% of gross income — the sustainable middle, not the maximum a lender would approve. A typical home in Lake Stevens costs $698,093. Rates as of 5 September 2026; they move weekly and your quote will differ.
What each income level buys in Snohomish County
Prices below are what keeps housing at 33% of gross income, using Snohomish County’s 0.79% effective property tax rate. The Conventional column assumes 20% down; the zero-down columns finance the funding fee into the loan.
| Household income | Conventional | VA | Zero-down CU | FHA |
|---|---|---|---|---|
| $75,000 | $320,000 | $264,000 | $242,000 | $258,000 |
| $100,000 | $438,000 | $362,000 | $332,000 | $354,000 |
| $125,000 | $556,000 | $459,000 | $421,000 | $449,000 |
| $150,000 | $674,000 | $557,000 | $511,000 | $544,000 |
| $200,000 | $911,000 | $752,000 | $690,000 | $735,000 |
How Lake Stevens compares to nearby towns
| Town | Typical home | Year over year | Income needed |
|---|---|---|---|
| Everett | $648,066 | -1.6% | $144,000 |
| Arlington | $664,068 | +0.7% | $148,000 |
| Mountlake Terrace | $678,553 | -2.1% | $151,000 |
| Lake Stevens (this page) | $698,093 | -1.7% | $155,000 |
| Stanwood | $710,892 | +0.4% | $158,000 |
| Monroe | $722,297 | -0.6% | $160,000 |
| Lynnwood | $760,273 | -2.6% | $168,000 |
If Lake Stevens is out of reach, Everett, Arlington, Mountlake Terrace sit lower in the same county — same commute shed, same schools district-by-district, less money.
What this does not tell you
These are typical values, not listings. Half the homes in Lake Stevens sell for less than $698,093, and condos and townhomes sit well below it. Property tax is a county-wide effective rate, so your parcel will differ. Insurance is a state average. Run your own numbers with your own quote before you take any of this as settled.