The median property value in Lake Tapps, WA is $431,000, which is nearly one and a half times the national average. This city is home to 89.9% of the population, making it a much more affordable place to live than the national average. As a whole, Lake Tapps has a high homeownership rate at 89.1%, making it more affordable than most other cities. Also, people in Lake Tapps, WA drive alone to work, resulting in an average commute time of 35 minutes. This city is almost as car-friendly as the national average, with an average of two cars per household.
The rent burden is a measure of how much a household must pay in rent to live in the city. This number is important because it allows a comparison to be made between different cities. Lake Tapps' rent burden is higher than the state average of 30.0%, but the rent burden in neighboring cities like Vashon is higher, at 35.1%. Furthermore, the median household income in Lake Tapps, WA is higher than the national average of $26,465; however, it is lower than that in other cities in the region.
While the majority of residents live alone, this city also has a large amount of single people and low-income households. However, it has a relatively high percentage of households with children, which is not surprising given the high percentage of college graduates. If you're looking for a place to live, check out the other statistics about Lake Tapps City. The area has the highest percentage of college-educated residents, but it's still worth it to explore all the options.