Affordable & Income-Based Housing in Lakewood

Affordability in Lakewood, CO

According to Census ACS 5-Year data (as of 2024), the median monthly rent in Lakewood is $1,806 and the median household income is $89,792 annually. About 42% of Lakewood residents rent their homes, reflecting a sizable renter community that may benefit from the city's income-restricted housing options.

Safety

According to FBI Crime Data Explorer, the Lakewood Police Department reported a violent crime rate of 796 per 100,000 residents in 2024. Keep in mind that crime rates are not directly comparable across cities due to differences in reporting practices and definitions.

Of the 6 HUD-assisted properties in Lakewood tracked by Lease Lantern, none are located in a high-risk flood zone based on FEMA flood map data.

Getting Around Lakewood

Around the assisted properties in Lakewood, Walk Score rates the area 55 out of 100 ("Somewhat Walkable"), with a Transit Score of 34 out of 100 ("Some Transit") and a Bike Score of 53 out of 100, according to Walk Score. These scores reflect the typical access renters at these properties can expect for daily errands, public transit, and cycling.

Schools

According to NCES Common Core of Data, 40 schools serve Lakewood across 1 district, including 20 elementary, 4 middle, 15 high schools, and 1 other. Ratings and quality vary by school, so renters should check the assigned schools for their specific address.

Cost of Living in Lakewood, CO

The median household income in Lakewood is $89,792 per year, according to Census ACS 5-Year data. The median asking rent citywide is $1,806 per month, also per Census ACS 5-Year data, which helps illustrate the affordability gap many renters face.

The 6 HUD-assisted and income-based properties tracked on Lease Lantern represent a meaningful resource for renters who qualify, offering rents tied to income rather than market rates.

• Median household income: $89,792/year (Census ACS 5-Year)
• Median market rent: $1,806/month (Census ACS 5-Year)
• Share of households that rent: 42% (Census ACS 5-Year)

Environmental Exposure

All 6 HUD-assisted properties in Lakewood have been mapped for flood risk, and none fall within a high-risk flood zone. Flood exposure for affordable housing here is low based on available data.