Overview:

The West Hill area includes Lakeland North and Lakeland South. This area is known for its planned developments and upscale homes. Straddling the Federal Way, Auburn borders, the Lakeland area is home too many lakes ideal for recreational use during the spring and summer months. It also includes many well maintained walking trails. Easy access to Elementary and Middle schools make this a very family friendly area. Close to Interstate 5 and Highway 18, making your commute a breeze! Welcome home!

Rental Information:

The average rental prices in Lakeland are currently higher than 83.9% of neighborhoods in WA State.

* The average rental price is $964
* The vacancy rate is only 2.9%

Sales Information:

The average sale prices for the Lakeland areaare currently higher than 53.7% of the neighborhoods in WA State, and 68.9% of the neighborhoods in the US.

* 51% are between $155,001 and $233,000
* 34% are between $233,001 and $310,000
* 7% are between $310,001 and $388,000

Development:

The majority of the Lakeland area was developed between 1970 and 1994, and some as early as 1969. The area consists mainly of planned developments-larger 3-5 bedroom single family homes. The vacancy rate is currently at only 2.9%, which is lower than 92.8% of neighborhoods in the entire United States. These numbers reflect a very tight ratio of supply versus demand-very little supple for a very high demand.

Appreciation Rates:

Appreciation rates in the area you're looking to purchase, sell or rent can make or break your decision.Here are a few numbers for you:

* The average annual appreciation rate for Lakeland North/South is 4.03%
* Total appreciation rate since 1990 is 60.70%