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Lacey - Town vs. County Stats
Avg Price in Lacey: $437,200 / County Avg $512,000
Avg Taxes in Lacey: $2,600 / County Avg $3,300
Avg Sq. Ft. in Lacey: 2,201 / County Avg 2,354
Avg Price per/ft2 in Lacey: $199 / County Avg $218
Avg Walkscore in Lacey: 13 / County Avg 18
Avg Year Built in Lacey: 2009 / County Avg 1993
Avg Days on Website in Lacey: 51 / County Avg 98
Lacey Real Estate Market Health
The City of Lacey, Washington, is a located in Thurston County. Established as a suburb of Olympia, the population of Lacey, WA is estimated 43,860 people (Based on the 2012 Census Estimates). Thurston county population is estimated at 258,332.
Lacey was originally called Woodland after settlers Isaac and Catherine Wood, who claimed land there in 1853. The small settlements of Woodland and Chambers Creek consolidated into Lacey in the 1950s. Renamed for attorney and developer O.C. Lacey, the city of Lacey was officially incorporated on December 5, 1966. At the time, the main industries were cattle, milk, forest products, and retail. Lacey became a commuter town for Olympia, Fort Lewis and to some extent, Tacoma; in recent years, however, business developments, community groups, and population growth have led Lacey to develop into a city in its own right.
According to the United States Census Bureau, the city has a total area of 16.51 square miles (42.76 km2), of which, 16.06 square miles (41.60 km2) is land and 0.45 square miles (1.17 km2) is water.
Lacey sported one of the Northwest's first ever "indoor malls", South Sound Center. It has since been partially demolished and turned into an outdoor shopping center. Lacey now features a diverse array of businesses, ranging from retail to warehousing/distribution centers, a large retirement community, a major mushroom farm, and Weyerhaeuser's corrugated container facility.
As Lacey continues to grow, many businesses continue to feed into the city. Lacey offers a Regal 16 Movie Theater, which is one of the largest theaters in the area. Other businesses that have recently come into Lacey include LA Fitness, Best Buy, Costco, The Home Depot, Lowe's, Office Max, and many strip malls and market squares.
Outdoor enthusiasts love to visit Cabelas, the world’s foremost outfitter. Cabelas opened its Lacey location in November 2007, was first store in the south Puget Sound area. Cabelas attracts fishing, hunting, and outdoor enthusiasts from around the state, many of whom spend more than three hours in the store per visit. While at the store, visit the restaurant and enjoy a Buffalo Burger, Elk Burger, or a Wild Boar Sandwich.
Joint Base Lewis-McChord (JBLM)
Although located not directly in Lacey, Joint Base Lewis-McChord is only a short drive away. Lacey, WA makes a perfect location to call home for the men and women serving at JBLM. Lacey is located between exits 109, 111, and 114 at the I5 interstate. Joint Base Lewis McChord's Main Gate is located at exit 120.
Between 2007-2011 there were 5,742 Veterans living in Lacey.
The North Thurston School District is Thurston County’s largest school district. Information for each of the schools can be found at the North Thurston School District’s web page: www.nthurston.k12.wa.us
GreatSchools Lacey school ratings and additional information is also available at www.greatschools.org/washington/lacey
In addition to public schools, Lacey is also home to various faith based schools, such as Faith Lutheran School (Preschool through 8th Grade) and Foundation Campus, which includes Community Christian Academy (Pre-school to Middle School) and Northwest Christian High School. Lacey Washington is also the home of Pope John Paul II High School, and Saint Martin's University.
The Lacey Gateway Town Center Project
For those who live near Cabelas in Lacey, it has been a long time since they broke ground on the Lacey Gateway Project. Cabelas has been isolated just off of I5 near the Hawks Prairie, exit 111 for a few years while the real estate market declined and the economy struggled. It was with a lot of hype and fanfare that they started the project but the good news is the plan is progressing. The Lacey Town Center is located 5 miles East of the State Capital of Olympia and 10 miles from Joint Base Lewis McChord.
“The Lacey Gateway Master Plan consists of approximately 220 acres situated on Interstate 5 at the Marvin Road Interchange (exit 111) in Lacey, Washington. The site surrounds one of Cabela’s top performing stores, which opened in late 2007 and attracted an estimated 4.5 million visitors during its first year of operation.
The City of Lacey is a committed participant in the development of the Gateway Town Center. The City has agreed to purchase 5 acres of property with an option to purchase an additional 5 acres, for the construction of buildings and/or development for civic uses, subject to being a part of a mixed-use town center concept.
In addition, the City agreed to participate in the State of Washington Local Revitalization Financing (LRF) program subject to the construction of a mixed-use development consisting of five land use types that define a town center. In 2010, the City of Lacey received approval from the State of Washington to participate in the LRF program. The City of Lacey and State of Washington have committed a combined one million dollars of future property and sale and use tax revenue generated within the Lacey Gateway Revitalization Area towards the payment of bonds issued for public infrastructure within the Lacey Gateway Town Center project. Bonds will be issued to reimburse the applicant for infrastructure improvements after the generation of property and sales tax revenue within the revitalization area three times local match of $500,000. Public infrastructure may include transportation improvements, city utilities and/or a public plaza, streetscape, landscaping, park facilities or other recreation areas complimentary to the Lacey Gateway Town Center Development.”
They have completed the gas station and 7-11 convenience store next to Marvin road and across Britton Parkway from the new Meconi’s subs, and Providence Medical Center which are welcome additional to the area. For more information and to read more about the project, visit: http://www.laceytowncenter.com/city-expansion-right-on-track.
The City of Lacey has over 1,100 acres of parkland and open space, with miles of walking and biking trails, playgrounds, and facilities. Lacey's residents and visitors enjoy one of the finest municipal park systems in Washington State.
Looking for a quick access to the beach? Tolmie State Park is located a short drive off exit 111 in Lacey. Enjoy a casual stroll on the beach or a day of fun at this beautiful Washington state beach.
The Nisqually National Wildlife Refuge is a popular destination for Lacey residents. Located off of exit 114 on I5 Interstate, the refuge offers scenic walking trails with opportunities to observe birds, salmon, various mammals, and amphibians in their natural habitat.