Lynnwood, WA
Lynnwood, WA landlord and rental property insurance
What Lynnwood landlords should know before insuring a rental. A quote is not a binder.
Owners who rent out property in Lynnwood, Snohomish County, are working in a market where 49% of occupied homes are rentals. The city counts about 41,597 residents; Washington as a whole has a renter share of 36%.
Lynnwood rental housing by the numbers
| Measure | Lynnwood | Washington |
|---|---|---|
| Renter-occupied homes | 49% (7,852) | 36% |
| Median owner-occupied home value | $686,900 | $564,600 |
| Median gross rent | $1,742/mo | $1,760/mo |
| Median year structure built | 1979 | 1985 |
| Homes in 2–4 unit buildings | 10% | 6% |
| Single-family homes (detached or attached) | 48% | 66% |
Data: Census ACS 5-year estimates for 2020–2024 via Census Reporter, and Census Vintage 2024 population estimates.
Dwelling limits for Lynnwood landlords
Lynnwood's median home value, roughly $686,900, gives a rough sense of what rentals here are worth; the state median is $564,600. For insurance, ask for a replacement-cost estimate on your specific building.
If your rental is insured somewhere around Lynnwood's median, the closest NAIC benchmark is the $600,000–$699,999 band, where the 2023 Washington dwelling-fire average was $1,119. The all-amounts state figure was $886.
Loss-of-rents planning in Lynnwood
Median gross rent in Lynnwood is about $1,742 a month. A year of lost rent at that level is roughly $20,904 per unit, a useful yardstick when you choose fair rental value coverage.
How old Lynnwood's housing is, and why it matters
A median build year of 1979 puts much of Lynnwood's rental stock in the 1960s–70s range. Some homes from that period used aluminum branch wiring or now-obsolete panels, so disclose upgrades clearly.
What Lynnwood landlords typically own
Small multi-family buildings are a real part of Lynnwood's housing at roughly 10% of units. If you own a duplex, triplex, or fourplex here, read our guide to 2–4 unit buildings.
Lynnwood versus other large Washington communities
Nearby Everett reports 51% renter households and a $565,300 median home value, so proportionally more renters than Lynnwood. Marysville has a renter share of 31% with homes valued around $567,900 at the median. Edmonds has a renter share of 29% with homes valued around $890,100 at the median. Among the 30 largest Washington cities we profile, Lynnwood ranks 9 for renter share. Roughly 38% of homes in Lynnwood are in buildings of five or more units, the point where most owners move to commercial apartment policies.
Natural hazards Lynnwood landlords plan for
In Lynnwood, think about winter windstorms and heavy rain west of the Cascades first, then wildfire and smoke in drier eastern counties. Both appear frequently in Washington property claims and can change which policy form and deductible make sense.
Hazard themes reflect FEMA’s National Risk Index and NOAA’s Storm Events Database; check the index for your specific county.
What to have ready for a Lynnwood quote
- Liability limit and months of rent to protect
- The Lynnwood address and how many units it has
- Year built and roof age
- How it is occupied today, including any vacancy or short-term use
- Any system updates, with years
- Prior carrier, expiration date, and five-year loss history
- Lender name for the mortgagee clause
Request a Lynnwood landlord quote
Lynnwood landlord insurance questions
What share of Lynnwood homes are rentals?
About 49% of occupied homes in Lynnwood, roughly 7,852 households, are renter-occupied according to the 2020–2024 American Community Survey.
Is landlord insurance required in Lynnwood?
Washington law does not require landlord insurance, but lenders usually require property coverage, and many leases, HOAs, and property managers require liability coverage.
How much does landlord insurance cost in Lynnwood?
It depends on the building, coverage, and deductible. For background, the NAIC reported a 2023 Washington dwelling-fire average of $886; see our Washington page for the full table.
More landlord pages near Lynnwood
Landlord insurance in Washington · Cost by state
Last updated October 15, 2026. Sources and method: how we research.