Lakewood vs. Morrison 80465, CO in 2026: $176K Apart on Median Price, $9 Apart per Square Foot

Oct 17

Quick answer: Lakewood is cheaper on median price but not by much per foot. For the three months ending September 2026, Redfin put Lakewood's median sale price at $573,727 and the median for Morrison's 80465 zipcode at $749,780, with price per square foot at $271 versus $280. Most of that gap reflects larger homes in 80465.

By Nick Ahrens, Colorado real estate broker license FA.100104470, eXp Realty, LLC

Lakewood fills the middle of the west metro, and the 80465 zipcode climbs from its southwest edge toward Red Rocks and the foothills. Buyers who like that side of town often look at both, and the two medians this fall look farther apart than they really are.

A note on the data first. The Town of Morrison is tiny, so this guide uses Redfin's page for the 80465 zipcode, which is mostly unincorporated Jefferson County around the town and may include some Lakewood addresses. Lakewood figures come from Redfin's city page. I pulled both on October 17, 2026.

How far apart are Lakewood and Morrison's 80465 zipcode on median price?

About $176,000: Redfin's median sale price was $749,780 in Morrison's 80465 zipcode and $573,727 in Lakewood for the three months ending September 2026, a difference of $176,053.

The year-over-year direction differs as well. Prices in 80465 edged up while Lakewood held roughly flat, and price per square foot in the zipcode rose faster still. Keep in mind that Redfin's medians count every home type, while the searches linked below show houses only.

Lakewood median sale price: $573,727, down 0.22% from a year earlier
Morrison's 80465 zipcode median sale price: $749,780, up 2.0% from a year earlier
Lakewood price per square foot: $271, down 0.91% on the year
80465 price per square foot: $280, up 7.3% on the year

Is the 80465 premium about bigger homes or a higher price per foot?

Mostly bigger homes: by this rough split, about $152,000 of the $176,053 gap, roughly 86%, traces to the larger homes that sold in 80465, and only about $24,000 to its $9-higher price per square foot.

The split works like this. Each median price divided by its median price per square foot hints at a typical home of about 2,680 square feet in 80465 and about 2,120 in Lakewood. Priced at Lakewood's $271 a foot, a 2,678-square-foot home would run about $725,738, which is $152,011 above Lakewood's median. The other $24,042 is the per-foot premium. A ratio of two medians is not a measured home size, so read this as most of the gap, not an exact share.

What does a $750,000 budget buy in Lakewood versus 80465?

Close to the same amount of house: at the median price per square foot, $750,000 covers about 2,770 square feet in Lakewood and about 2,680 in Morrison's 80465 zipcode, a difference near 90 square feet.

The math is $750,000 / $271 = 2,768 and $750,000 / $280 = 2,679. That small spread is why the per-foot figure matters more than the headline medians here. Lot size, slope, age and finished basement space will move any single listing much more than 90 feet. Put the Lakewood houses from $600K to $800K beside the 80465 Morrison houses for sale from $600K to compare actual homes at this budget.

Which market moves faster, and which holds its asking price better?

Lakewood moves faster, at a median of 24 days on market against 35 in 80465, but homes in the zipcode sold closer to asking, at 99.6% of list price compared with 98.4%.

On a $750,000 list price, that 1.2-point difference is about $9,000. In 80465 the share of homes selling above list jumped 10.0 points to 25.8%, and the share with a price drop fell 8.1 points to 39.9%. Lakewood went the other way: 19.9% sold above list, down 2.0 points, and 49.8% had a price drop, up 7.1 points. Lakewood is also the much deeper market, with 460 September sales against 91 in 80465.

Lakewood: 24 median days on market, 27 a year before
80465: 35 median days on market, 36 a year before
Lakewood sale-to-list: 98.4%, down 0.43 points
80465 sale-to-list: 99.6%, up 0.8 points

Which Lakewood and 80465 house searches fit this comparison?

Use the single 80465 zipcode search for that half of the comparison, since it follows the same boundary as the Redfin figures, and pick from six Lakewood zipcode searches plus price bands on the Lakewood side.

The 80465 zipcode house search starts at $600,000 with no upper price limit. In Lakewood, begin with the Lakewood houses for sale search, then narrow to the Lakewood 80215 houses for sale, Lakewood 80226 houses for sale, Lakewood 80227 houses for sale, Lakewood 80228 houses for sale, Lakewood 80232 houses for sale and Lakewood 80235 houses for sale searches. For the larger homes that drive the 80465 median, try the Lakewood houses from $800K to $1M, the Lakewood houses from $1M and the Lakewood 80228 houses from $1M.

Which school district serves Lakewood and 80465 addresses?

Jeffco Public Schools serves Lakewood and the Jefferson County addresses in 80465, but the assigned schools depend on the exact address, so look it up for each home.

Enter an address on the Jeffco articulation areas page to see its assigned schools, and find state performance reports on CDE SchoolView. Confirm the district with Jeffco before you write an offer on any home near a boundary.

Should you buy in Lakewood or Morrison's 80465 zipcode?

Buy in Lakewood if you want a lower entry price, a quicker market and far more listings, and buy in 80465 if you want the larger foothills homes that zipcode tends to sell and accept a median about $176,000 higher.

Choose Lakewood if:

You are working near the $573,727 median and $271 per square foot
You want six zipcode searches and 460 September sales to pick from
You are comfortable with more price drops and more room to negotiate

Choose the 80465 zipcode if:

You are fine with a $749,780 median and $280 per square foot
You want the bigger homes behind most of the gap
You can live with about 35 days on market and offers close to list

Broker view: "With Lakewood and 80465, I tell buyers the per-foot price is nearly a wash. The real question is whether they want the larger foothills home, because that is what most of the extra $176,000 pays for." - Nick Ahrens, eXp Realty, LLC

What this guide does not cover: figures for the Town of Morrison alone, property taxes on a given home, HOA dues and metro district fees, well and septic questions, commute times and today's mortgage rates. I can gather those for any specific home you want to pursue.

Sources: Redfin's Lakewood city housing market page and 80465 zipcode housing market page, three months ending September 2026, checked October 17, 2026. Housing unit counts are Census ACS 2020 to 2024 estimates. The size hint, gap split and budget math are my own arithmetic on Redfin's medians. District coverage is from Jeffco Public Schools.

Want to tour homes in Lakewood or the 80465 zipcode? Call or text 949-230-3625, or request a tour.

Frequently asked questions

Is Lakewood cheaper than Morrison's 80465 zipcode in 2026?

On median sale price, yes. Redfin's figures for the three months ending September 2026 show $573,727 in Lakewood and $749,780 in Morrison's 80465 zipcode, a gap of about $176,000. Per square foot the two are close, at $271 in Lakewood and $280 in 80465.

Is Morrison's 80465 zipcode the same as the Town of Morrison?

No. The 80465 zipcode is mostly unincorporated Jefferson County around the small town, and its edges may reach into Lakewood. Census estimates put about 6,728 housing units in 80465 against roughly 151 in the town, so the zipcode figures describe the wider area.

Why do homes in Morrison's 80465 zipcode cost more than in Lakewood?

Mostly because the homes that sold there were larger. Dividing each median price by its price per square foot suggests about 2,680 square feet in 80465 and about 2,120 in Lakewood. By that rough split, around 86% of the gap is size and the rest is the $9-per-foot difference.

Do homes sell faster in Lakewood or Morrison's 80465 zipcode?

Lakewood is quicker, with a median of 24 days on market against 35 in Morrison's 80465 zipcode for the three months ending September 2026. Homes in 80465 sold closer to asking, though, at 99.6% of list price versus 98.4% in Lakewood.

Nick Ahrens is a Colorado real estate broker (license FA.100104470) with eXp Realty, LLC, helping buyers and sellers across Denver's west metro. Call or text 949-230-3625, or request a tour.

Nick Ahrens