37% of Lynnwood’s homes were built before 1961, against 5% across Alberta’s towns
Owners valued the median home at $412,000 at the 2021 census, and the average at $410,465. Sale prices aren’t published in Alberta: what owners told the census is the figure to go on for Lynnwood. For 2024, the median assessed value of a residential property is $360,000. Figures for assessed values, values by property type and building permits are published for the city of Edmonton as a whole, not for Lynnwood alone.
What Lynnwood’s homes are worth, two ways
Two sources, each set against Alberta’s towns only: provinces measure value differently, so they don’t line up across borders. Keep in mind these are owners’ estimates from the 2021 census, not recorded sales.
median, owners’ estimate
- Average
- $410K
- Owners
- 710
- Alberta’s towns
- $400K
- The typical Canadian town
- $406K
all residential
- Alberta’s towns
- $297K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH).
On the assessment roll, Edmonton’s houses sit 30% above Alberta’s towns
In 2024, Edmonton had 347,170 residential properties on the roll, detached houses 61% of them and condos 18%.
Median assessment by type, 2024 the tick is the median of Alberta’s towns
Canadian Housing Statistics Program, table 46-10-0093 (2024): residential properties on the assessment roll, vacant land left out. The ticks are the median of Alberta’s towns with their own figure; assessments compare within a province only.
Apartments are 42% of Lynnwood’s homes, against 14% for Alberta’s towns
The 2021 census counted 1,430 occupied homes in Lynnwood. Neighbourhood figures add up small census areas, and rounding can leave the parts a little under the total.
Homes by period of construction the tick is the median of Alberta’s towns
Homes by kind
| Lynnwood | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 1% | 15% | 8% |
| Needing major repairs | 8% | 5% | 6% |
| Too small for the household | 6% | 4% | 3% |
| Households in core housing need | 11% | 8% | 7% |
Census 2021 (Statistics Canada): occupied private dwellings; core housing need as Statistics Canada defines it. Ticks and columns are medians of the towns and neighbourhoods of 2,500 or more.
Permits in Edmonton ran at 26 homes a year per 1,000, where Alberta’s towns ran at 7.5
From 2018 to 2023, permits in Edmonton created 61,232 homes, about 10,205 a year. Single-unit buildings took 32%, the rest buildings of two or more, against 69% for Alberta’s towns. For monthly permits, the only official count covers all of the Edmonton metro area, Lynnwood included.
A peak in 2022: 12,256 new homes
New homes a year per 1,000 homes
21,179 new homes in the 12 months to August 2026, down 15% on the year before
Statistics Canada, tables 46-10-0087 (building permits by census subdivision, 2018–2023: dwelling units created, new construction and conversions) and 34-10-0292 (monthly, metro areas). Per 1,000: units a year over 2019–2023 against occupied homes in 2021.
Lynnwood against Alberta’s towns: about level with the $400,000 median
478 of Alberta’s towns (2,500 people or more), by median value at the 2021 census, dearest first.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Lower values near Lynnwood: Meadowlark Park, Jasper Park and Elmwood
Next to Lynnwood: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Lynnwood | $412K | $410K | 50% | |
| Meadowlark Park | $344K | $344K | 84% | 0.7 |
| Jasper Park | $324K | $337K | 52% | 0.9 |
| Elmwood | $352K | $359K | 65% | 1.1 |
| Patricia Heights | $600K | $633K | 76% | 1.2 |
| Laurier Heights | $800K | $828K | 82% | 1.3 |
| Parkview | $695K | $813K | 83% | 1.8 |
Census 2021 values; km.
Questions about property prices in Lynnwood
How many households in Lynnwood are in core housing need?
In line with Alberta’s towns (8%): 11% in Lynnwood, counting the households whose home falls short on cost, size or repair.
Is Lynnwood expensive for Alberta?
On census values, Lynnwood sits mid-table among Alberta’s towns (median $400,000).
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program · Statistics Canada, building permits (tables 46-10-0087 and 34-10-0292). Under the Statistics Canada Open Licence.
Adapted from Statistics Canada (Census of Population 2021, population estimates 2025, 2021 census boundaries) under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada. Neighbourhood names in some cities © OpenStreetMap contributors (ODbL).