The established core of Lacey, with mature neighborhoods, the Pacific Avenue civic corridor, and the city's most affordable median sale price.
Central Lacey is the established core of the city — mature neighborhoods, older tree stock, and the civic and commercial spine along Pacific Avenue and Martin Way.
Market snapshot
Redfin tracks Central Lacey as a distinct market area. Its median sale price was $462K over the trailing three-month period as of mid-2026, down 0.57% year over year — the most affordable entry point among Lacey's tracked areas, and below the citywide median of roughly $520K.
A 2,834-square-foot expansion to the east side of the existing Providence Regional Cancer System medical facility. NOTE: this is a clinic expansion, not an addition to Providence St. Peter Hospital. The design adds storefront glazing, sunshades and articulated wall planes along the 3rd Avenue SE streetscape, with brick veneer, metal panels and glazing matching the surrounding medical campus.
A community-oriented development on roughly 1.6 acres in Lacey's Woodland District featuring a taproom, pickleball courts, a food truck pad, pedestrian areas, landscaping and open space. The City of Lacey announced construction has begun on The Yard, in the first phase of development. It could become a new entertainment and gathering destination in the Woodland District.
MJR Development converted a vacant ~33,720-square-foot office building at 629 Woodland Square Loop SE into apartments — now open as "629 Apartments" (also marketed as The HUB), with studio, one-, and two-bedroom units (418-926 sq ft) renting from $1,399.
A three-story, 18-unit apartment building (all studio units) on a 0.413-acre parcel at 1224 Sleater Kinney Road SE, with 16 off-street parking stalls enabled by a parking modification request.
South Sound Center (691 Sleater Kinney Rd SE), Lacey, WA 98503
South Sound Center is undergoing redevelopment that includes a new Trader Joe's, which opened November 14, 2025 at 691 Sleater Kinney Rd SE in a converted former Rite Aid space, alongside additional tenant and commercial space. Trader Joe's was one of the most anticipated new retailers coming to Lacey and represents continued reinvestment in the South Sound Center area.
East of Huntamer Park (Woodland Square area), Lacey, WA
A major mixed-use project in the Woodland District: two five-story apartment buildings with approximately 376 residential units and approximately 18,000 square feet of ground-floor retail, pitched for land east of Huntamer Park. The City of Lacey carries it as project #23-0047; a state air-quality permit record for the project's south building was active as of September 2026.
4038 23rd Ave NE, Olympia, WA 98506 (sales office)
D.R. Horton's 199-home community of single-family homes and paired townhomes on the Lacey–Olympia border, with direct access to the Chehalis Western Trail and a community park. More than 10 floor plans; homes from the $570s. Served by Pleasant Glade Elementary, Chinook Middle School, and North Thurston High School.
