Auburn, WA—98001
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Auburn, WA
Home Price Trends — Auburn, WA
As of Oct '25, the median home price in Auburn, WA is $622,000, with a year-over-year change of -1.2%. This indicates that home prices in Auburn, WA are decreasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $622,000 | -1.2% |
| Single Family | $626,000 | -1.3% |
| Condos | $447,000 | -1.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $457,000 | -0.9% |
3 Bed | $564,000 | -0.7% |
4 Bed | $696,000 | -1.1% |
| 5 Bed | $768,000 | -1.3% |
% of Housing Stock
Rental Trends — Auburn, WA
As of July '25, Rentcast reports the average rent in Auburn, WA is $2,680, with a year-over-year rent change of -11.6%. Per bedroom, the median rent as of July '25 in Auburn, WA is studios: $2,000, 1-bedrooms: $1,370, 2-bedrooms: $1,960, 3-bedrooms: $2,890, 4-bedrooms: $4,190. The most common rental property sizes in Auburn, WA are 2-bedroom and 3-bedroom, accounting for 34.3% and 26.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,750 | $2,680 |
| Studio Rent | $2,000 | $2,000 |
| 1 Bed Rent | $1,300 | $1,370 |
| 2 Bed Rent | $1,850 | $1,960 |
| 3 Bed Rent | $2,900 | $2,890 |
| 4 Bed Rent | $3,450 | $4,190 |
% of Rental Stock
Property Listings — Auburn, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Auburn, WA is 49. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $714,000 | 0.0% |
Listing Count | 98 | -9.0% |
| Listings as % of Homes | 0.4% | -9.0% |
Days on Market | 49 | -2.0% |
Demographics — Auburn, WA
As of the latest ACS Survey released in 2023, Auburn, WA has a population of 36,000, which has increased by 10.5% over the past 5 years. Auburn, WA is a moderately popular place for families, as children make up 23.9% of the population. The area has a moderately educated workforce, with 28.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,000 | 10.5% |
% Under 18 | 23.9% | -1.6% |
% Seniors | 13.3% | 15.7% |
% WFH | 11.7% | 101.7% |
% w/ College Degree | 28.4% | 19.3% |
As of the latest ACS Survey released in 2023, Auburn, WA is a predominantly white area, with 47.2% of the population identifying as white. The white population has shrunk by 23.1% in the last 5 years. The second most common race or ethnicity in Auburn, WA is asian, making up 17.0% of the population. Foreign-born residents account for 27.5% of the population in Auburn, WA, and this percentage has increased by 43.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 47.2% | -23.1% |
% Black | 8.1% | 15.7% |
% Hispanic | 16.6% | 50.9% |
% Asian | 17.0% | 40.5% |
% Foreign Born | 27.5% | 43.2% |
Mortgage and Risk — Auburn, WA
According to HUD data as of 2023, there were 652 mortgage originations in Auburn, WA, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Auburn, WA. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 652 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Auburn, WA
As of 2024, the percent of homes in Auburn, WA under the Section 8 program is 12.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Auburn, WA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 459 |
Total Units Section 8 | 357 |
% Rentals under Section 8 | 12.9% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $980 | $1,300 | $2,280 |
| 2 Bedroom | $800 | $1,850 | $2,650 |
| 3 Bedroom | $590 | $2,900 | $3,490 |
| 4 Bedroom | $620 | $3,450 | $4,070 |
Affordability — Auburn, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $622,000 |
| Median Household Income | $107,000 |