Auburn, WA—98002
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 $480,000, with a year-over-year change of -1.6%. This indicates that home prices in Auburn, WA are decreasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $480,000 | -1.6% |
| Single Family | $505,000 | -1.4% |
| Condos | $299,000 | -5.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $254,000 | -0.8% |
2 Bed | $368,000 | -5.2% |
3 Bed | $498,000 | -1.6% |
4 Bed | $583,000 | -1.2% |
| 5 Bed | $606,000 | -2.1% |
% of Housing Stock
Rental Trends — Auburn, WA
As of July '25, Rentcast reports the average rent in Auburn, WA is $1,960, with a year-over-year rent change of 8.9%. Per bedroom, the median rent as of July '25 in Auburn, WA is studios: $1,530, 1-bedrooms: $1,410, 2-bedrooms: $1,880, 3-bedrooms: $2,630, 4-bedrooms: $3,020. The most common rental property sizes in Auburn, WA are 2-bedroom and 1-bedroom, accounting for 43.9% and 31.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,960 |
| Studio Rent | $1,440 | $1,530 |
| 1 Bed Rent | $1,400 | $1,410 |
| 2 Bed Rent | $1,850 | $1,880 |
| 3 Bed Rent | $2,500 | $2,630 |
| 4 Bed Rent | $3,100 | $3,020 |
% 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 40. This is a increase of 17.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $491,000 | -3.0% |
Listing Count | 72 | 3.0% |
| Listings as % of Homes | 0.2% | 3.0% |
Days on Market | 40 | 17.0% |
Demographics — Auburn, WA
As of the latest ACS Survey released in 2023, Auburn, WA has a population of 37,300, which has increased by 8.0% over the past 5 years. Auburn, WA is a moderately popular place for families, as children make up 24.1% of the population. The area has a poorly educated workforce, with 18.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,300 | 8.0% |
% Under 18 | 24.1% | -10.1% |
% Seniors | 14.9% | 19.2% |
% WFH | 9.1% | 160.0% |
% w/ College Degree | 18.1% | 27.5% |
As of the latest ACS Survey released in 2023, Auburn, WA is a predominantly white area, with 45.5% of the population identifying as white. The white population has shrunk by 13.8% in the last 5 years. The second most common race or ethnicity in Auburn, WA is hispanic, making up 24.0% of the population. Foreign-born residents account for 24.3% of the population in Auburn, WA, and this percentage has increased by 10.0% 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 | 45.5% | -13.8% |
% Black | 12.0% | 87.5% |
% Hispanic | 24.0% | 0.4% |
% Asian | 6.1% | -11.6% |
% Foreign Born | 24.3% | 10.0% |
Mortgage and Risk — Auburn, WA
According to HUD data as of 2023, there were 447 mortgage originations in Auburn, WA, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Auburn, WA. Investor activity is low, as 4.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 447 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Auburn, WA
As of 2024, the percent of homes in Auburn, WA under the Section 8 program is 8.4%. 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 | 812 |
Total Units Section 8 | 610 |
% Rentals under Section 8 | 8.4% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $650 | $1,400 | $2,050 |
| 2 Bedroom | $540 | $1,850 | $2,390 |
| 3 Bedroom | $660 | $2,500 | $3,160 |
| 4 Bedroom | $580 | $3,100 | $3,680 |
Affordability — Auburn, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6 |
| Median Home Price | $480,000 |
| Median Household Income | $77,700 |