Edmonds, WA 98020 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Edmonds, WA—98020

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$1,104,000

0.9% YoY Growth

Household Income

$122,000

33.1% YoY Growth

Days on Market

1.0% Shorter YoY

Home Price Forecast

0.5%

Median Rent

$2,200

16.9% YoY Growth

1-Bed Rent

$1,800

33.7% YoY Growth

2-Bed Rent

$2,700

9.2% YoY Growth

3-Bed Rent

$3,500

11.8% YoY Growth

Home Price Trends — Edmonds, WA

As of Dec '25, the median home price in Edmonds, WA is $1,104,000, with a year-over-year change of 0.9%. This indicates that home prices in Edmonds, WA are flat. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$1,104,000	0.9%
Single Family	$1,198,000	0.7%
Condos	$740,000	2.8%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Edmonds, WA

As of July '25, Rentcast reports the average rent in Edmonds, WA is $2,550, with a year-over-year rent change of -16.9%. Per bedroom, the median rent as of July '25 in Edmonds, WA is studios: $1,700, 1-bedrooms: $1,790, 2-bedrooms: $2,840, 3-bedrooms: $3,800, 4-bedrooms: $4,500. The most common rental property sizes in Edmonds, WA are 2-bedroom and 1-bedroom, accounting for 44.4% and 29.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,200	$2,550
Studio Rent	$1,700	$1,700
1 Bed Rent	$1,800	$1,790
2 Bed Rent	$2,700	$2,840
3 Bed Rent	$3,500	$3,800
4 Bed Rent	$4,500	$4,500

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% of Rental Stock

Studio

4.1%

1 Bedroom

29.2%

2 Bedrooms

44.4%

3 Bedrooms

18.2%

4 Bedrooms

2.8%

5+ Bedrooms

1.2%

Property Listings — Edmonds, WA

As of Dec '25, Realtor.com reports that the median days on market for a home in Edmonds, WA is 37. This is a increase of 5.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$1,050,000	-14.0%
Listing Count	37	3.0%
Listings as % of Homes	0.3%	3.0%
Days on Market	38	-1.0%

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Demographics — Edmonds, WA

As of the latest ACS Survey released in 2023, Edmonds, WA has a population of 19,100, which has decreased by -6.2% over the past 5 years. Edmonds, WA is a moderately popular place for families, as children make up 15.6% of the population. The area has a highly educated workforce, with 59.9% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	19,100	-6.2%
% Under 18	15.6%	-12.4%
% Seniors	28.2%	8.0%
% WFH	28.9%	389.8%
% w/ College Degree	59.9%	8.9%

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As of the latest ACS Survey released in 2023, Edmonds, WA is a predominantly white area, with 85.3% of the population identifying as white. The white population has grown by 7.3% in the last 5 years. The second most common race or ethnicity in Edmonds, WA is asian, making up 6.1% of the population. Foreign-born residents account for 9.4% of the population in Edmonds, WA, and this percentage has decreased by 13.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	85.3%	7.3%
% Black	0.6%	-25.0%
% Hispanic	3.0%	-51.6%
% Asian	6.1%	-9.0%
% Foreign Born	9.4%	-13.0%

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Mortgage and Risk — Edmonds, WA

According to HUD data as of 2023, there were 253 mortgage originations in Edmonds, WA, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Edmonds, WA. Investor activity is low, as 0.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	253
% Conventional Loans	96.0%
% Government Loans	4.0%
% Investor Loans	0.0%
% Second Loans	2.0%
% Cash Out Refinance	6.0%

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Rentals and Section 8 — Edmonds, WA

As of 2024, the percent of homes in Edmonds, WA under the Section 8 program is 5.7%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Edmonds, WA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	109
Total Units Section 8	109
% Rentals under Section 8	5.7%
% Occupied Section 8	89.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$430	$1,800	$2,230
2 Bedroom	-$100	$2,700	$2,600
3 Bedroom	-$70	$3,500	$3,430
4 Bedroom	-$500	$4,500	$4,000

Edmonds, WA—98020

Key Metrics at a Glance

Home Price Trends — Edmonds, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Edmonds, WA

% of Rental Stock

Property Listings — Edmonds, WA

Demographics — Edmonds, WA

Race and Ethnicity

Mortgage and Risk — Edmonds, WA

Mortgages

Rentals and Section 8 — Edmonds, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Edmonds, WA

Home Price to Income Ratio

Edmonds, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Lynnwood, WA

Blue Ridge, Shoreline, WA

Mountlake Terrace, WA

Broadview, Shoreline, WA

Lake Forest Park, Shoreline, WA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	8.1
Median Home Price	$1,104,000
Median Household Income	$122,000

Edmonds, WA—98020

Key Metrics at a Glance

Home Price Trends — Edmonds, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Edmonds, WA

% of Rental Stock

Property Listings — Edmonds, WA

Demographics — Edmonds, WA

Race and Ethnicity

Mortgage and Risk — Edmonds, WA

Mortgages

Rentals and Section 8 — Edmonds, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Edmonds, WA

Home Price to Income Ratio

Edmonds, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Lynnwood, WA

Blue Ridge, Shoreline, WA

Mountlake Terrace, WA

Broadview, Shoreline, WA

Lake Forest Park, Shoreline, WA

Frequently Asked Questions

What is the average home price in Edmonds, WA 98020?

How have home prices in Edmonds, WA 98020 changed over the past year?

What is the home price projection for Edmonds, WA 98020?

What are the demographics of Edmonds, WA 98020?

How long does it take homes to sell in Edmonds, WA 98020?

What is the average rent price in Edmonds, WA 98020?