Edmonds, WA—98020
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Edmonds, WA
As of Oct '25, the median home price in Edmonds, WA is $1,110,000, with a year-over-year change of 1.1%. This indicates that home prices in Edmonds, WA are increasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,110,000 | 1.1% |
| Single Family | $1,203,000 | 0.9% |
| Condos | $747,000 | 2.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $600,000 | 3.3% |
2 Bed | $814,000 | 2.3% |
3 Bed | $1,068,000 | 0.4% |
4 Bed | $1,410,000 | 1.7% |
| 5 Bed | $1,667,000 | 0.6% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Edmonds, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Edmonds, WA is 30. This is a increase of 3.0% 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 21.0%, 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 | -25.0% |
Listing Count | 68 | 3.0% |
| Listings as % of Homes | 0.3% | 3.0% |
Days on Market | 30 | 3.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Edmonds, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.2 |
| Median Home Price | $1,110,000 |
| Median Household Income | $122,000 |