Fall City, WA 98024 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Fall City, WA—98024

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$1,266,000

1.3% YoY Growth

Household Income

$153,000

16.8% YoY Growth

Days on Market

41.0% Longer YoY

Home Price Forecast

-1.6%

Median Rent

$3,500

N/A

1-Bed Rent

N/A

2-Bed Rent

$2,200

N/A

3-Bed Rent

N/A

Home Price Trends — Fall City, WA

As of May '26, the median home price in Fall City, WA is $1,266,000, with a year-over-year change of -1.3%. This indicates that home prices in Fall City, WA are decreasing. According to Zillow, the 1-year price projection is -1.6%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$1,266,000	-1.3%
Single Family	$1,268,000	-1.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Fall City, WA

Fall City, WA lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	$3,500	$3,320
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$2,200	$2,850
3 Bed Rent	N/A	N/A
4 Bed Rent	$4,250	$4,250

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% of Rental Stock

1 Bedroom

26.9%

2 Bedrooms

37.2%

3 Bedrooms

25.2%

4 Bedrooms

10.7%

Property Listings — Fall City, WA

As of May '26, Realtor.com reports that the median days on market for a home in Fall City, WA is 26. This is a increase of 41.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$1,590,000	-19.0%
Listing Count	25	81.0%
Listings as % of Homes	0.5%	81.0%
Days on Market	26	41.0%

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Demographics — Fall City, WA

As of the latest ACS Survey released in 2023, Fall City, WA has a population of 4,630, which has decreased by -30.4% over the past 5 years. Fall City, WA is a moderately popular place for families, as children make up 17.1% of the population. The area has a highly educated workforce, with 53.3% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 33.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	4,630	-30.4%
% Under 18	17.1%	-33.2%
% Seniors	25.7%	71.3%
% WFH	33.9%	242.4%
% w/ College Degree	53.3%	3.1%

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As of the latest ACS Survey released in 2023, Fall City, WA is a predominantly white area, with 80.7% of the population identifying as white. The white population has grown by 5.5% in the last 5 years. The second most common race or ethnicity in Fall City, WA is hispanic, making up 10.7% of the population. Foreign-born residents account for 10.1% of the population in Fall City, WA, and this percentage has decreased by 3.8% 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	80.7%	5.5%
% Black	1.1%	83.3%
% Hispanic	10.7%	46.6%
% Asian	2.3%	-77.5%
% Foreign Born	10.1%	-3.8%

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Mortgage and Risk — Fall City, WA

According to HUD data as of 2023, there were 45 mortgage originations in Fall City, WA, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Fall City, WA. Investor activity is low, as 0.0% 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	45
% Conventional Loans	89.0%
% Government Loans	11.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Fall City, WA

Fall City, WA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	1
Total Units Section 8	1
% Rentals under Section 8	0.9%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$2,320
2 Bedroom	$500	$2,200	$2,700
3 Bedroom	N/A	N/A	$3,560
4 Bedroom	-$100	$4,250	$4,150

Fall City, WA—98024

Key Metrics at a Glance

Home Price Trends — Fall City, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Fall City, WA

% of Rental Stock

Property Listings — Fall City, WA

Demographics — Fall City, WA

Race and Ethnicity

Mortgage and Risk — Fall City, WA

Mortgages

Rentals and Section 8 — Fall City, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Fall City, WA

Home Price to Income Ratio

Fall City, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Issaquah, WA

Snoqualmie, WA

Issaquah, WA

Sammamish, WA

Carnation, WA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	7.7
Median Home Price	$1,266,000
Median Household Income	$153,000

Fall City, WA—98024

Key Metrics at a Glance

Home Price Trends — Fall City, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Fall City, WA

% of Rental Stock

Property Listings — Fall City, WA

Demographics — Fall City, WA

Race and Ethnicity

Mortgage and Risk — Fall City, WA

Mortgages

Rentals and Section 8 — Fall City, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Fall City, WA

Home Price to Income Ratio

Fall City, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Issaquah, WA

Snoqualmie, WA

Issaquah, WA

Sammamish, WA

Carnation, WA

Frequently Asked Questions

What is the average home price in Fall City, WA 98024?

How have home prices in Fall City, WA 98024 changed over the past year?

What is the home price projection for Fall City, WA 98024?

What are the demographics of Fall City, WA 98024?

How long does it take homes to sell in Fall City, WA 98024?

What is the average rent price in Fall City, WA 98024?