Fall City, WA—98024
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fall City, WA
As of Oct '25, the median home price in Fall City, WA is $1,235,000, with a year-over-year change of 0.5%. This indicates that home prices in Fall City, WA are flat. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,235,000 | 0.5% |
| Single Family | $1,235,000 | 0.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $802,000 | 0.9% |
3 Bed | $1,042,000 | -0.2% |
4 Bed | $1,655,000 | 1.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Fall City, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Fall City, WA is 24. This is a increase of 25.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,660,000 | -31.0% |
Listing Count | 22 | 103.0% |
| Listings as % of Homes | 0.5% | 103.0% |
Days on Market | 24 | 25.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Fall City, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.4 |
| Median Home Price | $1,235,000 |
| Median Household Income | $153,000 |