Maple Valley, WA—98038
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Maple Valley, WA
As of Oct '25, the median home price in Maple Valley, WA is $784,000, with a year-over-year change of -1.4%. This indicates that home prices in Maple Valley, WA are decreasing. 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 | $784,000 | -1.4% |
| Single Family | $794,000 | -1.6% |
| Condos | $510,000 | -3.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $573,000 | -1.2% |
2 Bed | $545,000 | -1.4% |
3 Bed | $699,000 | -1.7% |
4 Bed | $863,000 | -1.6% |
| 5 Bed | $978,000 | -1.8% |
% of Housing Stock
Rental Trends — Maple Valley, WA
As of July '25, Rentcast reports the average rent in Maple Valley, WA is $3,220, with a year-over-year rent change of -5.0%. Per bedroom, the median rent as of July '25 in Maple Valley, WA is studios: $2,000, 1-bedrooms: $1,590, 2-bedrooms: $2,500, 3-bedrooms: $3,230, 4-bedrooms: $3,750. The most common rental property sizes in Maple Valley, WA are 2-bedroom and 3-bedroom, accounting for 36.5% and 32.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,490 | $3,220 |
| Studio Rent | $2,000 | $2,000 |
| 1 Bed Rent | $1,500 | $1,590 |
| 2 Bed Rent | $2,600 | $2,500 |
| 3 Bed Rent | $3,300 | $3,230 |
| 4 Bed Rent | $3,650 | $3,750 |
% of Rental Stock
Property Listings — Maple Valley, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Maple Valley, WA is 50. 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $795,000 | -9.0% |
Listing Count | 116 | 23.0% |
| Listings as % of Homes | 0.4% | 23.0% |
Days on Market | 50 | 25.0% |
Demographics — Maple Valley, WA
As of the latest ACS Survey released in 2023, Maple Valley, WA has a population of 37,900, which has increased by 6.5% over the past 5 years. Maple Valley, WA is a popular place for families, as children make up 29.0% of the population. The area has a highly educated workforce, with 46.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,900 | 6.5% |
% Under 18 | 29.0% | -2.0% |
% Seniors | 11.3% | 15.3% |
% WFH | 20.2% | 165.8% |
% w/ College Degree | 46.4% | 13.4% |
As of the latest ACS Survey released in 2023, Maple Valley, WA is a predominantly white area, with 73.3% of the population identifying as white. The white population has shrunk by 11.6% in the last 5 years. The second most common race or ethnicity in Maple Valley, WA is asian, making up 10.3% of the population. Foreign-born residents account for 12.9% of the population in Maple Valley, WA, and this percentage has increased by 126.3% 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 | 73.3% | -11.6% |
% Black | 1.7% | 112.5% |
% Hispanic | 6.3% | 12.5% |
% Asian | 10.3% | 139.5% |
% Foreign Born | 12.9% | 126.3% |
Mortgage and Risk — Maple Valley, WA
According to HUD data as of 2023, there were 695 mortgage originations in Maple Valley, WA, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Maple Valley, WA. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 695 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Maple Valley, WA
As of 2024, the percent of homes in Maple Valley, WA under the Section 8 program is 8.0%. 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 Maple Valley, 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 | 155 |
Total Units Section 8 | 155 |
% Rentals under Section 8 | 8.0% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $1,180 | $1,500 | $2,680 |
| 2 Bedroom | $520 | $2,600 | $3,120 |
| 3 Bedroom | $810 | $3,300 | $4,110 |
| 4 Bedroom | $1,140 | $3,650 | $4,790 |
Affordability — Maple Valley, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $784,000 |
| Median Household Income | $145,000 |