Medina, WA 98039 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Medina, WA—98039

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$4,527,000

0.9% YoY Growth

Household Income

$250,000

30.0% YoY Growth

Days on Market

6.0% Longer YoY

Home Price Forecast

0.5%

Median Rent

$7,500

6.9% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$7,500

8.4% YoY Growth

Home Price Trends — Medina, WA

As of Dec '25, the median home price in Medina, WA is $4,527,000, with a year-over-year change of 0.9%. This indicates that home prices in Medina, 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	$4,527,000	0.9%
Single Family	$4,527,000	0.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Medina, WA

As of July '25, Rentcast reports the average rent in Medina, WA is $7,200, with a year-over-year rent change of -6.9%. Per bedroom, the median rent as of July '25 in Medina, WA is 3-bedrooms: $7,370, 4-bedrooms: $5,400. The most common rental property sizes in Medina, WA are 4-bedroom and 3-bedroom, accounting for 35.2% and 31.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$7,500	$7,200
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	$7,500	$7,370
4 Bed Rent	$5,400	$5,400

Loading chart...

% of Rental Stock

Studio

3.7%

1 Bedroom

3.2%

2 Bedrooms

13.0%

3 Bedrooms

31.5%

4 Bedrooms

35.2%

5+ Bedrooms

13.4%

Property Listings — Medina, WA

As of Dec '25, Realtor.com reports that the median days on market for a home in Medina, WA is 87. This is a decrease of -4.0% from last year, suggesting that homes are sitting on the market shorter 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	$8,820,000	-2.0%
Listing Count	14	33.0%
Listings as % of Homes	0.8%	33.0%
Days on Market	96	6.0%

Loading chart...

Demographics — Medina, WA

As of the latest ACS Survey released in 2023, Medina, WA has a population of 2,890, which has decreased by -11.4% over the past 5 years. Medina, WA is a moderately popular place for families, as children make up 23.6% of the population. The area has a highly educated workforce, with 88.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 32.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	2,890	-11.4%
% Under 18	23.6%	-12.3%
% Seniors	17.9%	-6.8%
% WFH	32.3%	456.9%
% w/ College Degree	88.2%	12.5%

Loading chart...

As of the latest ACS Survey released in 2023, Medina, WA is a predominantly white area, with 60.5% of the population identifying as white. The white population has shrunk by 9.7% in the last 5 years. The second most common race or ethnicity in Medina, WA is asian, making up 26.7% of the population. Foreign-born residents account for 31.0% of the population in Medina, WA, and this percentage has increased by 24.0% 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	60.5%	-9.7%
% Black	0.0%	-100.0%
% Hispanic	0.3%	-91.7%
% Asian	26.7%	20.3%
% Foreign Born	31.0%	24.0%

Loading chart...

Mortgage and Risk — Medina, WA

According to HUD data as of 2023, there were 37 mortgage originations in Medina, WA, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Medina, 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	37
% Conventional Loans	100.0%
% Government Loans	0.0%
% Investor Loans	0.0%
% Second Loans	3.0%
% Cash Out Refinance	11.0%

Loading chart...

Rentals and Section 8 — Medina, WA

Medina, WA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

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

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$2,940
2 Bedroom	N/A	N/A	$3,420
3 Bedroom	-$2,990	$7,500	$4,510
4 Bedroom	-$140	$5,400	$5,260

Medina, WA—98039

Key Metrics at a Glance

Home Price Trends — Medina, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Medina, WA

% of Rental Stock

Property Listings — Medina, WA

Demographics — Medina, WA

Race and Ethnicity

Mortgage and Risk — Medina, WA

Mortgages

Rentals and Section 8 — Medina, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Medina, WA

Home Price to Income Ratio

Medina, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Bellevue, WA

Montlake, Seattle, WA

University District, Seattle, WA

Central District, Seattle, WA

Kirkland, WA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	17.5
Median Home Price	$4,527,000
Median Household Income	$250,000

Medina, WA—98039

Key Metrics at a Glance

Home Price Trends — Medina, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Medina, WA

% of Rental Stock

Property Listings — Medina, WA

Demographics — Medina, WA

Race and Ethnicity

Mortgage and Risk — Medina, WA

Mortgages

Rentals and Section 8 — Medina, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Medina, WA

Home Price to Income Ratio

Medina, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Bellevue, WA

Montlake, Seattle, WA

University District, Seattle, WA

Central District, Seattle, WA

Kirkland, WA

Frequently Asked Questions

What is the average home price in Medina, WA 98039?

How have home prices in Medina, WA 98039 changed over the past year?

What is the home price projection for Medina, WA 98039?

What are the demographics of Medina, WA 98039?

How long does it take homes to sell in Medina, WA 98039?

What is the average rent price in Medina, WA 98039?