Medina, WA—98039
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Medina, WA
As of Oct '25, the median home price in Medina, WA is $4,600,000, with a year-over-year change of 1.8%. This indicates that home prices in Medina, WA are increasing. 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 | $4,600,000 | 1.8% |
| Single Family | $4,604,000 | 0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $3,478,000 | 1.9% |
4 Bed | $4,337,000 | 0.6% |
| 5 Bed | $6,312,000 | -0.8% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Medina, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Medina, WA is 74. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $7,490,000 | 0.0% |
Listing Count | 31 | 31.0% |
| Listings as % of Homes | 0.8% | 31.0% |
Days on Market | 74 | 0.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Medina, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 17.8 |
| Median Home Price | $4,600,000 |
| Median Household Income | $250,000 |