North Bend, WA 98045 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

North Bend, WA—98045

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$979,000

0.4% YoY Growth

Household Income

$162,000

52.2% YoY Growth

Days on Market

31.0% Longer YoY

Home Price Forecast

0.3%

Median Rent

$2,980

11.4% YoY Growth

1-Bed Rent

$1,600

6.7% YoY Growth

2-Bed Rent

$2,400

8.3% YoY Growth

3-Bed Rent

$2,980

5.4% YoY Growth

Home Price Trends — North Bend, WA

As of Dec '25, the median home price in North Bend, WA is $979,000, with a year-over-year change of 0.4%. This indicates that home prices in North Bend, WA are flat. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$979,000	0.4%
Single Family	$1,001,000	0.0%
Condos	$438,000	-3.3%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — North Bend, WA

As of July '25, Rentcast reports the average rent in North Bend, WA is $3,430, with a year-over-year rent change of 11.4%. Per bedroom, the median rent as of July '25 in North Bend, WA is 1-bedrooms: $1,600, 2-bedrooms: $2,340, 3-bedrooms: $3,470, 4-bedrooms: $4,950. The most common rental property sizes in North Bend, WA are 2-bedroom and 1-bedroom, accounting for 43.1% and 24.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,980	$3,430
Studio Rent	N/A	N/A
1 Bed Rent	$1,600	$1,600
2 Bed Rent	$2,400	$2,340
3 Bed Rent	$2,980	$3,470
4 Bed Rent	$4,900	$4,950

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% of Rental Stock

1 Bedroom

24.5%

2 Bedrooms

43.1%

3 Bedrooms

15.5%

4 Bedrooms

16.9%

Property Listings — North Bend, WA

As of Dec '25, Realtor.com reports that the median days on market for a home in North Bend, WA is 58. This is a increase of 62.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$1,150,000	41.0%
Listing Count	38	10.0%
Listings as % of Homes	0.7%	10.0%
Days on Market	76	31.0%

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Demographics — North Bend, WA

As of the latest ACS Survey released in 2023, North Bend, WA has a population of 15,700, which has increased by 6.2% over the past 5 years. North Bend, WA is a moderately popular place for families, as children make up 23.4% of the population. The area has a highly educated workforce, with 51.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	15,700	6.2%
% Under 18	23.4%	-2.9%
% Seniors	13.0%	31.3%
% WFH	23.7%	132.4%
% w/ College Degree	51.9%	24.5%

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As of the latest ACS Survey released in 2023, North Bend, WA is a predominantly white area, with 76.3% of the population identifying as white. The white population has shrunk by 12.0% in the last 5 years. The second most common race or ethnicity in North Bend, WA is hispanic, making up 10.4% of the population. Foreign-born residents account for 7.8% of the population in North Bend, WA, and this percentage has decreased by 4.9% 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	76.3%	-12.0%
% Black	0.5%	-73.7%
% Hispanic	10.4%	38.7%
% Asian	4.2%	180.0%
% Foreign Born	7.8%	-4.9%

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Mortgage and Risk — North Bend, WA

According to HUD data as of 2023, there were 402 mortgage originations in North Bend, WA, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in North Bend, WA. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	402
% Conventional Loans	93.0%
% Government Loans	7.0%
% Investor Loans	1.0%
% Second Loans	2.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — North Bend, WA

As of 2024, the percent of homes in North Bend, WA under the Section 8 program is 4.6%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in North Bend, WA, because HUD payments exceed market rent, while 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	40
Total Units Section 8	40
% Rentals under Section 8	4.6%
% Occupied Section 8	99.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$770	$1,600	$2,370
2 Bedroom	$360	$2,400	$2,760
3 Bedroom	$660	$2,980	$3,640
4 Bedroom	-$660	$4,900	$4,240

North Bend, WA—98045

Key Metrics at a Glance

Home Price Trends — North Bend, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — North Bend, WA

% of Rental Stock

Property Listings — North Bend, WA

Demographics — North Bend, WA

Race and Ethnicity

Mortgage and Risk — North Bend, WA

Mortgages

Rentals and Section 8 — North Bend, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — North Bend, WA

Home Price to Income Ratio

North Bend, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Snoqualmie, WA

Fall City, WA

Baring

Ravensdale, WA

Carnation, WA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.5
Median Home Price	$979,000
Median Household Income	$162,000

North Bend, WA—98045

Key Metrics at a Glance

Home Price Trends — North Bend, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — North Bend, WA

% of Rental Stock

Property Listings — North Bend, WA

Demographics — North Bend, WA

Race and Ethnicity

Mortgage and Risk — North Bend, WA

Mortgages

Rentals and Section 8 — North Bend, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — North Bend, WA

Home Price to Income Ratio

North Bend, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Snoqualmie, WA

Fall City, WA

Baring

Ravensdale, WA

Carnation, WA

Frequently Asked Questions

What is the average home price in North Bend, WA 98045?

How have home prices in North Bend, WA 98045 changed over the past year?

What is the home price projection for North Bend, WA 98045?

What are the demographics of North Bend, WA 98045?

How long does it take homes to sell in North Bend, WA 98045?

What is the average rent price in North Bend, WA 98045?