Ravensdale, WA 98051 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Ravensdale, WA—98051

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$897,000

2.0% YoY Growth

Household Income

$115,000

28.0% YoY Growth

Days on Market

2.0% Longer YoY

Home Price Forecast

-1.7%

Median Rent

$3,100

34.8% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$3,100

34.8% YoY Growth

Home Price Trends — Ravensdale, WA

As of May '26, the median home price in Ravensdale, WA is $897,000, with a year-over-year change of -2.0%. This indicates that home prices in Ravensdale, WA are decreasing. According to Zillow, the 1-year price projection is -1.7%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$897,000	-2.0%
Single Family	$896,000	-2.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Ravensdale, WA

As of July '25, Rentcast reports the average rent in Ravensdale, WA is $3,100, with a year-over-year rent change of 34.8%. Per bedroom, the median rent as of July '25 in Ravensdale, WA is 3-bedrooms: $3,100. The most common rental property sizes in Ravensdale, WA are 2-bedroom and 3-bedroom, accounting for 50.5% and 22.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$3,100	$3,100
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	$3,100	$3,100
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

10.8%

1 Bedroom

7.7%

2 Bedrooms

50.5%

3 Bedrooms

22.7%

4 Bedrooms

8.2%

Property Listings — Ravensdale, WA

As of May '26, Realtor.com reports that the median days on market for a home in Ravensdale, WA is 30. This is a increase of 2.0% 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 50.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$1,450,000	2.0%
Listing Count	24	49.0%
Listings as % of Homes	0.4%	49.0%
Days on Market	30	2.0%

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Demographics — Ravensdale, WA

As of the latest ACS Survey released in 2023, Ravensdale, WA has a population of 3,560, which has decreased by -18.0% over the past 5 years. Ravensdale, WA is a moderately popular place for families, as children make up 20.1% of the population. The area has a moderately educated workforce, with 30.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,560	-18.0%
% Under 18	20.1%	-14.8%
% Seniors	17.5%	49.6%
% WFH	17.0%	277.8%
% w/ College Degree	30.5%	22.5%

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As of the latest ACS Survey released in 2023, Ravensdale, WA is a predominantly white area, with 82.3% of the population identifying as white. The white population has shrunk by 6.1% in the last 5 years. The second most common race or ethnicity in Ravensdale, WA is hispanic, making up 9.0% of the population. Foreign-born residents account for 5.1% of the population in Ravensdale, WA, and this percentage has increased by 88.9% 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	82.3%	-6.1%
% Black	0.0%	-100.0%
% Hispanic	9.0%	462.5%
% Asian	2.0%	-42.9%
% Foreign Born	5.1%	88.9%

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Mortgage and Risk — Ravensdale, WA

According to HUD data as of 2023, there were 72 mortgage originations in Ravensdale, WA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Ravensdale, WA. Investor activity is low, as 0.0% 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	72
% Conventional Loans	86.0%
% Government Loans	14.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Ravensdale, WA

Ravensdale, 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	1.0%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$2,330
2 Bedroom	N/A	N/A	$2,710
3 Bedroom	$470	$3,100	$3,570
4 Bedroom	N/A	N/A	$4,160

Ravensdale, WA—98051

Key Metrics at a Glance

Home Price Trends — Ravensdale, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ravensdale, WA

% of Rental Stock

Property Listings — Ravensdale, WA

Demographics — Ravensdale, WA

Race and Ethnicity

Mortgage and Risk — Ravensdale, WA

Mortgages

Rentals and Section 8 — Ravensdale, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Ravensdale, WA

Home Price to Income Ratio

Ravensdale, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Maple Valley, WA

Black Diamond, WA

Issaquah, WA

Covington, WA

Fall City, WA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	7.3
Median Home Price	$897,000
Median Household Income	$115,000

Ravensdale, WA—98051

Key Metrics at a Glance

Home Price Trends — Ravensdale, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ravensdale, WA

% of Rental Stock

Property Listings — Ravensdale, WA

Demographics — Ravensdale, WA

Race and Ethnicity

Mortgage and Risk — Ravensdale, WA

Mortgages

Rentals and Section 8 — Ravensdale, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Ravensdale, WA

Home Price to Income Ratio

Ravensdale, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Maple Valley, WA

Black Diamond, WA

Issaquah, WA

Covington, WA

Fall City, WA

Frequently Asked Questions

What is the average home price in Ravensdale, WA 98051?

How have home prices in Ravensdale, WA 98051 changed over the past year?

What is the home price projection for Ravensdale, WA 98051?

What are the demographics of Ravensdale, WA 98051?

How long does it take homes to sell in Ravensdale, WA 98051?

What is the average rent price in Ravensdale, WA 98051?