Ravensdale, WA—98051
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ravensdale, WA
As of Oct '25, the median home price in Ravensdale, WA is $876,000, with a year-over-year change of -1.2%. This indicates that home prices in Ravensdale, WA are decreasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $876,000 | -1.2% |
| Single Family | $876,000 | -1.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $541,000 | 0.6% |
3 Bed | $807,000 | -1.3% |
4 Bed | $1,240,000 | -0.8% |
| 5 Bed | $1,720,000 | 2.1% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Ravensdale, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Ravensdale, WA is 78. This is a decrease of -3.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $986,000 | -26.0% |
Listing Count | 20 | 31.0% |
| Listings as % of Homes | 0.4% | 31.0% |
Days on Market | 78 | -3.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Ravensdale, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7 |
| Median Home Price | $876,000 |
| Median Household Income | $115,000 |