Burien, WA—98148
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Burien, WA
As of Oct '25, the median home price in Burien, WA is $590,000, with a year-over-year change of -2.4%. This indicates that home prices in Burien, WA are decreasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $590,000 | -2.4% |
| Single Family | $620,000 | -2.7% |
| Condos | $255,000 | -6.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $209,000 | -6.7% |
2 Bed | $342,000 | -5.8% |
3 Bed | $578,000 | -2.7% |
4 Bed | $699,000 | -2.4% |
| 5 Bed | $791,000 | -2.0% |
% of Housing Stock
Rental Trends — Burien, WA
As of July '25, Rentcast reports the average rent in Burien, WA is $1,890, with a year-over-year rent change of -12.5%. Per bedroom, the median rent as of July '25 in Burien, WA is 1-bedrooms: $1,560, 2-bedrooms: $1,950, 3-bedrooms: $2,830. The most common rental property sizes in Burien, WA are 1-bedroom and 2-bedroom, accounting for 38.8% and 36.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,890 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,580 | $1,560 |
| 2 Bed Rent | $1,980 | $1,950 |
| 3 Bed Rent | $2,400 | $2,830 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Burien, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Burien, WA is 38. This is a decrease of -19.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $589,000 | 9.0% |
Listing Count | 26 | 46.0% |
| Listings as % of Homes | 0.4% | 46.0% |
Days on Market | 38 | -19.0% |
Demographics — Burien, WA
As of the latest ACS Survey released in 2023, Burien, WA has a population of 10,400, which has decreased by -11.6% over the past 5 years. Burien, WA is a moderately popular place for families, as children make up 22.1% of the population. The area has a moderately educated workforce, with 28.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,400 | -11.6% |
% Under 18 | 22.1% | -9.4% |
% Seniors | 11.1% | -17.2% |
% WFH | 11.6% | 231.4% |
% w/ College Degree | 28.2% | 32.4% |
As of the latest ACS Survey released in 2023, Burien, WA is a predominantly white area, with 41.9% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Burien, WA is hispanic, making up 27.5% of the population. Foreign-born residents account for 22.3% of the population in Burien, WA, and this percentage has decreased by 11.9% 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 | 41.9% | -2.8% |
% Black | 9.5% | -20.2% |
% Hispanic | 27.5% | 11.8% |
% Asian | 12.3% | -6.1% |
% Foreign Born | 22.3% | -11.9% |
Mortgage and Risk — Burien, WA
According to HUD data as of 2023, there were 88 mortgage originations in Burien, WA, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Burien, WA. Investor activity is low, as 1.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 88 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Burien, WA
Burien, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 210 |
Total Units Section 8 | 105 |
% Rentals under Section 8 | 5.1% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $470 | $1,580 | $2,050 |
| 2 Bedroom | $410 | $1,980 | $2,390 |
| 3 Bedroom | $760 | $2,400 | $3,160 |
| 4 Bedroom | N/A | N/A | $3,680 |
Affordability — Burien, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.6 |
| Median Home Price | $590,000 |
| Median Household Income | $87,000 |