Blue Ridge, Shoreline, WA—98177
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Blue Ridge, Shoreline, WA
As of Oct '25, the median home price in Blue Ridge, Shoreline, WA is $1,099,000, with a year-over-year change of -1.4%. This indicates that home prices in Blue Ridge, Shoreline, WA are decreasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,099,000 | -1.4% |
| Single Family | $1,125,000 | -1.8% |
| Condos | $588,000 | -0.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $686,000 | 2.5% |
2 Bed | $741,000 | -0.4% |
3 Bed | $978,000 | -2.1% |
4 Bed | $1,289,000 | -1.5% |
| 5 Bed | $1,557,000 | -1.0% |
% of Housing Stock
Rental Trends — Blue Ridge, Shoreline, WA
As of July '25, Rentcast reports the average rent in Blue Ridge, Shoreline, WA is $3,820, with a year-over-year rent change of -1.0%. Per bedroom, the median rent as of July '25 in Blue Ridge, Shoreline, WA is 1-bedrooms: $1,700, 2-bedrooms: $2,940, 3-bedrooms: $4,060, 4-bedrooms: $4,220. The most common rental property sizes in Blue Ridge, Shoreline, WA are 2-bedroom and 1-bedroom, accounting for 36.8% and 31.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $3,820 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,720 | $1,700 |
| 2 Bed Rent | $2,720 | $2,940 |
| 3 Bed Rent | $3,500 | $4,060 |
| 4 Bed Rent | $4,450 | $4,220 |
% of Rental Stock
Property Listings — Blue Ridge, Shoreline, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Blue Ridge, Shoreline, WA is 33. This is a increase of 18.0% 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 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 | $1,180,000 | 9.0% |
Listing Count | 55 | -8.0% |
| Listings as % of Homes | 0.4% | -8.0% |
Days on Market | 33 | 18.0% |
Demographics — Blue Ridge, Shoreline, WA
As of the latest ACS Survey released in 2023, Blue Ridge, Shoreline, WA has a population of 20,500, which has decreased by -5.1% over the past 5 years. Blue Ridge, Shoreline, WA is a moderately popular place for families, as children make up 20.6% of the population. The area has a highly educated workforce, with 68.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,500 | -5.1% |
% Under 18 | 20.6% | 7.3% |
% Seniors | 21.7% | -2.3% |
% WFH | 27.3% | 213.8% |
% w/ College Degree | 68.1% | 5.6% |
As of the latest ACS Survey released in 2023, Blue Ridge, Shoreline, WA is a predominantly white area, with 77.1% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Blue Ridge, Shoreline, WA is asian, making up 9.8% of the population. Foreign-born residents account for 14.0% of the population in Blue Ridge, Shoreline, WA, and this percentage has increased by 28.4% 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 | 77.1% | -2.9% |
% Black | 2.1% | 40.0% |
% Hispanic | 3.8% | -7.3% |
% Asian | 9.8% | 22.5% |
% Foreign Born | 14.0% | 28.4% |
Mortgage and Risk — Blue Ridge, Shoreline, WA
According to HUD data as of 2023, there were 376 mortgage originations in Blue Ridge, Shoreline, WA, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Blue Ridge, Shoreline, WA. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 376 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Blue Ridge, Shoreline, WA
As of 2024, the percent of homes in Blue Ridge, Shoreline, WA under the Section 8 program is 13.7%. 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 Blue Ridge, Shoreline, WA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 143 |
Total Units Section 8 | 143 |
% Rentals under Section 8 | 13.7% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $670 | $1,720 | $2,390 |
| 2 Bedroom | $60 | $2,720 | $2,780 |
| 3 Bedroom | $160 | $3,500 | $3,660 |
| 4 Bedroom | -$180 | $4,450 | $4,270 |
Affordability — Blue Ridge, Shoreline, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.4 |
| Median Home Price | $1,099,000 |
| Median Household Income | $163,000 |