Skyway, Bryn Mawr-Skyway, WA—98178
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Skyway, Bryn Mawr-Skyway, WA
As of Oct '25, the median home price in Skyway, Bryn Mawr-Skyway, WA is $649,000, with a year-over-year change of -2.4%. This indicates that home prices in Skyway, Bryn Mawr-Skyway, 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 | $649,000 | -2.4% |
| Single Family | $656,000 | -2.7% |
| Condos | $285,000 | -3.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $371,000 | -3.1% |
2 Bed | $496,000 | -1.6% |
3 Bed | $627,000 | -2.8% |
4 Bed | $720,000 | -2.7% |
| 5 Bed | $806,000 | -2.8% |
% of Housing Stock
Rental Trends — Skyway, Bryn Mawr-Skyway, WA
As of July '25, Rentcast reports the average rent in Skyway, Bryn Mawr-Skyway, WA is $2,380, with a year-over-year rent change of -11.9%. Per bedroom, the median rent as of July '25 in Skyway, Bryn Mawr-Skyway, WA is studios: $1,460, 1-bedrooms: $1,410, 2-bedrooms: $2,050, 3-bedrooms: $3,040, 4-bedrooms: $4,080. The most common rental property sizes in Skyway, Bryn Mawr-Skyway, WA are 2-bedroom and 1-bedroom, accounting for 30.3% and 24.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,380 |
| Studio Rent | $1,200 | $1,460 |
| 1 Bed Rent | $1,340 | $1,410 |
| 2 Bed Rent | $1,880 | $2,050 |
| 3 Bed Rent | $3,000 | $3,040 |
| 4 Bed Rent | $3,800 | $4,080 |
% of Rental Stock
Property Listings — Skyway, Bryn Mawr-Skyway, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Skyway, Bryn Mawr-Skyway, WA is 33. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time 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 | $812,000 | 11.0% |
Listing Count | 89 | -5.0% |
| Listings as % of Homes | 0.4% | -5.0% |
Days on Market | 33 | -1.0% |
Demographics — Skyway, Bryn Mawr-Skyway, WA
As of the latest ACS Survey released in 2023, Skyway, Bryn Mawr-Skyway, WA has a population of 25,900, which has decreased by -5.0% over the past 5 years. Skyway, Bryn Mawr-Skyway, WA is a moderately popular place for families, as children make up 20.4% of the population. The area has a moderately educated workforce, with 36.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,900 | -5.0% |
% Under 18 | 20.4% | -9.7% |
% Seniors | 18.7% | 42.7% |
% WFH | 16.8% | 366.7% |
% w/ College Degree | 36.3% | 24.7% |
As of the latest ACS Survey released in 2023, Skyway, Bryn Mawr-Skyway, WA is a predominantly asian area, with 32.0% of the population identifying as asian. The asian population has grown by 4.2% in the last 5 years. The second most common race or ethnicity in Skyway, Bryn Mawr-Skyway, WA is white, making up 29.2% of the population. Foreign-born residents account for 30.8% of the population in Skyway, Bryn Mawr-Skyway, WA, and this percentage has increased by 4.8% 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 | 29.2% | 5.4% |
% Black | 22.0% | -11.6% |
% Hispanic | 8.5% | -1.2% |
% Asian | 32.0% | 4.2% |
% Foreign Born | 30.8% | 4.8% |
Mortgage and Risk — Skyway, Bryn Mawr-Skyway, WA
According to HUD data as of 2023, there were 358 mortgage originations in Skyway, Bryn Mawr-Skyway, WA, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Skyway, Bryn Mawr-Skyway, WA. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 358 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Skyway, Bryn Mawr-Skyway, WA
As of 2024, the percent of homes in Skyway, Bryn Mawr-Skyway, WA under the Section 8 program is 12.2%. 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. In Skyway, Bryn Mawr-Skyway, WA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 349 |
Total Units Section 8 | 349 |
% Rentals under Section 8 | 12.2% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $820 | $1,340 | $2,160 |
| 2 Bedroom | $630 | $1,880 | $2,510 |
| 3 Bedroom | $310 | $3,000 | $3,310 |
| 4 Bedroom | $60 | $3,800 | $3,860 |
Affordability — Skyway, Bryn Mawr-Skyway, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.7 |
| Median Home Price | $649,000 |
| Median Household Income | $93,800 |