Everett, WA—98203
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Everett, WA
As of Oct '25, the median home price in Everett, WA is $632,000, with a year-over-year change of 0.2%. This indicates that home prices in Everett, WA are flat. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $632,000 | 0.2% |
| Single Family | $650,000 | 0.0% |
| Condos | $346,000 | -4.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $398,000 | 0.0% |
2 Bed | $467,000 | 0.2% |
3 Bed | $625,000 | 0.0% |
4 Bed | $751,000 | -0.1% |
| 5 Bed | $872,000 | -0.5% |
% of Housing Stock
Rental Trends — Everett, WA
As of July '25, Rentcast reports the average rent in Everett, WA is $2,080, with a year-over-year rent change of -3.7%. Per bedroom, the median rent as of July '25 in Everett, WA is 1-bedrooms: $1,370, 2-bedrooms: $1,900, 3-bedrooms: $2,860, 4-bedrooms: $3,060. The most common rental property sizes in Everett, WA are 2-bedroom and 1-bedroom, accounting for 48.7% and 16.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $2,080 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,480 | $1,370 |
| 2 Bed Rent | $1,790 | $1,900 |
| 3 Bed Rent | $2,800 | $2,860 |
| 4 Bed Rent | $3,050 | $3,060 |
% of Rental Stock
Property Listings — Everett, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Everett, WA is 40. This is a increase of 21.0% 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 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $629,000 | -10.0% |
Listing Count | 109 | 25.0% |
| Listings as % of Homes | 0.4% | 25.0% |
Days on Market | 40 | 21.0% |
Demographics — Everett, WA
As of the latest ACS Survey released in 2023, Everett, WA has a population of 35,400, which has remained stable by -0.7% over the past 5 years. Everett, WA is a moderately popular place for families, as children make up 20.0% of the population. The area has a moderately educated workforce, with 34.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,400 | -0.7% |
% Under 18 | 20.0% | -9.5% |
% Seniors | 15.7% | 28.7% |
% WFH | 12.5% | 247.2% |
% w/ College Degree | 34.0% | 32.8% |
As of the latest ACS Survey released in 2023, Everett, WA is a predominantly white area, with 57.2% of the population identifying as white. The white population has shrunk by 17.7% in the last 5 years. The second most common race or ethnicity in Everett, WA is hispanic, making up 15.6% of the population. Foreign-born residents account for 21.0% of the population in Everett, WA, and this percentage has increased by 35.5% 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 | 57.2% | -17.7% |
% Black | 8.1% | 170.0% |
% Hispanic | 15.6% | 22.8% |
% Asian | 11.2% | 47.4% |
% Foreign Born | 21.0% | 35.5% |
Mortgage and Risk — Everett, WA
According to HUD data as of 2023, there were 632 mortgage originations in Everett, WA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Everett, 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 | 632 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Everett, WA
As of 2024, the percent of homes in Everett, WA under the Section 8 program is 13.3%. 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 Everett, 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 | 289 |
Total Units Section 8 | 282 |
% Rentals under Section 8 | 13.3% |
% Occupied Section 8 | 90.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $570 | $1,480 | $2,050 |
| 2 Bedroom | $600 | $1,790 | $2,390 |
| 3 Bedroom | $360 | $2,800 | $3,160 |
| 4 Bedroom | $630 | $3,050 | $3,680 |
Affordability — Everett, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $632,000 |
| Median Household Income | $102,000 |