Everett, WA—98204
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 $562,000, with a year-over-year change of -0.3%. This indicates that home prices in Everett, WA are flat. 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 | $562,000 | -0.3% |
| Single Family | $626,000 | 0.0% |
| Condos | $395,000 | -3.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $243,000 | -8.3% |
2 Bed | $345,000 | -4.2% |
3 Bed | $591,000 | -0.2% |
4 Bed | $699,000 | -0.4% |
| 5 Bed | $751,000 | 0.0% |
% of Housing Stock
Rental Trends — Everett, WA
As of July '25, Rentcast reports the average rent in Everett, WA is $2,060, with a year-over-year rent change of -9.3%. Per bedroom, the median rent as of July '25 in Everett, WA is studios: $1,350, 1-bedrooms: $1,570, 2-bedrooms: $1,950, 3-bedrooms: $2,600, 4-bedrooms: $3,300. The most common rental property sizes in Everett, WA are 2-bedroom and 1-bedroom, accounting for 44.5% and 28.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,890 | $2,060 |
| Studio Rent | $1,300 | $1,350 |
| 1 Bed Rent | $1,580 | $1,570 |
| 2 Bed Rent | $1,940 | $1,950 |
| 3 Bed Rent | $2,500 | $2,600 |
| 4 Bed Rent | $3,260 | $3,300 |
% 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 36. This is a decrease of -4.0% 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 | $460,000 | -10.0% |
Listing Count | 86 | 43.0% |
| Listings as % of Homes | 0.2% | 43.0% |
Days on Market | 36 | -4.0% |
Demographics — Everett, WA
As of the latest ACS Survey released in 2023, Everett, WA has a population of 44,000, which has increased by 2.5% over the past 5 years. Everett, WA is a popular place for families, as children make up 25.2% of the population. The area has a poorly educated workforce, with 22.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 44,000 | 2.5% |
% Under 18 | 25.2% | 2.4% |
% Seniors | 10.4% | 9.5% |
% WFH | 9.7% | 361.9% |
% w/ College Degree | 22.1% | 20.8% |
As of the latest ACS Survey released in 2023, Everett, WA is a predominantly white area, with 46.0% of the population identifying as white. The white population has shrunk by 0.9% in the last 5 years. The second most common race or ethnicity in Everett, WA is hispanic, making up 21.7% of the population. Foreign-born residents account for 30.9% of the population in Everett, WA, and this percentage has increased by 9.2% 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 | 46.0% | -0.9% |
% Black | 8.9% | -3.3% |
% Hispanic | 21.7% | -6.5% |
% Asian | 14.5% | 11.5% |
% Foreign Born | 30.9% | 9.2% |
Mortgage and Risk — Everett, WA
According to HUD data as of 2023, there were 428 mortgage originations in Everett, WA, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 31.0% 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. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 428 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Everett, WA
As of 2024, the percent of homes in Everett, WA under the Section 8 program is 11.6%. 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 | 722 |
Total Units Section 8 | 722 |
% Rentals under Section 8 | 11.6% |
% Occupied Section 8 | 88.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $470 | $1,580 | $2,050 |
| 2 Bedroom | $450 | $1,940 | $2,390 |
| 3 Bedroom | $660 | $2,500 | $3,160 |
| 4 Bedroom | $420 | $3,260 | $3,680 |
Affordability — Everett, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.8 |
| Median Home Price | $562,000 |
| Median Household Income | $66,600 |