Everett, WA—98208
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 $749,000, with a year-over-year change of -0.6%. This indicates that home prices in Everett, WA are flat. 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 | $749,000 | -0.6% |
| Single Family | $766,000 | -1.0% |
| Condos | $504,000 | -2.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $253,000 | -6.6% |
2 Bed | $480,000 | -1.6% |
3 Bed | $710,000 | -1.3% |
4 Bed | $856,000 | -0.5% |
| 5 Bed | $961,000 | -0.3% |
% of Housing Stock
Rental Trends — Everett, WA
As of July '25, Rentcast reports the average rent in Everett, WA is $2,730, with a year-over-year rent change of -1.8%. Per bedroom, the median rent as of July '25 in Everett, WA is studios: $2,180, 1-bedrooms: $1,670, 2-bedrooms: $2,090, 3-bedrooms: $3,020, 4-bedrooms: $3,540. The most common rental property sizes in Everett, WA are 2-bedroom and 3-bedroom, accounting for 42.5% and 30.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,830 | $2,730 |
| Studio Rent | $2,410 | $2,180 |
| 1 Bed Rent | $1,690 | $1,670 |
| 2 Bed Rent | $1,900 | $2,090 |
| 3 Bed Rent | $3,000 | $3,020 |
| 4 Bed Rent | $3,550 | $3,540 |
% 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 34. This is a increase of 16.0% 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 42.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $761,000 | -6.0% |
Listing Count | 128 | -15.0% |
| Listings as % of Homes | 0.3% | -15.0% |
Days on Market | 34 | 16.0% |
Demographics — Everett, WA
As of the latest ACS Survey released in 2023, Everett, WA has a population of 60,600, which has increased by 5.8% over the past 5 years. Everett, WA is a moderately popular place for families, as children make up 22.0% of the population. The area has a moderately educated workforce, with 34.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 60,600 | 5.8% |
% Under 18 | 22.0% | -4.8% |
% Seniors | 13.7% | 16.1% |
% WFH | 15.9% | 194.4% |
% w/ College Degree | 34.3% | 5.5% |
As of the latest ACS Survey released in 2023, Everett, WA is a predominantly white area, with 54.7% of the population identifying as white. The white population has shrunk by 15.3% in the last 5 years. The second most common race or ethnicity in Everett, WA is asian, making up 17.1% of the population. Foreign-born residents account for 26.7% of the population in Everett, WA, and this percentage has increased by 34.2% 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 | 54.7% | -15.3% |
% Black | 5.3% | 29.3% |
% Hispanic | 14.4% | 15.2% |
% Asian | 17.1% | 40.2% |
% Foreign Born | 26.7% | 34.2% |
Mortgage and Risk — Everett, WA
According to HUD data as of 2023, there were 896 mortgage originations in Everett, WA, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 17.0% above 90% LTV (elevated). This implies medium 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 | 896 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% 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 15.1%. This is considered high, suggesting that the neighborhood is heavily 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 | 1,140 |
Total Units Section 8 | 1,140 |
% Rentals under Section 8 | 15.1% |
% Occupied Section 8 | 89.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $380 | $1,690 | $2,070 |
| 2 Bedroom | $510 | $1,900 | $2,410 |
| 3 Bedroom | $180 | $3,000 | $3,180 |
| 4 Bedroom | $150 | $3,550 | $3,700 |
Affordability — Everett, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.7 |
| Median Home Price | $749,000 |
| Median Household Income | $103,000 |