Concrete, WA—98237
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Concrete, WA
As of Oct '25, the median home price in Concrete, WA is $245,000, with a year-over-year change of 0.1%. This indicates that home prices in Concrete, WA are flat. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $245,000 | 0.1% |
| Single Family | $246,000 | 0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $225,000 | -0.9% |
2 Bed | $343,000 | 0.0% |
3 Bed | $481,000 | 1.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Concrete, WA
As of July '25, Rentcast reports the average rent in Concrete, WA is $2,400, with a year-over-year rent change of 31.9%. Per bedroom, the median rent as of July '25 in Concrete, WA is 3-bedrooms: $2,400. The most common rental property sizes in Concrete, WA are 3-bedroom and 2-bedroom, accounting for 41.3% and 23.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,400 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,400 | $2,400 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Concrete, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Concrete, WA is 63. This is a increase of 53.0% 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 | $599,000 | -4.0% |
Listing Count | 31 | 57.0% |
| Listings as % of Homes | 0.6% | 57.0% |
Days on Market | 63 | 53.0% |
Demographics — Concrete, WA
As of the latest ACS Survey released in 2023, Concrete, WA has a population of 5,110, which has increased by 17.2% over the past 5 years. Concrete, WA is a moderately popular place for families, as children make up 24.6% of the population. The area has a poorly educated workforce, with 13.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,110 | 17.2% |
% Under 18 | 24.6% | 33.0% |
% Seniors | 21.8% | 8.5% |
% WFH | 7.6% | -10.6% |
% w/ College Degree | 13.1% | -14.4% |
As of the latest ACS Survey released in 2023, Concrete, WA is a predominantly white area, with 78.9% of the population identifying as white. The white population has shrunk by 9.4% in the last 5 years. The second most common race or ethnicity in Concrete, WA is hispanic, making up 11.5% of the population. Foreign-born residents account for 3.5% of the population in Concrete, WA, and this percentage has increased by 94.4% 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 | 78.9% | -9.4% |
% Black | 0.4% | ∞% |
% Hispanic | 11.5% | 71.6% |
% Asian | 0.4% | -63.6% |
% Foreign Born | 3.5% | 94.4% |
Mortgage and Risk — Concrete, WA
According to HUD data as of 2023, there were 93 mortgage originations in Concrete, WA, of which 57.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Concrete, WA. Investor activity is low, as 0.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 93 |
% Conventional Loans | 57.0% |
% Government Loans | 43.0% |
% Investor Loans | 0.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Concrete, WA
Concrete, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 30 |
Total Units Section 8 | 30 |
% Rentals under Section 8 | 9.1% |
% Occupied Section 8 | 62.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,280 |
| 2 Bedroom | N/A | N/A | $1,680 |
| 3 Bedroom | -$50 | $2,400 | $2,350 |
| 4 Bedroom | N/A | N/A | $2,560 |
Affordability — Concrete, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $245,000 |
| Median Household Income | $70,400 |