Greenbank, WA—98253
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Greenbank, WA
As of Oct '25, the median home price in Greenbank, WA is $747,000, with a year-over-year change of 0.2%. This indicates that home prices in Greenbank, 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 | $747,000 | 0.2% |
| Single Family | $747,000 | -0.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $575,000 | 0.3% |
2 Bed | $767,000 | -0.4% |
3 Bed | $856,000 | -0.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Greenbank, WA
As of July '25, Rentcast reports the average rent in Greenbank, WA is $2,400, with a year-over-year rent change of -23.8%. Per bedroom, the median rent as of July '25 in Greenbank, WA is 1-bedrooms: $2,750, 2-bedrooms: $2,220. The most common rental property sizes in Greenbank, WA are 2-bedroom and 3-bedroom, accounting for 60.8% and 21.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,250 | $2,400 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,750 | $2,750 |
| 2 Bed Rent | $2,200 | $2,220 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Greenbank, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Greenbank, WA is 98. This is a increase of 31.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $737,000 | -23.0% |
Listing Count | 16 | 67.0% |
| Listings as % of Homes | 0.3% | 67.0% |
Days on Market | 98 | 31.0% |
Demographics — Greenbank, WA
As of the latest ACS Survey released in 2023, Greenbank, WA has a population of 2,140, which has increased by 25.1% over the past 5 years. Greenbank, WA is a less popular place for families, as children make up 9.3% of the population. The area has a highly educated workforce, with 55.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,140 | 25.1% |
% Under 18 | 9.3% | -18.4% |
% Seniors | 48.8% | 26.1% |
% WFH | 28.8% | 7.1% |
% w/ College Degree | 55.6% | 32.4% |
As of the latest ACS Survey released in 2023, Greenbank, WA is a predominantly white area, with 86.8% of the population identifying as white. The white population has shrunk by 10.2% in the last 5 years. The second most common race or ethnicity in Greenbank, WA is hispanic, making up 5.3% of the population. Foreign-born residents account for 6.4% of the population in Greenbank, WA, and this percentage has increased by 220.0% 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 | 86.8% | -10.2% |
% Black | 0.0% | N/A |
% Hispanic | 5.3% | 194.4% |
% Asian | 0.5% | ∞% |
% Foreign Born | 6.4% | 220.0% |
Mortgage and Risk — Greenbank, WA
According to HUD data as of 2023, there were 76 mortgage originations in Greenbank, WA, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Greenbank, WA. Investor activity is low, as 0.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 76 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 0.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Greenbank, WA
Greenbank, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,550 | $2,750 | $1,200 |
| 2 Bedroom | -$740 | $2,200 | $1,460 |
| 3 Bedroom | N/A | N/A | $2,050 |
| 4 Bedroom | N/A | N/A | $2,380 |
Affordability — Greenbank, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.1 |
| Median Home Price | $747,000 |
| Median Household Income | $73,400 |