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Snohomish, WA—98290

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$823,000
0.2% YoY Growth
Household Income
$130,000
40.6% YoY Growth
Days on Market
66
12.0% Shorter YoY
Home Price Forecast
0.5%
Median Rent
$2,700
7.5% YoY Growth
1-Bed Rent
$985
23.0% YoY Growth
2-Bed Rent
$2,600
19.8% YoY Growth
3-Bed Rent
$2,700
10.4% YoY Growth

Other Zip Codes in Snohomish, WA

98296
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Snohomish, WA

As of Dec '25, the median home price in Snohomish, WA is $823,000, with a year-over-year change of 0.2%. This indicates that home prices in Snohomish, WA are flat. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$823,0000.2%
Single Family $832,0000.1%
Condos $482,000-0.2%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $562,000
    1.6%
    2 Bed
    		$611,0000.8%
    3 Bed
    		$771,000-0.3%
    4 Bed
    		$987,0000.8%
    5 Bed $1,075,3950.5%
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    % of Housing Stock

    Studio
    1.9%
    1 Bedroom
    5.5%
    2 Bedrooms
    18.6%
    3 Bedrooms
    40.7%
    4 Bedrooms
    27.7%
    5+ Bedrooms
    5.6%

    Rental Trends — Snohomish, WA

    As of July '25, Rentcast reports the average rent in Snohomish, WA is $2,730, with a year-over-year rent change of -7.5%. Per bedroom, the median rent as of July '25 in Snohomish, WA is studios: $1,750, 1-bedrooms: $1,170, 2-bedrooms: $2,540, 3-bedrooms: $2,760, 4-bedrooms: $3,600. The most common rental property sizes in Snohomish, WA are 2-bedroom and 3-bedroom, accounting for 38.7% and 25.0% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,700$2,730
    Studio Rent $1,750$1,750
    1 Bed Rent $985$1,170
    2 Bed Rent $2,600$2,540
    3 Bed Rent $2,700$2,760
    4 Bed Rent $3,500$3,600
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    % of Rental Stock

    Studio
    7.3%
    1 Bedroom
    19.5%
    2 Bedrooms
    38.7%
    3 Bedrooms
    25.0%
    4 Bedrooms
    8.8%
    5+ Bedrooms
    0.7%

    Property Listings — Snohomish, WA

    As of Dec '25, Realtor.com reports that the median days on market for a home in Snohomish, WA is 46. This is a decrease of -5.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$1,010,0003.0%
    Listing Count
    		772.0%
    Listings as % of Homes0.4%2.0%
    Days on Market
    		66-12.0%
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    Demographics — Snohomish, WA

    As of the latest ACS Survey released in 2023, Snohomish, WA has a population of 39,700, which has increased by 10.4% over the past 5 years. Snohomish, WA is a moderately popular place for families, as children make up 21.8% of the population. The area has a moderately educated workforce, with 38.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		39,70010.4%
    % Under 18
    		21.8%-4.4%
    % Seniors
    		16.9%15.0%
    % WFH
    		16.5%114.3%
    % w/ College Degree
    		38.1%32.3%
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    As of the latest ACS Survey released in 2023, Snohomish, WA is a predominantly white area, with 82.4% of the population identifying as white. The white population has shrunk by 7.1% in the last 5 years. The second most common race or ethnicity in Snohomish, WA is hispanic, making up 7.5% of the population. Foreign-born residents account for 6.8% of the population in Snohomish, WA, and this percentage has increased by 30.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		82.4%-7.1%
    % Black
    		0.8%166.7%
    % Hispanic
    		7.5%44.2%
    % Asian
    		2.7%68.8%
    % Foreign Born
    		6.8%30.8%
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    Mortgage and Risk — Snohomish, WA

    According to HUD data as of 2023, there were 601 mortgage originations in Snohomish, WA, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Snohomish, WA. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		601
    % Conventional Loans
    		89.0%
    % Government Loans
    		11.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		9.0%
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    Rentals and Section 8 — Snohomish, WA

    As of 2024, the percent of homes in Snohomish, WA under the Section 8 program is 5.0%. 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. 1-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Snohomish, WA, because HUD payments exceed market rent, while 2-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		122
    Total Units Section 8
    		122
    % Rentals under Section 8
    		5.0%
    % Occupied Section 8
    		90.2%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$1,065$985$2,050
    2 Bedroom-$210$2,600$2,390
    3 Bedroom$460$2,700$3,160
    4 Bedroom$180$3,500$3,680

    Affordability — Snohomish, WA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.7
    Median Home Price$823,000
    Median Household Income$130,000

    Snohomish, WA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Lake Stevens, WA

    98258

    Monroe, WA

    98272

    Snohomish, WA

    98296

    Marysville, WA

    98270

    Everett, WA

    98201

    Frequently Asked Questions