Snohomish, WA—98290
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Snohomish, WA
Home Price Trends — Snohomish, WA
As of Oct '25, the median home price in Snohomish, WA is $828,000, with a year-over-year change of 0.3%. This indicates that home prices in Snohomish, 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 | $828,000 | 0.3% |
| Single Family | $837,000 | 0.1% |
| Condos | $484,000 | -0.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $569,000 | 1.8% |
2 Bed | $616,000 | 1.0% |
3 Bed | $775,000 | -0.3% |
4 Bed | $990,000 | 0.9% |
| 5 Bed | $1,078,000 | 0.7% |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% of Rental Stock
Property Listings — Snohomish, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Snohomish, WA is 45. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,000,000 | 0.0% |
Listing Count | 132 | 4.0% |
| Listings as % of Homes | 0.4% | 4.0% |
Days on Market | 45 | 1.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,700 | 10.4% |
% Under 18 | 21.8% | -4.4% |
% Seniors | 16.9% | 15.0% |
% WFH | 16.5% | 114.3% |
% w/ College Degree | 38.1% | 32.3% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $828,000 |
| Median Household Income | $130,000 |