Snohomish, WA—98296
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 $1,034,000, 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 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,034,000 | -0.3% |
| Single Family | $1,053,000 | -0.7% |
| Condos | $543,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $479,000 | -1.4% |
2 Bed | $561,000 | 0.2% |
3 Bed | $930,000 | -1.0% |
4 Bed | $1,121,000 | -0.3% |
| 5 Bed | $1,248,000 | -0.3% |
% of Housing Stock
Rental Trends — Snohomish, WA
As of July '25, Rentcast reports the average rent in Snohomish, WA is $3,560, with a year-over-year rent change of 15.6%. Per bedroom, the median rent as of July '25 in Snohomish, WA is 2-bedrooms: $2,470, 3-bedrooms: $3,020, 4-bedrooms: $4,310. The most common rental property sizes in Snohomish, WA are 4-bedroom and 2-bedroom, accounting for 31.6% and 26.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,400 | $3,560 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,100 | $2,470 |
| 3 Bed Rent | $3,050 | $3,020 |
| 4 Bed Rent | $4,000 | $4,310 |
% 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 52. This is a decrease of -2.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,070,000 | 3.0% |
Listing Count | 118 | -6.0% |
| Listings as % of Homes | 0.4% | -6.0% |
Days on Market | 52 | -2.0% |
Demographics — Snohomish, WA
As of the latest ACS Survey released in 2023, Snohomish, WA has a population of 27,200, which has decreased by -10.4% over the past 5 years. Snohomish, WA is a moderately popular place for families, as children make up 23.1% of the population. The area has a highly educated workforce, with 47.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,200 | -10.4% |
% Under 18 | 23.1% | -12.8% |
% Seniors | 13.6% | 33.3% |
% WFH | 24.1% | 230.1% |
% w/ College Degree | 47.9% | 6.0% |
As of the latest ACS Survey released in 2023, Snohomish, WA is a predominantly white area, with 78.6% of the population identifying as white. The white population has shrunk by 0.8% in the last 5 years. The second most common race or ethnicity in Snohomish, WA is asian, making up 8.4% of the population. Foreign-born residents account for 12.7% of the population in Snohomish, WA, and this percentage has increased by 17.6% 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 | 78.6% | -0.8% |
% Black | 0.7% | -30.0% |
% Hispanic | 5.1% | -1.9% |
% Asian | 8.4% | -7.7% |
% Foreign Born | 12.7% | 17.6% |
Mortgage and Risk — Snohomish, WA
According to HUD data as of 2023, there were 344 mortgage originations in Snohomish, WA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 44.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Snohomish, WA. Investor activity is low, as 0.0% 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 | 344 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Snohomish, WA
Snohomish, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,670 |
| 2 Bedroom | $1,010 | $2,100 | $3,110 |
| 3 Bedroom | $1,050 | $3,050 | $4,100 |
| 4 Bedroom | $780 | $4,000 | $4,780 |
Affordability — Snohomish, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $1,034,000 |
| Median Household Income | $172,000 |