Forks, WA—98331
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Forks, WA
As of Oct '25, the median home price in Forks, WA is $330,000, with a year-over-year change of -0.2%. This indicates that home prices in Forks, 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 | $330,000 | -0.2% |
| Single Family | $331,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $277,000 | 0.4% |
3 Bed | $350,000 | -0.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Forks, WA
As of July '25, Rentcast reports the average rent in Forks, WA is $705, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Forks, WA is 1-bedrooms: $705. The most common rental property sizes in Forks, WA are 2-bedroom and 3-bedroom, accounting for 42.3% and 30.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $705 | $705 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $705 | $705 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Forks, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Forks, WA is 99. This is a increase of 59.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $444,000 | 8.0% |
Listing Count | 18 | -18.0% |
| Listings as % of Homes | 0.7% | -18.0% |
Days on Market | 99 | 59.0% |
Demographics — Forks, WA
As of the latest ACS Survey released in 2023, Forks, WA has a population of 5,530, which has decreased by -15.0% over the past 5 years. Forks, WA is a moderately popular place for families, as children make up 17.9% of the population. The area has a poorly educated workforce, with 19.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,530 | -15.0% |
% Under 18 | 17.9% | -23.5% |
% Seniors | 21.1% | 75.8% |
% WFH | 15.6% | 358.8% |
% w/ College Degree | 19.1% | 46.9% |
As of the latest ACS Survey released in 2023, Forks, WA is a predominantly white area, with 63.8% of the population identifying as white. The white population has grown by 3.1% in the last 5 years. The second most common race or ethnicity in Forks, WA is hispanic, making up 17.5% of the population. Foreign-born residents account for 6.0% of the population in Forks, WA, and this percentage has decreased by 16.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 63.8% | 3.1% |
% Black | 1.2% | -71.4% |
% Hispanic | 17.5% | -19.0% |
% Asian | 4.3% | 514.3% |
% Foreign Born | 6.0% | -16.7% |
Mortgage and Risk — Forks, WA
According to HUD data as of 2023, there were 60 mortgage originations in Forks, WA, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Forks, WA. Investor activity is low, as 3.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 60 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 3.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Forks, WA
Forks, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 95 |
Total Units Section 8 | 81 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 88.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $275 | $705 | $980 |
| 2 Bedroom | N/A | N/A | $1,130 |
| 3 Bedroom | N/A | N/A | $1,570 |
| 4 Bedroom | N/A | N/A | $1,860 |
Affordability — Forks, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.4 |
| Median Home Price | $330,000 |
| Median Household Income | $48,300 |