Silverdale, WA—98383
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Silverdale, WA
As of Oct '25, the median home price in Silverdale, WA is $590,000, with a year-over-year change of 1.4%. This indicates that home prices in Silverdale, WA are increasing. 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 | $590,000 | 1.4% |
| Single Family | $592,000 | 1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $442,000 | 0.2% |
3 Bed | $548,000 | 0.9% |
4 Bed | $665,000 | 1.4% |
| 5 Bed | $746,000 | 0.7% |
% of Housing Stock
Rental Trends — Silverdale, WA
As of July '25, Rentcast reports the average rent in Silverdale, WA is $2,130, with a year-over-year rent change of -20.2%. Per bedroom, the median rent as of July '25 in Silverdale, WA is 1-bedrooms: $1,600, 2-bedrooms: $2,040, 3-bedrooms: $2,600, 4-bedrooms: $3,100. The most common rental property sizes in Silverdale, WA are 2-bedroom and 3-bedroom, accounting for 42.7% and 32.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,130 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,600 | $1,600 |
| 2 Bed Rent | $2,000 | $2,040 |
| 3 Bed Rent | $2,650 | $2,600 |
| 4 Bed Rent | $3,100 | $3,100 |
% of Rental Stock
Property Listings — Silverdale, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Silverdale, WA is 68. This is a decrease of -23.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $682,000 | -1.0% |
Listing Count | 66 | -5.0% |
| Listings as % of Homes | 0.3% | -5.0% |
Days on Market | 68 | -23.0% |
Demographics — Silverdale, WA
As of the latest ACS Survey released in 2023, Silverdale, WA has a population of 22,000, which has increased by 3.5% over the past 5 years. Silverdale, WA is a moderately popular place for families, as children make up 19.6% of the population. The area has a moderately educated workforce, with 37.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,000 | 3.5% |
% Under 18 | 19.6% | -4.9% |
% Seniors | 19.5% | 30.0% |
% WFH | 9.5% | 31.9% |
% w/ College Degree | 37.2% | -0.3% |
As of the latest ACS Survey released in 2023, Silverdale, WA is a predominantly white area, with 69.4% of the population identifying as white. The white population has shrunk by 3.5% in the last 5 years. The second most common race or ethnicity in Silverdale, WA is asian, making up 8.3% of the population. Foreign-born residents account for 8.9% of the population in Silverdale, WA, and this percentage has increased by 6.0% 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 | 69.4% | -3.5% |
% Black | 5.8% | 75.8% |
% Hispanic | 8.0% | 23.1% |
% Asian | 8.3% | -21.7% |
% Foreign Born | 8.9% | 6.0% |
Mortgage and Risk — Silverdale, WA
According to HUD data as of 2023, there were 444 mortgage originations in Silverdale, WA, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Silverdale, WA. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 444 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Silverdale, WA
As of 2024, the percent of homes in Silverdale, WA under the Section 8 program is 4.8%. 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. In Silverdale, WA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 221 |
Total Units Section 8 | 221 |
% Rentals under Section 8 | 4.8% |
% Occupied Section 8 | 67.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $240 | $1,600 | $1,840 |
| 2 Bedroom | $410 | $2,000 | $2,410 |
| 3 Bedroom | $500 | $2,650 | $3,150 |
| 4 Bedroom | $520 | $3,100 | $3,620 |
Affordability — Silverdale, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $590,000 |
| Median Household Income | $107,000 |