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South Prairie—98385

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$499,000
1.7% YoY Growth
Household Income
$133,000
124.8% YoY Growth
Days on Market
87
642.0% Longer YoY
Home Price Forecast
-1.1%
Median Rent
N/A
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — South Prairie

As of May '26, the median home price in South Prairie is $499,000, with a year-over-year change of -1.7%. This indicates that home prices in South Prairie are decreasing. According to Zillow, the 1-year price projection is -1.1%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$499,000-1.7%
Single Family $499,000-1.6%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		N/AN/A
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    7.2%
    2 Bedrooms
    6.2%
    3 Bedrooms
    51.7%
    4 Bedrooms
    24.9%
    5+ Bedrooms
    10.0%

    Rental Trends — South Prairie

    South Prairie lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    2 Bedrooms
    57.1%
    4 Bedrooms
    42.9%

    Property Listings — South Prairie

    As of May '26, Realtor.com reports that the median days on market for a home in South Prairie is 87. This is a increase of 642.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$350,000-28.0%
    Listing Count
    		133.0%
    Listings as % of Homes0.5%33.0%
    Days on Market
    		87642.0%
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    Demographics — South Prairie

    As of the latest ACS Survey released in 2023, South Prairie has a population of 609, which has increased by 102.3% over the past 5 years. South Prairie is a popular place for families, as children make up 33.7% of the population. The area has a poorly educated workforce, with 20.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		609102.3%
    % Under 18
    		33.7%167.5%
    % Seniors
    		14.9%-10.2%
    % WFH
    		1.3%-79.4%
    % w/ College Degree
    		20.6%12.6%
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    As of the latest ACS Survey released in 2023, South Prairie is a predominantly white area, with 62.2% of the population identifying as white. The white population has shrunk by 28.8% in the last 5 years. The second most common race or ethnicity in South Prairie is hispanic, making up 10.2% of the population. Foreign-born residents account for 4.6% of the population in South Prairie, and this percentage has increased by 253.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		62.2%-28.8%
    % Black
    		0.0%N/A
    % Hispanic
    		10.2%410.0%
    % Asian
    		1.8%157.1%
    % Foreign Born
    		4.6%253.8%
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    Mortgage and Risk — South Prairie

    South Prairie lacks sufficient mortgage origination data for analysis.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		N/A
    % Conventional Loans
    		N/A
    % Government Loans
    		N/A
    % Investor Loans
    		N/A
    % Second Loans
    		N/A
    % Cash Out Refinance
    		N/A
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    Rentals and Section 8 — South Prairie

    South Prairie lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		N/A
    Total Units Section 8
    		N/A
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,750
    2 BedroomN/AN/A$2,160
    3 BedroomN/AN/A$3,020
    4 BedroomN/AN/A$3,450

    Affordability — South Prairie

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.5
    Median Home Price$499,000
    Median Household Income$133,000

    South Prairie — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Buckley, WA

    98321

    Bonney Lake, WA

    98391

    Wilkeson

    98396

    Orting, WA

    98360

    Sumner, WA

    98390

    Frequently Asked Questions