Fife, WA—98424
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fife, WA
As of Oct '25, the median home price in Fife, WA is $552,000, with a year-over-year change of -0.8%. This indicates that home prices in Fife, WA are flat. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $552,000 | -0.8% |
| Single Family | $558,000 | -0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $420,000 | -0.2% |
3 Bed | $541,000 | -0.7% |
4 Bed | $606,000 | -0.5% |
| 5 Bed | $651,000 | -1.2% |
% of Housing Stock
Rental Trends — Fife, WA
As of July '25, Rentcast reports the average rent in Fife, WA is $2,110, with a year-over-year rent change of -11.7%. Per bedroom, the median rent as of July '25 in Fife, WA is studios: $1,490, 1-bedrooms: $1,540, 2-bedrooms: $2,080, 3-bedrooms: $2,760, 4-bedrooms: $3,420. The most common rental property sizes in Fife, WA are 2-bedroom and 1-bedroom, accounting for 41.7% and 38.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,770 | $2,110 |
| Studio Rent | $1,220 | $1,490 |
| 1 Bed Rent | $1,500 | $1,540 |
| 2 Bed Rent | $1,900 | $2,080 |
| 3 Bed Rent | $2,900 | $2,760 |
| 4 Bed Rent | $3,350 | $3,420 |
% of Rental Stock
Property Listings — Fife, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Fife, WA is 45. This is a decrease of -18.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $545,000 | -12.0% |
Listing Count | 23 | 33.0% |
| Listings as % of Homes | 0.1% | 33.0% |
Days on Market | 45 | -18.0% |
Demographics — Fife, WA
As of the latest ACS Survey released in 2023, Fife, WA has a population of 11,900, which has increased by 4.4% over the past 5 years. Fife, WA is a popular place for families, as children make up 26.4% of the population. The area has a moderately educated workforce, with 27.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,900 | 4.4% |
% Under 18 | 26.4% | -2.6% |
% Seniors | 7.7% | 10.0% |
% WFH | 10.6% | 186.5% |
% w/ College Degree | 27.8% | 9.4% |
As of the latest ACS Survey released in 2023, Fife, WA is a predominantly white area, with 41.0% of the population identifying as white. The white population has shrunk by 11.6% in the last 5 years. The second most common race or ethnicity in Fife, WA is asian, making up 16.1% of the population. Foreign-born residents account for 24.2% of the population in Fife, WA, and this percentage has increased by 25.4% 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 | 41.0% | -11.6% |
% Black | 11.2% | 16.7% |
% Hispanic | 16.0% | 10.3% |
% Asian | 16.1% | 11.8% |
% Foreign Born | 24.2% | 25.4% |
Mortgage and Risk — Fife, WA
According to HUD data as of 2023, there were 148 mortgage originations in Fife, WA, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Fife, WA. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 148 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Fife, WA
As of 2024, the percent of homes in Fife, WA under the Section 8 program is 5.4%. 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 Fife, 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 | 122 |
Total Units Section 8 | 122 |
% Rentals under Section 8 | 5.4% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $350 | $1,500 | $1,850 |
| 2 Bedroom | $370 | $1,900 | $2,270 |
| 3 Bedroom | $280 | $2,900 | $3,180 |
| 4 Bedroom | $280 | $3,350 | $3,630 |
Affordability — Fife, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $552,000 |
| Median Household Income | $93,600 |