McChord Air Force Base, WA—98439
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in McChord Air Force Base, WA
Home Price Trends — McChord Air Force Base, WA
McChord Air Force Base, WA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — McChord Air Force Base, WA
As of July '25, Rentcast reports the average rent in McChord Air Force Base, WA is $1,630, with a year-over-year rent change of 15.6%. Per bedroom, the median rent as of July '25 in McChord Air Force Base, WA is 1-bedrooms: $1,050, 2-bedrooms: $1,590, 3-bedrooms: $2,400. The most common rental property sizes in McChord Air Force Base, WA are 3-bedroom and 2-bedroom, accounting for 36.9% and 30.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,630 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,050 | $1,050 |
| 2 Bed Rent | $1,500 | $1,590 |
| 3 Bed Rent | $2,400 | $2,400 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — McChord Air Force Base, WA
McChord Air Force Base, WA lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | N/A | N/A |
Days on Market | N/A | N/A |
Demographics — McChord Air Force Base, WA
As of the latest ACS Survey released in 2023, McChord Air Force Base, WA has a population of 5,390, which has remained stable by 0.6% over the past 5 years. McChord Air Force Base, WA is a popular place for families, as children make up 36.0% of the population. The area has a poorly educated workforce, with 14.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,390 | 0.6% |
% Under 18 | 36.0% | 11.5% |
% Seniors | 1.2% | -76.9% |
% WFH | 2.4% | ∞% |
% w/ College Degree | 14.4% | -14.3% |
As of the latest ACS Survey released in 2023, McChord Air Force Base, WA is a predominantly white area, with 43.1% of the population identifying as white. The white population has shrunk by 16.5% in the last 5 years. The second most common race or ethnicity in McChord Air Force Base, WA is hispanic, making up 31.2% of the population. Foreign-born residents account for 7.4% of the population in McChord Air Force Base, WA, and this percentage has decreased by 11.9% 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 | 43.1% | -16.5% |
% Black | 13.5% | 90.1% |
% Hispanic | 31.2% | 36.8% |
% Asian | 2.4% | -47.8% |
% Foreign Born | 7.4% | -11.9% |
Mortgage and Risk — McChord Air Force Base, WA
According to HUD data as of 2023, there were 45 mortgage originations in McChord Air Force Base, WA, of which 51.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 51.0% above 90% LTV (very high). This implies large mortgage risk in McChord Air Force Base, WA. Investor activity is low, as 4.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 45 |
% Conventional Loans | 51.0% |
% Government Loans | 49.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — McChord Air Force Base, WA
McChord Air Force Base, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 87 |
Total Units Section 8 | 87 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $400 | $1,050 | $1,450 |
| 2 Bedroom | $290 | $1,500 | $1,790 |
| 3 Bedroom | $120 | $2,400 | $2,520 |
| 4 Bedroom | N/A | N/A | $2,920 |
Affordability — McChord Air Force Base, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | $47,100 |