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McChord Air Force Base, WA—98439

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
N/A
N/A
Household Income
$47,100
13.1% YoY Growth
Days on Market
N/A
N/A
Home Price Forecast
N/A
Median Rent
$1,500
15.6% YoY Growth
1-Bed Rent
$1,050
18.6% YoY Growth
2-Bed Rent
$1,500
0.6% YoY Growth
3-Bed Rent
$2,400
N/A

Other Zip Codes in McChord Air Force Base, WA

98438
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

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 TypeMedian Home ValueYoY % Change
All Homes
N/AN/A
Single Family N/AN/A
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
N/AN/A
  • Affordability
  • Rentals and Section 8
    • 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

    Studio
    8.2%
    1 Bedroom
    12.9%
    2 Bedrooms
    33.9%
    3 Bedrooms
    36.4%
    4 Bedrooms
    8.6%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,500$1,630
    Studio Rent N/AN/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/AN/A
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    % of Rental Stock

    Studio
    10.0%
    1 Bedroom
    14.6%
    2 Bedrooms
    30.4%
    3 Bedrooms
    36.9%
    4 Bedrooms
    8.1%

    Property Listings — McChord Air Force Base, WA

    McChord Air Force Base, WA lacks sufficient listing trend data for analysis.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		N/AN/A
    Listing Count
    		N/AN/A
    Listings as % of HomesN/AN/A
    Days on Market
    		N/AN/A
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    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.

    MetricLatest CensusYoY % Change
    Population
    		5,3900.6%
    % Under 18
    		36.0%11.5%
    % Seniors
    		1.2%-76.9%
    % WFH
    		2.4%∞%
    % w/ College Degree
    		14.4%-14.3%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$400$1,050$1,450
    2 Bedroom$290$1,500$1,790
    3 Bedroom$120$2,400$2,520
    4 BedroomN/AN/A$2,920

    Affordability — McChord Air Force Base, WA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income RatioN/A
    Median Home PriceN/A
    Median Household Income$47,100

    McChord Air Force Base, WA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    McChord Air Force Base, WA

    98438

    Lakewood, WA

    98499

    Parkland, WA

    98444

    Parkland

    98447

    Lakewood, WA

    98498

    Frequently Asked Questions