Schneiders Prairie, WA—98502
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Schneiders Prairie, WA
As of Oct '25, the median home price in Schneiders Prairie, WA is $569,000, with a year-over-year change of 0.0%. This indicates that home prices in Schneiders Prairie, WA are flat. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $569,000 | 0.0% |
| Single Family | $575,000 | 0.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $466,000 | 0.4% |
2 Bed | $459,000 | -0.2% |
3 Bed | $572,000 | 0.2% |
4 Bed | $632,000 | 0.3% |
| 5 Bed | $708,000 | 0.0% |
% of Housing Stock
Rental Trends — Schneiders Prairie, WA
As of July '25, Rentcast reports the average rent in Schneiders Prairie, WA is $2,100, with a year-over-year rent change of -9.9%. Per bedroom, the median rent as of July '25 in Schneiders Prairie, WA is studios: $1,440, 1-bedrooms: $1,370, 2-bedrooms: $2,060, 3-bedrooms: $2,530, 4-bedrooms: $2,870. The most common rental property sizes in Schneiders Prairie, WA are 2-bedroom and 3-bedroom, accounting for 46.6% and 21.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,100 |
| Studio Rent | $1,400 | $1,440 |
| 1 Bed Rent | $1,340 | $1,370 |
| 2 Bed Rent | $1,950 | $2,060 |
| 3 Bed Rent | $2,450 | $2,530 |
| 4 Bed Rent | $2,800 | $2,870 |
% of Rental Stock
Property Listings — Schneiders Prairie, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Schneiders Prairie, WA is 59. This is a decrease of -12.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $639,000 | -5.0% |
Listing Count | 124 | 9.0% |
| Listings as % of Homes | 0.4% | 9.0% |
Days on Market | 59 | -12.0% |
Demographics — Schneiders Prairie, WA
As of the latest ACS Survey released in 2023, Schneiders Prairie, WA has a population of 35,000, which has remained stable by 0.7% over the past 5 years. Schneiders Prairie, WA is a moderately popular place for families, as children make up 20.5% of the population. The area has a highly educated workforce, with 51.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,000 | 0.7% |
% Under 18 | 20.5% | 15.2% |
% Seniors | 19.2% | 15.7% |
% WFH | 17.8% | 196.7% |
% w/ College Degree | 51.7% | 9.5% |
As of the latest ACS Survey released in 2023, Schneiders Prairie, WA is a predominantly white area, with 71.1% of the population identifying as white. The white population has shrunk by 11.2% in the last 5 years. The second most common race or ethnicity in Schneiders Prairie, WA is hispanic, making up 11.1% of the population. Foreign-born residents account for 7.7% of the population in Schneiders Prairie, WA, and this percentage has decreased by 7.2% 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 | 71.1% | -11.2% |
% Black | 2.7% | 50.0% |
% Hispanic | 11.1% | 65.7% |
% Asian | 6.6% | -9.6% |
% Foreign Born | 7.7% | -7.2% |
Mortgage and Risk — Schneiders Prairie, WA
According to HUD data as of 2023, there were 556 mortgage originations in Schneiders Prairie, WA, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Schneiders Prairie, WA. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 556 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Schneiders Prairie, WA
As of 2024, the percent of homes in Schneiders Prairie, WA under the Section 8 program is 11.9%. 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. 1-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Schneiders Prairie, WA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 807 |
Total Units Section 8 | 807 |
% Rentals under Section 8 | 11.9% |
% Occupied Section 8 | 85.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $200 | $1,340 | $1,540 |
| 2 Bedroom | -$160 | $1,950 | $1,790 |
| 3 Bedroom | $0 | $2,450 | $2,450 |
| 4 Bedroom | $200 | $2,800 | $3,000 |
Affordability — Schneiders Prairie, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.2 |
| Median Home Price | $569,000 |
| Median Household Income | $87,200 |