Silverlake, WA—98645
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Silverlake, WA
As of Oct '25, the median home price in Silverlake, WA is $481,000, with a year-over-year change of 0.1%. This indicates that home prices in Silverlake, WA are flat. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $481,000 | 0.1% |
| Single Family | $481,000 | 0.2% |
| 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 | $493,000 | -0.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Silverlake, WA
As of July '25, Rentcast reports the average rent in Silverlake, WA is $2,700, with a year-over-year rent change of 8.0%. Per bedroom, the median rent as of July '25 in Silverlake, WA is 2-bedrooms: $2,700. The most common rental property sizes in Silverlake, WA are 3-bedroom and 2-bedroom, accounting for 86.8% and 13.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $2,700 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,700 | $2,700 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Silverlake, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Silverlake, WA is 141. This is a increase of 176.0% 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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $503,000 | 9.0% |
Listing Count | 10 | 6.0% |
| Listings as % of Homes | 0.8% | 6.0% |
Days on Market | 141 | 176.0% |
Demographics — Silverlake, WA
As of the latest ACS Survey released in 2023, Silverlake, WA has a population of 2,200, which has increased by 62.0% over the past 5 years. Silverlake, WA is a moderately popular place for families, as children make up 18.5% of the population. The area has a moderately educated workforce, with 37.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,200 | 62.0% |
% Under 18 | 18.5% | -26.0% |
% Seniors | 34.9% | 140.7% |
% WFH | 5.7% | -53.3% |
% w/ College Degree | 37.8% | 366.7% |
As of the latest ACS Survey released in 2023, Silverlake, WA is a predominantly white area, with 85.0% of the population identifying as white. The white population has grown by 4.7% in the last 5 years. The second most common race or ethnicity in Silverlake, WA is hispanic, making up 5.1% of the population. Foreign-born residents account for 1.4% of the population in Silverlake, WA, and this percentage has increased by Inf% 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 | 85.0% | 4.7% |
% Black | 0.0% | N/A |
% Hispanic | 5.1% | -50.5% |
% Asian | 0.5% | ∞% |
% Foreign Born | 1.4% | ∞% |
Mortgage and Risk — Silverlake, WA
Silverlake, WA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip 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 |
Loan Activity
No data available
Rentals and Section 8 — Silverlake, WA
Silverlake, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 3.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,380 |
| 2 Bedroom | -$1,070 | $2,700 | $1,630 |
| 3 Bedroom | N/A | N/A | $2,280 |
| 4 Bedroom | N/A | N/A | $2,740 |
Affordability — Silverlake, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $481,000 |
| Median Household Income | $103,000 |