Downtown Vancouver, Vancouver, WA—98660
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Downtown Vancouver, Vancouver, WA
As of Oct '25, the median home price in Downtown Vancouver, Vancouver, WA is $458,000, with a year-over-year change of -1.6%. This indicates that home prices in Downtown Vancouver, Vancouver, WA are decreasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $458,000 | -1.6% |
| Single Family | $472,000 | -1.5% |
| Condos | $360,000 | -2.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $296,000 | -4.8% |
2 Bed | $409,000 | -1.9% |
3 Bed | $481,000 | -1.4% |
4 Bed | $600,000 | 0.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Downtown Vancouver, Vancouver, WA
As of July '25, Rentcast reports the average rent in Downtown Vancouver, Vancouver, WA is $1,740, with a year-over-year rent change of -2.2%. Per bedroom, the median rent as of July '25 in Downtown Vancouver, Vancouver, WA is studios: $1,390, 1-bedrooms: $1,730, 2-bedrooms: $1,780, 3-bedrooms: $2,550, 4-bedrooms: $3,000. The most common rental property sizes in Downtown Vancouver, Vancouver, WA are 1-bedroom and 2-bedroom, accounting for 37.9% and 33.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,740 |
| Studio Rent | $1,290 | $1,390 |
| 1 Bed Rent | $1,600 | $1,730 |
| 2 Bed Rent | $1,600 | $1,780 |
| 3 Bed Rent | $2,600 | $2,550 |
| 4 Bed Rent | $3,000 | $3,000 |
% of Rental Stock
Property Listings — Downtown Vancouver, Vancouver, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Downtown Vancouver, Vancouver, WA is 74. This is a decrease of -2.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $534,000 | -17.0% |
Listing Count | 49 | -1.0% |
| Listings as % of Homes | 0.3% | -1.0% |
Days on Market | 74 | -2.0% |
Demographics — Downtown Vancouver, Vancouver, WA
As of the latest ACS Survey released in 2023, Downtown Vancouver, Vancouver, WA has a population of 13,700, which has increased by 10.9% over the past 5 years. Downtown Vancouver, Vancouver, WA is a moderately popular place for families, as children make up 17.0% of the population. The area has a moderately educated workforce, with 38.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,700 | 10.9% |
% Under 18 | 17.0% | -2.9% |
% Seniors | 16.8% | 11.3% |
% WFH | 20.9% | 178.7% |
% w/ College Degree | 38.1% | 20.6% |
As of the latest ACS Survey released in 2023, Downtown Vancouver, Vancouver, WA is a predominantly white area, with 72.8% of the population identifying as white. The white population has shrunk by 8.2% in the last 5 years. The second most common race or ethnicity in Downtown Vancouver, Vancouver, WA is hispanic, making up 12.4% of the population. Foreign-born residents account for 6.5% of the population in Downtown Vancouver, Vancouver, WA, and this percentage has decreased by 4.4% 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 | 72.8% | -8.2% |
% Black | 4.2% | 10.5% |
% Hispanic | 12.4% | 37.8% |
% Asian | 2.2% | -31.2% |
% Foreign Born | 6.5% | -4.4% |
Mortgage and Risk — Downtown Vancouver, Vancouver, WA
According to HUD data as of 2023, there were 179 mortgage originations in Downtown Vancouver, Vancouver, WA, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Downtown Vancouver, Vancouver, WA. Investor activity is low, as 6.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 179 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Downtown Vancouver, Vancouver, WA
As of 2024, the percent of homes in Downtown Vancouver, Vancouver, WA under the Section 8 program is 18.4%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Downtown Vancouver, Vancouver, WA, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 822 |
Total Units Section 8 | 762 |
% Rentals under Section 8 | 18.4% |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $0 | $1,600 | $1,600 |
| 2 Bedroom | $230 | $1,600 | $1,830 |
| 3 Bedroom | -$70 | $2,600 | $2,530 |
| 4 Bedroom | -$70 | $3,000 | $2,930 |
Affordability — Downtown Vancouver, Vancouver, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.9 |
| Median Home Price | $458,000 |
| Median Household Income | $65,100 |