Cascade Park West, Vancouver, WA—98683
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cascade Park West, Vancouver, WA
As of Oct '25, the median home price in Cascade Park West, Vancouver, WA is $554,000, with a year-over-year change of -0.9%. This indicates that home prices in Cascade Park West, Vancouver, WA are flat. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $554,000 | -0.9% |
| Single Family | $565,000 | -0.7% |
| Condos | $355,000 | -1.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $470,000 | 0.0% |
3 Bed | $515,000 | -0.6% |
4 Bed | $619,000 | -1.3% |
| 5 Bed | $726,000 | -1.8% |
% of Housing Stock
Rental Trends — Cascade Park West, Vancouver, WA
As of July '25, Rentcast reports the average rent in Cascade Park West, Vancouver, WA is $2,380, with a year-over-year rent change of -4.8%. Per bedroom, the median rent as of July '25 in Cascade Park West, Vancouver, WA is studios: $1,390, 1-bedrooms: $1,530, 2-bedrooms: $1,810, 3-bedrooms: $2,780, 4-bedrooms: $4,140. The most common rental property sizes in Cascade Park West, Vancouver, WA are 2-bedroom and 1-bedroom, accounting for 42.4% and 26.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,380 |
| Studio Rent | $1,380 | $1,390 |
| 1 Bed Rent | $1,500 | $1,530 |
| 2 Bed Rent | $1,800 | $1,810 |
| 3 Bed Rent | $2,500 | $2,780 |
| 4 Bed Rent | $3,200 | $4,140 |
% of Rental Stock
Property Listings — Cascade Park West, Vancouver, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Cascade Park West, Vancouver, WA is 68. This is a increase of 38.0% 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 42.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $600,000 | 2.0% |
Listing Count | 114 | 11.0% |
| Listings as % of Homes | 0.4% | 11.0% |
Days on Market | 68 | 38.0% |
Demographics — Cascade Park West, Vancouver, WA
As of the latest ACS Survey released in 2023, Cascade Park West, Vancouver, WA has a population of 31,600, which has decreased by -4.9% over the past 5 years. Cascade Park West, Vancouver, 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 41.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,600 | -4.9% |
% Under 18 | 18.5% | -15.1% |
% Seniors | 22.1% | 17.6% |
% WFH | 18.5% | 176.1% |
% w/ College Degree | 41.5% | 15.0% |
As of the latest ACS Survey released in 2023, Cascade Park West, Vancouver, WA is a predominantly white area, with 64.8% of the population identifying as white. The white population has shrunk by 10.2% in the last 5 years. The second most common race or ethnicity in Cascade Park West, Vancouver, WA is hispanic, making up 13.2% of the population. Foreign-born residents account for 13.9% of the population in Cascade Park West, Vancouver, WA, and this percentage has decreased by 0.7% 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 | 64.8% | -10.2% |
% Black | 1.7% | 6.2% |
% Hispanic | 13.2% | 15.8% |
% Asian | 10.7% | 23.0% |
% Foreign Born | 13.9% | -0.7% |
Mortgage and Risk — Cascade Park West, Vancouver, WA
According to HUD data as of 2023, there were 157 mortgage originations in Cascade Park West, Vancouver, WA, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Cascade Park West, Vancouver, WA. Investor activity is low, as 4.0% 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 | 157 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Cascade Park West, Vancouver, WA
As of 2024, the percent of homes in Cascade Park West, Vancouver, WA under the Section 8 program is 3.6%. 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. In Cascade Park West, Vancouver, WA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 229 |
Total Units Section 8 | 229 |
% Rentals under Section 8 | 3.6% |
% Occupied Section 8 | 66.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $260 | $1,500 | $1,760 |
| 2 Bedroom | $210 | $1,800 | $2,010 |
| 3 Bedroom | $260 | $2,500 | $2,760 |
| 4 Bedroom | $40 | $3,200 | $3,240 |
Affordability — Cascade Park West, Vancouver, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.3 |
| Median Home Price | $554,000 |
| Median Household Income | $83,800 |