Salmon Creek, Vancouver, WA—98686
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Salmon Creek, Vancouver, WA
As of Oct '25, the median home price in Salmon Creek, Vancouver, WA is $583,000, with a year-over-year change of -0.1%. This indicates that home prices in Salmon Creek, Vancouver, 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 | $583,000 | -0.1% |
| Single Family | $593,000 | 0.0% |
| Condos | $258,000 | -4.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $212,000 | -5.4% |
2 Bed | $330,000 | -2.7% |
3 Bed | $536,000 | 0.2% |
4 Bed | $665,000 | 0.0% |
| 5 Bed | $757,000 | -0.5% |
% of Housing Stock
Rental Trends — Salmon Creek, Vancouver, WA
As of July '25, Rentcast reports the average rent in Salmon Creek, Vancouver, WA is $2,630, with a year-over-year rent change of 0.4%. Per bedroom, the median rent as of July '25 in Salmon Creek, Vancouver, WA is 1-bedrooms: $1,650, 2-bedrooms: $1,680, 3-bedrooms: $2,920, 4-bedrooms: $3,000. The most common rental property sizes in Salmon Creek, Vancouver, WA are 2-bedroom and 3-bedroom, accounting for 40.9% and 29.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,630 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,620 | $1,650 |
| 2 Bed Rent | $1,700 | $1,680 |
| 3 Bed Rent | $2,700 | $2,920 |
| 4 Bed Rent | $3,000 | $3,000 |
% of Rental Stock
Property Listings — Salmon Creek, Vancouver, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Salmon Creek, Vancouver, WA is 67. This is a increase of 9.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $661,000 | 4.0% |
Listing Count | 172 | 19.0% |
| Listings as % of Homes | 1.1% | 19.0% |
Days on Market | 67 | 9.0% |
Demographics — Salmon Creek, Vancouver, WA
As of the latest ACS Survey released in 2023, Salmon Creek, Vancouver, WA has a population of 20,600, which has increased by 2.7% over the past 5 years. Salmon Creek, Vancouver, WA is a moderately popular place for families, as children make up 22.8% of the population. The area has a moderately educated workforce, with 37.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,600 | 2.7% |
% Under 18 | 22.8% | -6.9% |
% Seniors | 19.9% | 28.4% |
% WFH | 20.5% | 230.6% |
% w/ College Degree | 37.2% | -1.1% |
As of the latest ACS Survey released in 2023, Salmon Creek, Vancouver, WA is a predominantly white area, with 73.9% of the population identifying as white. The white population has shrunk by 12.0% in the last 5 years. The second most common race or ethnicity in Salmon Creek, Vancouver, WA is hispanic, making up 8.8% of the population. Foreign-born residents account for 9.5% of the population in Salmon Creek, Vancouver, WA, and this percentage has decreased by 7.8% 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 | 73.9% | -12.0% |
% Black | 1.8% | 157.1% |
% Hispanic | 8.8% | 63.0% |
% Asian | 5.8% | 23.4% |
% Foreign Born | 9.5% | -7.8% |
Mortgage and Risk — Salmon Creek, Vancouver, WA
According to HUD data as of 2023, there were 445 mortgage originations in Salmon Creek, Vancouver, WA, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Salmon Creek, Vancouver, WA. Investor activity is low, as 1.0% 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 | 445 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Salmon Creek, Vancouver, WA
As of 2024, the percent of homes in Salmon Creek, Vancouver, WA under the Section 8 program is 1.8%. 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 Salmon Creek, 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 | 42 |
Total Units Section 8 | 42 |
% Rentals under Section 8 | 1.8% |
% Occupied Section 8 | 66.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $250 | $1,620 | $1,870 |
| 2 Bedroom | $430 | $1,700 | $2,130 |
| 3 Bedroom | $220 | $2,700 | $2,920 |
| 4 Bedroom | $430 | $3,000 | $3,430 |
Affordability — Salmon Creek, Vancouver, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $583,000 |
| Median Household Income | $102,000 |