Medical Lake, WA 99022 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Medical Lake, WA—99022

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$434,000

2.1% YoY Growth

Household Income

$90,800

42.8% YoY Growth

Days on Market

9.0% Shorter YoY

Home Price Forecast

-1.5%

Median Rent

$1,950

12.9% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,000

18.0% YoY Growth

3-Bed Rent

$2,000

4.7% YoY Growth

Home Price Trends — Medical Lake, WA

As of May '26, the median home price in Medical Lake, WA is $434,000, with a year-over-year change of 2.1%. This indicates that home prices in Medical Lake, WA are increasing. According to Zillow, the 1-year price projection is -1.5%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$434,000	2.1%
Single Family	$434,000	1.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Medical Lake, WA

As of July '25, Rentcast reports the average rent in Medical Lake, WA is $1,690, with a year-over-year rent change of -12.9%. Per bedroom, the median rent as of July '25 in Medical Lake, WA is studios: $600, 2-bedrooms: $1,440, 3-bedrooms: $2,020, 4-bedrooms: $2,280. The most common rental property sizes in Medical Lake, WA are 2-bedroom and 3-bedroom, accounting for 37.1% and 25.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,950	$1,690
Studio Rent	$600	$600
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,000	$1,440
3 Bed Rent	$2,000	$2,020
4 Bed Rent	$2,200	$2,280

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% of Rental Stock

Studio

12.7%

1 Bedroom

24.4%

2 Bedrooms

37.1%

3 Bedrooms

25.7%

Property Listings — Medical Lake, WA

As of May '26, Realtor.com reports that the median days on market for a home in Medical Lake, WA is 35. This is a decrease of -9.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$515,000	-34.0%
Listing Count	49	27.0%
Listings as % of Homes	0.8%	27.0%
Days on Market	35	-9.0%

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Demographics — Medical Lake, WA

As of the latest ACS Survey released in 2023, Medical Lake, WA has a population of 9,400, which has increased by 10.7% over the past 5 years. Medical Lake, WA is a moderately popular place for families, as children make up 19.5% of the population. The area has a moderately educated workforce, with 31.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	9,400	10.7%
% Under 18	19.5%	-4.9%
% Seniors	14.6%	-8.2%
% WFH	11.5%	271.0%
% w/ College Degree	31.4%	16.7%

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As of the latest ACS Survey released in 2023, Medical Lake, WA is a predominantly white area, with 87.5% of the population identifying as white. The white population has grown by 3.4% in the last 5 years. The second most common race or ethnicity in Medical Lake, WA is hispanic, making up 6.9% of the population. Foreign-born residents account for 4.6% of the population in Medical Lake, WA, and this percentage has decreased by 50.0% 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	87.5%	3.4%
% Black	2.2%	450.0%
% Hispanic	6.9%	91.7%
% Asian	0.9%	-73.5%
% Foreign Born	4.6%	-50.0%

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Mortgage and Risk — Medical Lake, WA

According to HUD data as of 2023, there were 194 mortgage originations in Medical Lake, WA, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Medical Lake, WA. Investor activity is low, as 2.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	194
% Conventional Loans	69.0%
% Government Loans	31.0%
% Investor Loans	2.0%
% Second Loans	1.0%
% Cash Out Refinance	18.0%

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Rentals and Section 8 — Medical Lake, WA

Medical Lake, WA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	8
Total Units Section 8	8
% Rentals under Section 8	1.0%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$920
2 Bedroom	$180	$1,000	$1,180
3 Bedroom	-$340	$2,000	$1,660
4 Bedroom	-$280	$2,200	$1,920

Medical Lake, WA—99022

Key Metrics at a Glance

Home Price Trends — Medical Lake, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Medical Lake, WA

% of Rental Stock

Property Listings — Medical Lake, WA

Demographics — Medical Lake, WA

Race and Ethnicity

Mortgage and Risk — Medical Lake, WA

Mortgages

Rentals and Section 8 — Medical Lake, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Medical Lake, WA

Home Price to Income Ratio

Medical Lake, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Fairchild Air Force Base, WA

Airway Heights, WA

Reardan, WA

Latah Valley, Spokane, WA

Cheney, WA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.6
Median Home Price	$434,000
Median Household Income	$90,800

Medical Lake, WA—99022

Key Metrics at a Glance

Home Price Trends — Medical Lake, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Medical Lake, WA

% of Rental Stock

Property Listings — Medical Lake, WA

Demographics — Medical Lake, WA

Race and Ethnicity

Mortgage and Risk — Medical Lake, WA

Mortgages

Rentals and Section 8 — Medical Lake, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Medical Lake, WA

Home Price to Income Ratio

Medical Lake, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Fairchild Air Force Base, WA

Airway Heights, WA

Reardan, WA

Latah Valley, Spokane, WA

Cheney, WA

Frequently Asked Questions

What is the average home price in Medical Lake, WA 99022?

How have home prices in Medical Lake, WA 99022 changed over the past year?

What is the home price projection for Medical Lake, WA 99022?

What are the demographics of Medical Lake, WA 99022?

How long does it take homes to sell in Medical Lake, WA 99022?

What is the average rent price in Medical Lake, WA 99022?