Pacific, WA—98047
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pacific, WA
As of Oct '25, the median home price in Pacific, WA is $544,000, with a year-over-year change of 0.3%. This indicates that home prices in Pacific, WA are flat. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $544,000 | 0.3% |
| Single Family | $546,000 | 0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $412,000 | -1.9% |
3 Bed | $524,000 | 0.2% |
4 Bed | $609,000 | -0.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pacific, WA
As of July '25, Rentcast reports the average rent in Pacific, WA is $2,350, with a year-over-year rent change of 26.3%. Per bedroom, the median rent as of July '25 in Pacific, WA is 2-bedrooms: $1,940, 3-bedrooms: $3,350. The most common rental property sizes in Pacific, WA are 2-bedroom and 3-bedroom, accounting for 44.7% and 26.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,150 | $2,350 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,980 | $1,940 |
| 3 Bed Rent | $2,900 | $3,350 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Pacific, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Pacific, WA is 24. This is a increase of 19.0% 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 60.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $494,000 | -14.0% |
Listing Count | 10 | -12.0% |
| Listings as % of Homes | 0.4% | -12.0% |
Days on Market | 24 | 19.0% |
Demographics — Pacific, WA
As of the latest ACS Survey released in 2023, Pacific, WA has a population of 6,900, which has decreased by -1.8% over the past 5 years. Pacific, WA is a popular place for families, as children make up 28.5% of the population. The area has a poorly educated workforce, with 17.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,900 | -1.8% |
% Under 18 | 28.5% | 9.2% |
% Seniors | 10.2% | 3.0% |
% WFH | 10.4% | 940.0% |
% w/ College Degree | 17.8% | -5.3% |
As of the latest ACS Survey released in 2023, Pacific, WA is a predominantly white area, with 49.6% of the population identifying as white. The white population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in Pacific, WA is hispanic, making up 23.7% of the population. Foreign-born residents account for 23.3% of the population in Pacific, WA, and this percentage has increased by 73.9% 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 | 49.6% | -0.6% |
% Black | 6.5% | 54.8% |
% Hispanic | 23.7% | 7.7% |
% Asian | 8.1% | -49.1% |
% Foreign Born | 23.3% | 73.9% |
Mortgage and Risk — Pacific, WA
According to HUD data as of 2023, there were 72 mortgage originations in Pacific, WA, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Pacific, WA. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 72 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Pacific, WA
Pacific, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 52 |
Total Units Section 8 | 52 |
% Rentals under Section 8 | 5.5% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,050 |
| 2 Bedroom | $410 | $1,980 | $2,390 |
| 3 Bedroom | $260 | $2,900 | $3,160 |
| 4 Bedroom | N/A | N/A | $3,680 |
Affordability — Pacific, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $544,000 |
| Median Household Income | $103,000 |