Driftwood Shores, WA—98282
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Driftwood Shores, WA
As of Oct '25, the median home price in Driftwood Shores, WA is $721,000, with a year-over-year change of -0.5%. This indicates that home prices in Driftwood Shores, WA are flat. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $721,000 | -0.5% |
| Single Family | $723,000 | -1.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $572,000 | -1.0% |
2 Bed | $662,000 | -0.7% |
3 Bed | $765,000 | -1.2% |
4 Bed | $991,000 | -1.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Driftwood Shores, WA
As of July '25, Rentcast reports the average rent in Driftwood Shores, WA is $2,810, with a year-over-year rent change of 1.4%. Per bedroom, the median rent as of July '25 in Driftwood Shores, WA is 1-bedrooms: $1,650, 2-bedrooms: $2,650, 3-bedrooms: $3,040. The most common rental property sizes in Driftwood Shores, WA are 3-bedroom and 2-bedroom, accounting for 51.5% and 37.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,670 | $2,810 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,650 | $1,650 |
| 2 Bed Rent | $2,650 | $2,650 |
| 3 Bed Rent | $2,800 | $3,040 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Driftwood Shores, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Driftwood Shores, WA is 70. This is a increase of 23.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $892,000 | -6.0% |
Listing Count | 139 | 16.0% |
| Listings as % of Homes | 0.6% | 16.0% |
Days on Market | 70 | 23.0% |
Demographics — Driftwood Shores, WA
As of the latest ACS Survey released in 2023, Driftwood Shores, WA has a population of 17,500, which has increased by 6.7% over the past 5 years. Driftwood Shores, WA is a less popular place for families, as children make up 13.4% of the population. The area has a moderately educated workforce, with 34.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,500 | 6.7% |
% Under 18 | 13.4% | -15.7% |
% Seniors | 31.9% | 6.3% |
% WFH | 19.0% | 201.6% |
% w/ College Degree | 34.2% | -1.7% |
As of the latest ACS Survey released in 2023, Driftwood Shores, WA is a predominantly white area, with 88.6% of the population identifying as white. The white population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in Driftwood Shores, WA is hispanic, making up 3.2% of the population. Foreign-born residents account for 5.3% of the population in Driftwood Shores, WA, and this percentage has decreased by 8.6% 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 | 88.6% | -4.1% |
% Black | 2.0% | 900.0% |
% Hispanic | 3.2% | -11.1% |
% Asian | 2.6% | 36.8% |
% Foreign Born | 5.3% | -8.6% |
Mortgage and Risk — Driftwood Shores, WA
According to HUD data as of 2023, there were 452 mortgage originations in Driftwood Shores, WA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Driftwood Shores, WA. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 452 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 1.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Driftwood Shores, WA
Driftwood Shores, 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 | 1.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $400 | $1,650 | $2,050 |
| 2 Bedroom | -$260 | $2,650 | $2,390 |
| 3 Bedroom | $360 | $2,800 | $3,160 |
| 4 Bedroom | N/A | N/A | $3,680 |
Affordability — Driftwood Shores, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7 |
| Median Home Price | $721,000 |
| Median Household Income | $100,000 |