Forks, WA 98331 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Forks, WA—98331

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$326,000

0.0% YoY Growth

Household Income

$48,300

24.2% YoY Growth

Days on Market

30.0% Longer YoY

Home Price Forecast

1.2%

Median Rent

$705

0.0% YoY Growth

1-Bed Rent

$705

0.0% YoY Growth

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Forks, WA

As of Nov '25, the median home price in Forks, WA is $326,000, with a year-over-year change of 0.0%. This indicates that home prices in Forks, WA are flat. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$326,000	0.0%
Single Family	$326,000	0.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Forks, WA

As of July '25, Rentcast reports the average rent in Forks, WA is $705, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Forks, WA is 1-bedrooms: $705. The most common rental property sizes in Forks, WA are 2-bedroom and 3-bedroom, accounting for 42.3% and 30.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$705	$705
Studio Rent	N/A	N/A
1 Bed Rent	$705	$705
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

1.6%

1 Bedroom

17.8%

2 Bedrooms

42.3%

3 Bedrooms

30.2%

4 Bedrooms

8.1%

Property Listings — Forks, WA

As of Nov '25, Realtor.com reports that the median days on market for a home in Forks, WA is 56. This is a increase of 30.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$425,000	6.0%
Listing Count	14	-25.0%
Listings as % of Homes	0.7%	-25.0%
Days on Market	56	30.0%

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Demographics — Forks, WA

As of the latest ACS Survey released in 2023, Forks, WA has a population of 5,530, which has decreased by -15.0% over the past 5 years. Forks, WA is a moderately popular place for families, as children make up 17.9% of the population. The area has a poorly educated workforce, with 19.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	5,530	-15.0%
% Under 18	17.9%	-23.5%
% Seniors	21.1%	75.8%
% WFH	15.6%	358.8%
% w/ College Degree	19.1%	46.9%

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As of the latest ACS Survey released in 2023, Forks, WA is a predominantly white area, with 63.8% of the population identifying as white. The white population has grown by 3.1% in the last 5 years. The second most common race or ethnicity in Forks, WA is hispanic, making up 17.5% of the population. Foreign-born residents account for 6.0% of the population in Forks, WA, and this percentage has decreased by 16.7% 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	63.8%	3.1%
% Black	1.2%	-71.4%
% Hispanic	17.5%	-19.0%
% Asian	4.3%	514.3%
% Foreign Born	6.0%	-16.7%

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Mortgage and Risk — Forks, WA

According to HUD data as of 2023, there were 60 mortgage originations in Forks, WA, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Forks, WA. Investor activity is low, as 3.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	60
% Conventional Loans	63.0%
% Government Loans	37.0%
% Investor Loans	3.0%
% Second Loans	7.0%
% Cash Out Refinance	17.0%

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Rentals and Section 8 — Forks, WA

Forks, WA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	95
Total Units Section 8	81
% Rentals under Section 8	N/A
% Occupied Section 8	88.4%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$275	$705	$980
2 Bedroom	N/A	N/A	$1,130
3 Bedroom	N/A	N/A	$1,570
4 Bedroom	N/A	N/A	$1,860

Forks, WA—98331

Key Metrics at a Glance

Home Price Trends — Forks, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Forks, WA

% of Rental Stock

Property Listings — Forks, WA

Demographics — Forks, WA

Race and Ethnicity

Mortgage and Risk — Forks, WA

Mortgages

Rentals and Section 8 — Forks, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Forks, WA

Home Price to Income Ratio

Forks, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Sappho, WA

Amanda Park, WA

Neilton

Port Angeles, WA

Santiago

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6.3
Median Home Price	$326,000
Median Household Income	$48,300

Forks, WA—98331

Key Metrics at a Glance

Home Price Trends — Forks, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Forks, WA

% of Rental Stock

Property Listings — Forks, WA

Demographics — Forks, WA

Race and Ethnicity

Mortgage and Risk — Forks, WA

Mortgages

Rentals and Section 8 — Forks, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Forks, WA

Home Price to Income Ratio

Forks, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Sappho, WA

Amanda Park, WA

Neilton

Port Angeles, WA

Santiago

Frequently Asked Questions

What is the average home price in Forks, WA 98331?

How have home prices in Forks, WA 98331 changed over the past year?

What is the home price projection for Forks, WA 98331?

What are the demographics of Forks, WA 98331?

How long does it take homes to sell in Forks, WA 98331?

What is the average rent price in Forks, WA 98331?