Graham, WA—98338
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Graham, WA
As of Oct '25, the median home price in Graham, WA is $585,000, with a year-over-year change of -0.1%. This indicates that home prices in Graham, WA are flat. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $585,000 | -0.1% |
| Single Family | $586,000 | -0.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $514,000 | 0.0% |
3 Bed | $564,000 | 0.0% |
4 Bed | $626,000 | 0.0% |
| 5 Bed | $667,000 | -0.9% |
% of Housing Stock
Rental Trends — Graham, WA
As of July '25, Rentcast reports the average rent in Graham, WA is $2,640, with a year-over-year rent change of -4.7%. Per bedroom, the median rent as of July '25 in Graham, WA is 1-bedrooms: $1,000, 2-bedrooms: $1,880, 3-bedrooms: $2,700, 4-bedrooms: $3,030. The most common rental property sizes in Graham, WA are 3-bedroom and 2-bedroom, accounting for 39.4% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $2,640 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $1,000 |
| 2 Bed Rent | $1,800 | $1,880 |
| 3 Bed Rent | $2,700 | $2,700 |
| 4 Bed Rent | $3,100 | $3,030 |
% of Rental Stock
Property Listings — Graham, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Graham, WA is 57. This is a increase of 14.0% 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $625,000 | -5.0% |
Listing Count | 177 | 21.0% |
| Listings as % of Homes | 0.5% | 21.0% |
Days on Market | 57 | 14.0% |
Demographics — Graham, WA
As of the latest ACS Survey released in 2023, Graham, WA has a population of 32,700, which has increased by 19.0% over the past 5 years. Graham, WA is a popular place for families, as children make up 28.2% of the population. The area has a poorly educated workforce, with 18.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,700 | 19.0% |
% Under 18 | 28.2% | 11.9% |
% Seniors | 12.3% | -5.4% |
% WFH | 9.9% | 125.0% |
% w/ College Degree | 18.9% | 13.9% |
As of the latest ACS Survey released in 2023, Graham, WA is a predominantly white area, with 70.6% of the population identifying as white. The white population has shrunk by 12.8% in the last 5 years. The second most common race or ethnicity in Graham, WA is hispanic, making up 12.0% of the population. Foreign-born residents account for 6.5% of the population in Graham, WA, and this percentage has increased by 62.5% 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 | 70.6% | -12.8% |
% Black | 3.0% | 3.4% |
% Hispanic | 12.0% | 84.6% |
% Asian | 3.1% | 40.9% |
% Foreign Born | 6.5% | 62.5% |
Mortgage and Risk — Graham, WA
According to HUD data as of 2023, there were 429 mortgage originations in Graham, WA, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Graham, WA. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 429 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Graham, WA
As of 2024, the percent of homes in Graham, WA under the Section 8 program is 1.2%. 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 Graham, 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 | 28 |
Total Units Section 8 | 24 |
% Rentals under Section 8 | 1.2% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $930 | $850 | $1,780 |
| 2 Bedroom | $390 | $1,800 | $2,190 |
| 3 Bedroom | $370 | $2,700 | $3,070 |
| 4 Bedroom | $400 | $3,100 | $3,500 |
Affordability — Graham, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $585,000 |
| Median Household Income | $113,000 |