Morton, WA—98356
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Morton, WA
As of Oct '25, the median home price in Morton, WA is $345,000, with a year-over-year change of -0.5%. This indicates that home prices in Morton, WA are flat. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $345,000 | -0.5% |
| Single Family | $347,000 | -0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Morton, WA
As of July '25, Rentcast reports the average rent in Morton, WA is $1,230, with a year-over-year rent change of 2.5%. Per bedroom, the median rent as of July '25 in Morton, WA is 1-bedrooms: $714, 2-bedrooms: $1,750. The most common rental property sizes in Morton, WA are 2-bedroom and 3-bedroom, accounting for 50.3% and 21.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $714 | $1,230 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $714 | $714 |
| 2 Bed Rent | $1,750 | $1,750 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Morton, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Morton, WA is 101. This is a increase of 12.0% 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 56.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $421,000 | -1.0% |
Listing Count | 18 | 46.0% |
| Listings as % of Homes | 1.1% | 46.0% |
Days on Market | 101 | 12.0% |
Demographics — Morton, WA
As of the latest ACS Survey released in 2023, Morton, WA has a population of 2,230, which has remained stable by -0.8% over the past 5 years. Morton, WA is a less popular place for families, as children make up 13.7% of the population. The area has a poorly educated workforce, with 13.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,230 | -0.8% |
% Under 18 | 13.7% | -38.6% |
% Seniors | 32.6% | 66.3% |
% WFH | 7.4% | ∞% |
% w/ College Degree | 13.3% | 5.6% |
As of the latest ACS Survey released in 2023, Morton, WA is a predominantly white area, with 84.6% of the population identifying as white. The white population has grown by 1.9% in the last 5 years. The second most common race or ethnicity in Morton, WA is black, making up 2.1% of the population. Foreign-born residents account for 1.5% of the population in Morton, WA, and this percentage has decreased by 58.3% 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 | 84.6% | 1.9% |
% Black | 2.1% | ∞% |
% Hispanic | 1.3% | -88.2% |
% Asian | 0.4% | -50.0% |
% Foreign Born | 1.5% | -58.3% |
Mortgage and Risk — Morton, WA
According to HUD data as of 2023, there were 79 mortgage originations in Morton, WA, of which 57.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Morton, WA. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 79 |
% Conventional Loans | 57.0% |
% Government Loans | 43.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Morton, WA
Morton, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 17 |
Total Units Section 8 | 17 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $376 | $714 | $1,090 |
| 2 Bedroom | -$340 | $1,750 | $1,410 |
| 3 Bedroom | N/A | N/A | $1,880 |
| 4 Bedroom | N/A | N/A | $2,010 |
Affordability — Morton, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.7 |
| Median Home Price | $345,000 |
| Median Household Income | $49,500 |