Elma, WA 98541 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Elma, WA—98541

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$361,000

1.7% YoY Growth

Household Income

$64,700

32.4% YoY Growth

Days on Market

38.0% Longer YoY

Home Price Forecast

-0.1%

Median Rent

$1,290

3.0% YoY Growth

1-Bed Rent

$1,180

N/A

2-Bed Rent

$1,290

5.3% YoY Growth

3-Bed Rent

$1,550

N/A

Home Price Trends — Elma, WA

As of Nov '25, the median home price in Elma, WA is $361,000, with a year-over-year change of -1.7%. This indicates that home prices in Elma, WA are decreasing. 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	$361,000	-1.7%
Single Family	$361,000	-1.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Elma, WA

As of July '25, Rentcast reports the average rent in Elma, WA is $1,280, with a year-over-year rent change of -3.0%. Per bedroom, the median rent as of July '25 in Elma, WA is 1-bedrooms: $1,260, 2-bedrooms: $1,250, 3-bedrooms: $1,550. The most common rental property sizes in Elma, WA are 2-bedroom and 1-bedroom, accounting for 53.0% and 27.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,290	$1,280
Studio Rent	N/A	N/A
1 Bed Rent	$1,180	$1,260
2 Bed Rent	$1,290	$1,250
3 Bed Rent	$1,550	$1,550
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

2.2%

1 Bedroom

27.6%

2 Bedrooms

53.0%

3 Bedrooms

13.6%

4 Bedrooms

3.2%

5+ Bedrooms

0.3%

Property Listings — Elma, WA

As of Nov '25, Realtor.com reports that the median days on market for a home in Elma, WA is 76. This is a increase of 38.0% 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 27.0%, 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	6.0%
Listing Count	45	13.0%
Listings as % of Homes	0.4%	13.0%
Days on Market	76	38.0%

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Demographics — Elma, WA

As of the latest ACS Survey released in 2023, Elma, WA has a population of 10,300, which has remained stable by 0.7% over the past 5 years. Elma, WA is a moderately popular place for families, as children make up 21.7% of the population. The area has a poorly educated workforce, with 15.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	10,300	0.7%
% Under 18	21.7%	-8.8%
% Seniors	19.7%	1.5%
% WFH	10.6%	116.3%
% w/ College Degree	15.6%	10.6%

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As of the latest ACS Survey released in 2023, Elma, WA is a predominantly white area, with 80.3% of the population identifying as white. The white population has shrunk by 4.5% in the last 5 years. The second most common race or ethnicity in Elma, WA is hispanic, making up 13.2% of the population. Foreign-born residents account for 6.2% of the population in Elma, WA, and this percentage has increased by 40.9% 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	80.3%	-4.5%
% Black	0.7%	250.0%
% Hispanic	13.2%	22.2%
% Asian	0.1%	-75.0%
% Foreign Born	6.2%	40.9%

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Mortgage and Risk — Elma, WA

According to HUD data as of 2023, there were 133 mortgage originations in Elma, WA, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Elma, WA. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	133
% Conventional Loans	71.0%
% Government Loans	29.0%
% Investor Loans	1.0%
% Second Loans	2.0%
% Cash Out Refinance	15.0%

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Rentals and Section 8 — Elma, WA

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

Section 8 Market Size

Total Units under HUD	90
Total Units Section 8	82
% Rentals under Section 8	N/A
% Occupied Section 8	81.7%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$240	$1,180	$940
2 Bedroom	-$130	$1,290	$1,160
3 Bedroom	$80	$1,550	$1,630
4 Bedroom	N/A	N/A	$1,700

Elma, WA—98541

Key Metrics at a Glance

Home Price Trends — Elma, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Elma, WA

% of Rental Stock

Property Listings — Elma, WA

Demographics — Elma, WA

Race and Ethnicity

Mortgage and Risk — Elma, WA

Mortgages

Rentals and Section 8 — Elma, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Elma, WA

Home Price to Income Ratio

Elma, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Satsop

McCleary, WA

Oakville, WA

Matlock, WA

Montesano, WA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.5
Median Home Price	$361,000
Median Household Income	$64,700

Elma, WA—98541

Key Metrics at a Glance

Home Price Trends — Elma, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Elma, WA

% of Rental Stock

Property Listings — Elma, WA

Demographics — Elma, WA

Race and Ethnicity

Mortgage and Risk — Elma, WA

Mortgages

Rentals and Section 8 — Elma, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Elma, WA

Home Price to Income Ratio

Elma, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Satsop

McCleary, WA

Oakville, WA

Matlock, WA

Montesano, WA

Frequently Asked Questions

What is the average home price in Elma, WA 98541?

How have home prices in Elma, WA 98541 changed over the past year?

What is the home price projection for Elma, WA 98541?

What are the demographics of Elma, WA 98541?

How long does it take homes to sell in Elma, WA 98541?

What is the average rent price in Elma, WA 98541?