Hoquiam, WA—98550
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hoquiam, WA
As of Oct '25, the median home price in Hoquiam, WA is $241,000, with a year-over-year change of -2.3%. This indicates that home prices in Hoquiam, WA are decreasing. According to Zillow, the 1-year price projection is -1.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $241,000 | -2.3% |
| Single Family | $241,000 | -3.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $196,000 | -6.2% |
3 Bed | $268,000 | -2.2% |
4 Bed | $291,000 | -1.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hoquiam, WA
As of July '25, Rentcast reports the average rent in Hoquiam, WA is $1,430, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Hoquiam, WA is 1-bedrooms: $873, 2-bedrooms: $1,500, 3-bedrooms: $1,750, 4-bedrooms: $1,740. The most common rental property sizes in Hoquiam, WA are 2-bedroom and 3-bedroom, accounting for 34.8% and 21.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,430 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $840 | $873 |
| 2 Bed Rent | $1,500 | $1,500 |
| 3 Bed Rent | $1,800 | $1,750 |
| 4 Bed Rent | $1,680 | $1,740 |
% of Rental Stock
Property Listings — Hoquiam, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Hoquiam, WA is 84. This is a increase of 24.0% 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 | $299,000 | 6.0% |
Listing Count | 86 | 46.0% |
| Listings as % of Homes | 0.8% | 46.0% |
Days on Market | 84 | 24.0% |
Demographics — Hoquiam, WA
As of the latest ACS Survey released in 2023, Hoquiam, WA has a population of 12,300, which has increased by 12.0% over the past 5 years. Hoquiam, WA is a moderately popular place for families, as children make up 20.1% of the population. The area has a poorly educated workforce, with 19.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,300 | 12.0% |
% Under 18 | 20.1% | -3.4% |
% Seniors | 22.4% | -1.3% |
% WFH | 7.7% | 156.7% |
% w/ College Degree | 19.0% | 9.2% |
As of the latest ACS Survey released in 2023, Hoquiam, WA is a predominantly white area, with 81.7% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Hoquiam, WA is hispanic, making up 6.3% of the population. Foreign-born residents account for 4.0% of the population in Hoquiam, WA, and this percentage has increased by 33.3% 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 | 81.7% | -2.2% |
% Black | 1.4% | 250.0% |
% Hispanic | 6.3% | -18.2% |
% Asian | 1.7% | 13.3% |
% Foreign Born | 4.0% | 33.3% |
Mortgage and Risk — Hoquiam, WA
According to HUD data as of 2023, there were 239 mortgage originations in Hoquiam, WA, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Hoquiam, WA. Investor activity is low, as 3.0% 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 | 239 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Hoquiam, WA
Hoquiam, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 229 |
Total Units Section 8 | 229 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 87.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $840 | $890 |
| 2 Bedroom | -$350 | $1,500 | $1,150 |
| 3 Bedroom | -$190 | $1,800 | $1,610 |
| 4 Bedroom | $120 | $1,680 | $1,800 |
Affordability — Hoquiam, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $241,000 |
| Median Household Income | $56,900 |