Malaga, WA—98828
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Malaga, WA
As of Oct '25, the median home price in Malaga, WA is $517,000, with a year-over-year change of 2.2%. This indicates that home prices in Malaga, WA are increasing. 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 | $517,000 | 2.2% |
| Single Family | $517,000 | 1.8% |
| 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 | $509,000 | 2.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Malaga, WA
Malaga, WA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Malaga, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Malaga, WA is 62. This is a increase of 18.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $721,000 | 10.0% |
Listing Count | 15 | -5.0% |
| Listings as % of Homes | 0.7% | -5.0% |
Days on Market | 62 | 18.0% |
Demographics — Malaga, WA
As of the latest ACS Survey released in 2023, Malaga, WA has a population of 1,880, which has decreased by -24.6% over the past 5 years. Malaga, WA is a moderately popular place for families, as children make up 23.1% of the population. The area has a poorly educated workforce, with 20.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,880 | -24.6% |
% Under 18 | 23.1% | 9.0% |
% Seniors | 24.7% | 39.5% |
% WFH | 0.0% | -100.0% |
% w/ College Degree | 20.6% | 3.0% |
As of the latest ACS Survey released in 2023, Malaga, WA is a predominantly white area, with 68.8% of the population identifying as white. The white population has shrunk by 0.4% in the last 5 years. The second most common race or ethnicity in Malaga, WA is hispanic, making up 26.7% of the population. Foreign-born residents account for 14.4% of the population in Malaga, WA, and this percentage has increased by 69.4% 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 | 68.8% | -0.4% |
% Black | 0.0% | -100.0% |
% Hispanic | 26.7% | -0.4% |
% Asian | 0.0% | N/A |
% Foreign Born | 14.4% | 69.4% |
Mortgage and Risk — Malaga, WA
According to HUD data as of 2023, there were 102 mortgage originations in Malaga, WA, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Malaga, WA. Investor activity is low, as 0.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 102 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 0.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Malaga, WA
Malaga, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 2.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,320 |
| 2 Bedroom | N/A | N/A | $1,730 |
| 3 Bedroom | N/A | N/A | $2,400 |
| 4 Bedroom | N/A | N/A | $2,840 |
Affordability — Malaga, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.9 |
| Median Home Price | $517,000 |
| Median Household Income | $83,700 |