Medical Lake, WA—99022
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Medical Lake, WA
As of Nov '25, the median home price in Medical Lake, WA is $418,000, with a year-over-year change of 1.4%. This indicates that home prices in Medical Lake, WA are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $418,000 | 1.4% |
| Single Family | $418,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $358,000 | 2.3% |
3 Bed | $409,000 | 1.5% |
4 Bed | $456,000 | 1.1% |
| 5 Bed | $490,627 | 0.6% |
% of Housing Stock
Rental Trends — Medical Lake, WA
As of July '25, Rentcast reports the average rent in Medical Lake, WA is $1,690, with a year-over-year rent change of -12.9%. Per bedroom, the median rent as of July '25 in Medical Lake, WA is studios: $600, 2-bedrooms: $1,440, 3-bedrooms: $2,020, 4-bedrooms: $2,280. The most common rental property sizes in Medical Lake, WA are 2-bedroom and 3-bedroom, accounting for 37.1% and 25.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $1,690 |
| Studio Rent | $600 | $600 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,000 | $1,440 |
| 3 Bed Rent | $2,000 | $2,020 |
| 4 Bed Rent | $2,200 | $2,280 |
% of Rental Stock
Property Listings — Medical Lake, WA
As of Nov '25, Realtor.com reports that the median days on market for a home in Medical Lake, WA is 58. This is a increase of 26.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $517,000 | 20.0% |
Listing Count | 31 | -18.0% |
| Listings as % of Homes | 0.8% | -18.0% |
Days on Market | 58 | 26.0% |
Demographics — Medical Lake, WA
As of the latest ACS Survey released in 2023, Medical Lake, WA has a population of 9,400, which has increased by 10.7% over the past 5 years. Medical Lake, WA is a moderately popular place for families, as children make up 19.5% of the population. The area has a moderately educated workforce, with 31.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,400 | 10.7% |
% Under 18 | 19.5% | -4.9% |
% Seniors | 14.6% | -8.2% |
% WFH | 11.5% | 271.0% |
% w/ College Degree | 31.4% | 16.7% |
As of the latest ACS Survey released in 2023, Medical Lake, WA is a predominantly white area, with 87.5% of the population identifying as white. The white population has grown by 3.4% in the last 5 years. The second most common race or ethnicity in Medical Lake, WA is hispanic, making up 6.9% of the population. Foreign-born residents account for 4.6% of the population in Medical Lake, WA, and this percentage has decreased by 50.0% 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 | 87.5% | 3.4% |
% Black | 2.2% | 450.0% |
% Hispanic | 6.9% | 91.7% |
% Asian | 0.9% | -73.5% |
% Foreign Born | 4.6% | -50.0% |
Mortgage and Risk — Medical Lake, WA
According to HUD data as of 2023, there were 194 mortgage originations in Medical Lake, WA, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Medical Lake, WA. Investor activity is low, as 2.0% 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 | 194 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 18.0% |
Rentals and Section 8 — Medical Lake, WA
Medical Lake, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 8 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $920 |
| 2 Bedroom | $180 | $1,000 | $1,180 |
| 3 Bedroom | -$340 | $2,000 | $1,660 |
| 4 Bedroom | -$280 | $2,200 | $1,920 |
Affordability — Medical Lake, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $418,000 |
| Median Household Income | $90,800 |