Loon Lake, WA—99148
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Loon Lake, WA
As of Oct '25, the median home price in Loon Lake, WA is $415,000, with a year-over-year change of 2.2%. This indicates that home prices in Loon Lake, WA are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $415,000 | 2.2% |
| Single Family | $415,000 | 2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $386,000 | 2.1% |
3 Bed | $489,000 | 0.4% |
4 Bed | $670,000 | -1.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Loon Lake, WA
As of July '25, Rentcast reports the average rent in Loon Lake, WA is $1,500, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Loon Lake, WA is 2-bedrooms: $1,500. The most common rental property sizes in Loon Lake, WA are 3-bedroom and 2-bedroom, accounting for 31.4% and 30.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,500 | $1,500 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Loon Lake, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Loon Lake, WA is 47. This is a increase of 8.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $600,000 | 16.0% |
Listing Count | 11 | 4.0% |
| Listings as % of Homes | 0.2% | 4.0% |
Days on Market | 47 | 8.0% |
Demographics — Loon Lake, WA
As of the latest ACS Survey released in 2023, Loon Lake, WA has a population of 2,380, which has increased by 29.1% over the past 5 years. Loon Lake, WA is a less popular place for families, as children make up 14.5% of the population. The area has a moderately educated workforce, with 30.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,380 | 29.1% |
% Under 18 | 14.5% | 15.1% |
% Seniors | 29.7% | -3.6% |
% WFH | 10.8% | 107.7% |
% w/ College Degree | 30.4% | 51.2% |
As of the latest ACS Survey released in 2023, Loon Lake, WA is a predominantly white area, with 87.3% of the population identifying as white. The white population has shrunk by 8.5% in the last 5 years. The second most common race or ethnicity in Loon Lake, WA is hispanic, making up 2.6% of the population. Foreign-born residents account for 0.7% of the population in Loon Lake, WA, and this percentage has increased by 75.0% 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 | 87.3% | -8.5% |
% Black | 0.0% | N/A |
% Hispanic | 2.6% | 73.3% |
% Asian | 1.0% | 400.0% |
% Foreign Born | 0.7% | 75.0% |
Mortgage and Risk — Loon Lake, WA
According to HUD data as of 2023, there were 35 mortgage originations in Loon Lake, WA, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Loon Lake, WA. Investor activity is low, as 0.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 35 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 0.0% |
% Second Loans | 14.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Loon Lake, WA
Loon Lake, 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 | 4.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $870 |
| 2 Bedroom | -$400 | $1,500 | $1,100 |
| 3 Bedroom | N/A | N/A | $1,540 |
| 4 Bedroom | N/A | N/A | $1,850 |
Affordability — Loon Lake, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $415,000 |
| Median Household Income | $74,700 |