Auburn, Washington Housing Market Prices
Auburn Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 1% above the Washington median$491,823
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Median rent 1% above the Washington median$1,775
Housing Market Overview
| Metric | Auburn | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $491,823 | $485,016 | $248,835 |
| Price Trend (Annual %) | 11.3% | 10.9% | 7.5% |
| Median Gross Rent | $1,775 | $1,759 | $1,407 |
| Rent Trend (Annual %) | 6.6% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Auburn is about 1% higher than in Washington. Rent is about 1% higher than the Washington average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Auburn, up about 11.3% and 6.6% a year respectively. Home prices are changing faster.
Median rent in Auburn rose about 72.2% between 2015 and 2024, from $1,031 to $1,775. Over the same span, rent in Washington rose about 73.4%.
Affordability
On average, housing unit costs 5.2 yearly household incomes in Auburn.
Buying the median-priced home in Auburn costs roughly 23.1 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Auburn. The price-to-rent ratio in Washington is about 23.0.
| Metric | Auburn | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $491,823 | $485,016 | $248,835 |
| Median Household Income | $95,406 | $98,224 | $80,455 |
| Price-to-Income Ratio | 5.2 | 4.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Auburn rose about 122.3%, while median household income rose about 69.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Auburn | Washington Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.2% | 59.1% | 58.5% |
| Rental Rate | 37.4% | 33.6% | 31.2% |
| Vacancy Rate | 4.4% | 7.3% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Auburn has a homeownership rate of 58.2%, lower than the Washington average of 59.1%. Its housing vacancy rate is 4.4%, compared with 7.3% in Washington.
Housing Stock
| Metric | Auburn | Washington Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.80 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1988 | 1983 | 1978 |
| Median Number of Rooms | 5.5 | 5.5 | 5.5 |
The typical housing unit in Auburn was built around 1988. On average, 2.8 people live in a home with about 5.5 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Auburn, Washington.
What is the median home price in Auburn, Washington?
The median home price in Auburn, Washington is $491,823, higher than the Washington average of $485,016.
What is the average home price in Auburn, Washington?
The typical home price in Auburn, Washington, reported as the median sale price, is $491,823. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Auburn, Washington?
The median gross rent in Auburn, Washington is $1,775 per month, higher than the Washington average of $1,759.
What was the median gross rent in Auburn in 2020?
In 2020, the median gross rent in Auburn, Washington was $1,301 per month.
What is the price-to-rent ratio in Auburn, Washington?
The price-to-rent ratio in Auburn, Washington is about 23.1, meaning it would take roughly 23.1 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Auburn.
Are home prices or rent rising faster in Auburn, Washington?
Both home prices and rent are rising in Auburn, up about 11.3% and 6.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Auburn, Washington?
58.2% of households in Auburn, Washington own their home, lower than the Washington average of 59.1%.
What is the vacancy rate in Auburn, Washington?
The housing vacancy rate in Auburn, Washington is 4.4%, lower than the Washington average of 7.3%.
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