Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Clallam County | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $473,410 | $471,160 | $242,182 |
| Price Trend (Annual %) | 13.0% | 12.1% | 8.2% |
| Median Gross Rent | $1,109 | $1,681 | $1,342 |
| Rent Trend (Annual %) | 3.9% | 6.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Clallam County is about the same as in Washington. Rent is about 34% lower than the Washington average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Clallam County, up about 13.0% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Clallam County rose about 35.0% between 2015 and 2023, from $822 to $1,109. Over the same span, rent in Washington rose about 65.7%.
Affordability
On average, housing unit costs 7.0 yearly household incomes in Clallam County.
Buying the median-priced home in Clallam County costs roughly 35.6 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 Clallam County. The price-to-rent ratio in Washington is about 23.4.
| Metric | Clallam County | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $473,410 | $471,160 | $242,182 |
| Median Household Income | $68,100 | $95,177 | $78,145 |
| Price-to-Income Ratio | 7.0 | 5.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Clallam County rose about 130.2%, while median household income rose about 53.5% between 2009 and 2023 — 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 | Clallam County | Washington Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.3% | 59.1% | 58.2% |
| Rental Rate | 24.5% | 33.4% | 31.3% |
| Vacancy Rate | 10.2% | 7.4% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Clallam County has a homeownership rate of 65.3%, higher than the Washington average of 59.1%. Its housing vacancy rate is 10.2%, compared with 7.4% in Washington.
Housing Stock
| Metric | Clallam County | Washington Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.22 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1981 | 1982 | 1978 |
| Median Number of Rooms | 5.5 | 5.5 | 5.5 |
The typical housing unit in Clallam County was built around 1981. On average, 2.2 people live in a home with about 5.5 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Clallam County, Washington.
What is the median home price in Clallam County, Washington?
The median home price in Clallam County, Washington is $473,410, about the same as the Washington average.
What is the average home price in Clallam County, Washington?
The typical home price in %s, reported as the median sale price, is %s. 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 Clallam County, Washington?
The median gross rent in Clallam County, Washington is $1,109 per month, lower than the Washington average of $1,681.
What was the median gross rent in Clallam County in 2020?
In 2020, the median gross rent in Clallam County, Washington was $971 per month.
What is the price-to-rent ratio in Clallam County, Washington?
The price-to-rent ratio in Clallam County, Washington is about 35.6, meaning it would take roughly 35.6 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 Clallam County.
Are home prices or rent rising faster in Clallam County, Washington?
Both home prices and rent are rising in Clallam County, up about 13.0% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Clallam County, Washington?
65.3% of households in Clallam County, Washington own their home, higher than the Washington average of 59.1%.
What is the vacancy rate in Clallam County, Washington?
The housing vacancy rate in Clallam County, Washington is 10.2%, higher than the Washington average of 7.4%.