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 | Douglas County | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $457,812 | $471,160 | $242,182 |
| Price Trend (Annual %) | 15.9% | 12.1% | 8.2% |
| Median Gross Rent | $1,233 | $1,681 | $1,342 |
| Rent Trend (Annual %) | 6.4% | 6.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Douglas County is about 3% lower than in Washington. Rent is about 27% 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 Douglas County, up about 15.9% and 6.4% a year respectively. Home prices are changing faster.
Median rent in Douglas County rose about 49.7% between 2015 and 2023, from $824 to $1,233. Over the same span, rent in Washington rose about 65.7%.
Affordability
On average, housing unit costs 5.6 yearly household incomes in Douglas County.
Buying the median-priced home in Douglas County costs roughly 30.9 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 Douglas County. The price-to-rent ratio in Washington is about 23.4.
| Metric | Douglas County | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $457,812 | $471,160 | $242,182 |
| Median Household Income | $81,197 | $95,177 | $78,145 |
| Price-to-Income Ratio | 5.6 | 5.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Douglas County rose about 218.2%, while median household income rose about 70.7% 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 | Douglas County | Washington Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.6% | 59.1% | 58.2% |
| Rental Rate | 28.0% | 33.4% | 31.3% |
| Vacancy Rate | 11.4% | 7.4% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Douglas County has a homeownership rate of 60.6%, higher than the Washington average of 59.1%. Its housing vacancy rate is 11.4%, compared with 7.4% in Washington.
Housing Stock
| Metric | Douglas County | Washington Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.74 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1978 | 1982 | 1978 |
| Median Number of Rooms | 5.6 | 5.5 | 5.5 |
The typical housing unit in Douglas County was built around 1978. On average, 2.7 people live in a home with about 5.6 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Douglas County, Washington.
What is the median home price in Douglas County, Washington?
The median home price in Douglas County, Washington is $457,812, lower than the Washington average of $471,160.
What is the average home price in Douglas 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 Douglas County, Washington?
The median gross rent in Douglas County, Washington is $1,233 per month, lower than the Washington average of $1,681.
What was the median gross rent in Douglas County in 2020?
In 2020, the median gross rent in Douglas County, Washington was $956 per month.
What is the price-to-rent ratio in Douglas County, Washington?
The price-to-rent ratio in Douglas County, Washington is about 30.9, meaning it would take roughly 30.9 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 Douglas County.
Are home prices or rent rising faster in Douglas County, Washington?
Both home prices and rent are rising in Douglas County, up about 15.9% and 6.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Douglas County, Washington?
60.6% of households in Douglas County, Washington own their home, higher than the Washington average of 59.1%.
What is the vacancy rate in Douglas County, Washington?
The housing vacancy rate in Douglas County, Washington is 11.4%, higher than the Washington average of 7.4%.