Edmonds, Washington Housing Market Prices
Edmonds 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 73% above the Washington median$840,252
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Median rent 9% above the Washington median$1,917
Housing Market Overview
| Metric | Edmonds | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $840,252 | $485,016 | $248,835 |
| Price Trend (Annual %) | 14.6% | 10.9% | 7.5% |
| Median Gross Rent | $1,917 | $1,759 | $1,407 |
| Rent Trend (Annual %) | 6.0% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Edmonds is about 73% higher than in Washington. Rent is about 9% 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 Edmonds, up about 14.6% and 6.0% a year respectively. Home prices are changing faster.
Median rent in Edmonds rose about 66.2% between 2015 and 2024, from $1,153 to $1,917. Over the same span, rent in Washington rose about 73.4%.
Affordability
On average, housing unit costs 6.9 yearly household incomes in Edmonds.
Buying the median-priced home in Edmonds costs roughly 36.5 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 Edmonds. The price-to-rent ratio in Washington is about 23.0.
| Metric | Edmonds | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $840,252 | $485,016 | $248,835 |
| Median Household Income | $122,157 | $98,224 | $80,455 |
| Price-to-Income Ratio | 6.9 | 4.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Edmonds rose about 174.7%, while median household income rose about 63.8% 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 | Edmonds | Washington Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.9% | 59.1% | 58.5% |
| Rental Rate | 27.6% | 33.6% | 31.2% |
| Vacancy Rate | 4.5% | 7.3% | 10.2% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Edmonds has a homeownership rate of 67.9%, higher than the Washington average of 59.1%. Its housing vacancy rate is 4.5%, compared with 7.3% in Washington.
Housing Stock
| Metric | Edmonds | Washington Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.28 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1974 | 1983 | 1978 |
| Median Number of Rooms | 6.0 | 5.5 | 5.5 |
The typical housing unit in Edmonds was built around 1974. On average, 2.3 people live in a home with about 6.0 rooms, staying for about 14.0 years on average.
Edmonds, WA Housing Compared With Nearby Cities
How Edmonds, WA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Edmonds, WA | 42,432 | $840,252 #2/2 | $1,917 #2/2 | 71.1% #1/2 |
| Shoreline, WA | 59,587 | $1,150,950 | $1,977 | 67.2% |
Frequently Asked Questions
Common questions about the housing market in Edmonds, Washington.
What is the median home price in Edmonds, Washington?
The median home price in Edmonds, Washington is $840,252, higher than the Washington average of $485,016.
What is the average home price in Edmonds, Washington?
The typical home price in Edmonds, Washington, reported as the median sale price, is $840,252. 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 Edmonds, Washington?
The median gross rent in Edmonds, Washington is $1,917 per month, higher than the Washington average of $1,759.
What was the median gross rent in Edmonds in 2020?
In 2020, the median gross rent in Edmonds, Washington was $1,519 per month.
What is the price-to-rent ratio in Edmonds, Washington?
The price-to-rent ratio in Edmonds, Washington is about 36.5, meaning it would take roughly 36.5 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 Edmonds.
Are home prices or rent rising faster in Edmonds, Washington?
Both home prices and rent are rising in Edmonds, up about 14.6% and 6.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Edmonds, Washington?
67.9% of households in Edmonds, Washington own their home, higher than the Washington average of 59.1%.
What is the vacancy rate in Edmonds, Washington?
The housing vacancy rate in Edmonds, Washington is 4.5%, lower than the Washington average of 7.3%.
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