Kirkland, Washington Housing Market Prices
Kirkland 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 120% above the Washington median$1,067,104
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Median rent 36% above the Washington median$2,400
Housing Market Overview
| Metric | Kirkland | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,067,104 | $485,016 | $248,835 |
| Price Trend (Annual %) | 17.4% | 10.9% | 7.5% |
| Median Gross Rent | $2,400 | $1,759 | $1,407 |
| Rent Trend (Annual %) | 5.9% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Kirkland is about 120% higher than in Washington. Rent is about 36% 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 Kirkland, up about 17.4% and 5.9% a year respectively. Home prices are changing faster.
Median rent in Kirkland rose about 67.8% between 2015 and 2024, from $1,430 to $2,400. Over the same span, rent in Washington rose about 73.4%.
Affordability
On average, housing unit costs 7.0 yearly household incomes in Kirkland.
Buying the median-priced home in Kirkland costs roughly 37.1 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 Kirkland. The price-to-rent ratio in Washington is about 23.0.
| Metric | Kirkland | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,067,104 | $485,016 | $248,835 |
| Median Household Income | $152,899 | $98,224 | $80,455 |
| Price-to-Income Ratio | 7.0 | 4.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Kirkland rose about 262.5%, while median household income rose about 76.7% 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 | Kirkland | Washington Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.8% | 59.1% | 58.5% |
| Rental Rate | 36.6% | 33.6% | 31.2% |
| Vacancy Rate | 5.6% | 7.3% | 10.2% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
Kirkland has a homeownership rate of 57.8%, lower than the Washington average of 59.1%. Its housing vacancy rate is 5.6%, compared with 7.3% in Washington.
Housing Stock
| Metric | Kirkland | Washington Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.33 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1985 | 1983 | 1978 |
| Median Number of Rooms | 5.4 | 5.5 | 5.5 |
The typical housing unit in Kirkland was built around 1985. On average, 2.3 people live in a home with about 5.4 rooms, staying for about 11.0 years on average.
Kirkland, WA Housing Compared With Nearby Cities
How Kirkland, WA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Kirkland, WA | 87,547 | $1,067,104 #2/2 | $2,400 #1/2 | 61.3% #2/2 |
| Bothell, WA | 53,988 | $1,150,754 | $2,314 | 67.6% |
Frequently Asked Questions
Common questions about the housing market in Kirkland, Washington.
What is the median home price in Kirkland, Washington?
The median home price in Kirkland, Washington is $1,067,104, higher than the Washington average of $485,016.
What is the average home price in Kirkland, Washington?
The typical home price in Kirkland, Washington, reported as the median sale price, is $1,067,104. 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 Kirkland, Washington?
The median gross rent in Kirkland, Washington is $2,400 per month, higher than the Washington average of $1,759.
What was the median gross rent in Kirkland in 2020?
In 2020, the median gross rent in Kirkland, Washington was $1,892 per month.
What is the price-to-rent ratio in Kirkland, Washington?
The price-to-rent ratio in Kirkland, Washington is about 37.1, meaning it would take roughly 37.1 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 Kirkland.
Are home prices or rent rising faster in Kirkland, Washington?
Both home prices and rent are rising in Kirkland, up about 17.4% and 5.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Kirkland, Washington?
57.8% of households in Kirkland, Washington own their home, lower than the Washington average of 59.1%.
What is the vacancy rate in Kirkland, Washington?
The housing vacancy rate in Kirkland, Washington is 5.6%, lower than the Washington average of 7.3%.
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