Maple Valley, Washington Housing Market Prices
Maple Valley 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 20% above the Washington median$580,827
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Median rent 37% above the Washington median$2,404
Housing Market Overview
| Metric | Maple Valley | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $580,827 | $485,016 | $248,835 |
| Price Trend (Annual %) | 13.9% | 10.9% | 7.5% |
| Median Gross Rent | $2,404 | $1,759 | $1,407 |
| Rent Trend (Annual %) | 4.5% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Maple Valley is about 20% higher than in Washington. Rent is about 37% higher than the Washington average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Maple Valley, up about 13.9% and 4.5% a year respectively. Home prices are changing faster.
Median rent in Maple Valley rose about 44.9% between 2015 and 2024, from $1,659 to $2,404. Over the same span, rent in Washington rose about 73.4%.
Affordability
On average, housing unit costs 3.8 yearly household incomes in Maple Valley.
Buying the median-priced home in Maple Valley costs roughly 20.1 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 Maple Valley. The price-to-rent ratio in Washington is about 23.0.
| Metric | Maple Valley | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $580,827 | $485,016 | $248,835 |
| Median Household Income | $154,387 | $98,224 | $80,455 |
| Price-to-Income Ratio | 3.8 | 4.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Maple Valley rose about 115.0%, while median household income rose about 58.4% 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 | Maple Valley | Washington Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 83.8% | 59.1% | 58.5% |
| Rental Rate | 14.1% | 33.6% | 31.2% |
| Vacancy Rate | 2.1% | 7.3% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Maple Valley has a homeownership rate of 83.8%, higher than the Washington average of 59.1%. Its housing vacancy rate is 2.1%, compared with 7.3% in Washington.
Housing Stock
| Metric | Maple Valley | Washington Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.02 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1998 | 1983 | 1978 |
| Median Number of Rooms | 6.7 | 5.5 | 5.5 |
The typical housing unit in Maple Valley was built around 1998. On average, 3.0 people live in a home with about 6.7 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Maple Valley, Washington.
What is the median home price in Maple Valley, Washington?
The median home price in Maple Valley, Washington is $580,827, higher than the Washington average of $485,016.
What is the average home price in Maple Valley, Washington?
The typical home price in Maple Valley, Washington, reported as the median sale price, is $580,827. 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 Maple Valley, Washington?
The median gross rent in Maple Valley, Washington is $2,404 per month, higher than the Washington average of $1,759.
What was the median gross rent in Maple Valley in 2020?
In 2020, the median gross rent in Maple Valley, Washington was $2,042 per month.
What is the price-to-rent ratio in Maple Valley, Washington?
The price-to-rent ratio in Maple Valley, Washington is about 20.1, meaning it would take roughly 20.1 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 Maple Valley.
Are home prices or rent rising faster in Maple Valley, Washington?
Both home prices and rent are rising in Maple Valley, up about 13.9% and 4.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Maple Valley, Washington?
83.8% of households in Maple Valley, Washington own their home, higher than the Washington average of 59.1%.
What is the vacancy rate in Maple Valley, Washington?
The housing vacancy rate in Maple Valley, Washington is 2.1%, lower than the Washington average of 7.3%.
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