Salmon Creek, Washington Housing Market Prices
Salmon Creek 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 88% below the Washington median$59,557
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Median rent 4% below the Washington median$1,696
Housing Market Overview
| Metric | Salmon Creek | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $59,557 | $485,016 | $248,835 |
| Price Trend (Annual %) | 84.4% | 10.9% | 7.5% |
| Median Gross Rent | $1,696 | $1,759 | $1,407 |
| Rent Trend (Annual %) | 6.7% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Salmon Creek is about 88% lower than in Washington. Rent is about 4% lower 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 Salmon Creek, up about 84.4% and 6.7% a year respectively. Home prices are changing faster.
Median rent in Salmon Creek rose about 69.5% between 2015 and 2024, from $1,001 to $1,696. Over the same span, rent in Washington rose about 73.4%.
Affordability
On average, housing unit costs 0.5 yearly household incomes in Salmon Creek.
Buying the median-priced home in Salmon Creek costs roughly 2.9 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Salmon Creek. The price-to-rent ratio in Washington is about 23.0.
| Metric | Salmon Creek | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $59,557 | $485,016 | $248,835 |
| Median Household Income | $113,110 | $98,224 | $80,455 |
| Price-to-Income Ratio | 0.5 | 4.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Salmon Creek fell about 73.5%, while median household income rose about 53.9% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Salmon Creek | Washington Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 75.3% | 59.1% | 58.5% |
| Rental Rate | 22.6% | 33.6% | 31.2% |
| Vacancy Rate | 2.1% | 7.3% | 10.2% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Salmon Creek has a homeownership rate of 75.3%, higher than the Washington average of 59.1%. Its housing vacancy rate is 2.1%, compared with 7.3% in Washington.
Housing Stock
| Metric | Salmon Creek | Washington Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.55 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1988 | 1983 | 1978 |
| Median Number of Rooms | 6.6 | 5.5 | 5.5 |
The typical housing unit in Salmon Creek was built around 1988. On average, 2.5 people live in a home with about 6.6 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Salmon Creek, Washington.
What is the median home price in Salmon Creek, Washington?
The median home price in Salmon Creek, Washington is $59,557, lower than the Washington average of $485,016.
What is the average home price in Salmon Creek, Washington?
The typical home price in Salmon Creek, Washington, reported as the median sale price, is $59,557. 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 Salmon Creek, Washington?
The median gross rent in Salmon Creek, Washington is $1,696 per month, lower than the Washington average of $1,759.
What was the median gross rent in Salmon Creek in 2020?
In 2020, the median gross rent in Salmon Creek, Washington was $1,295 per month.
What is the price-to-rent ratio in Salmon Creek, Washington?
The price-to-rent ratio in Salmon Creek, Washington is about 2.9, meaning it would take roughly 2.9 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Salmon Creek.
Are home prices or rent rising faster in Salmon Creek, Washington?
Both home prices and rent are rising in Salmon Creek, up about 84.4% and 6.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Salmon Creek, Washington?
75.3% of households in Salmon Creek, Washington own their home, higher than the Washington average of 59.1%.
What is the vacancy rate in Salmon Creek, Washington?
The housing vacancy rate in Salmon Creek, Washington is 2.1%, lower than the Washington average of 7.3%.
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