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 | San Juan County | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $468,420 | $471,160 | $242,182 |
| Price Trend (Annual %) | -0.3% | 12.1% | 8.2% |
| Median Gross Rent | $1,413 | $1,681 | $1,342 |
| Rent Trend (Annual %) | 5.8% | 6.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in San Juan County is about 1% lower than in Washington. Rent is about 16% lower than the Washington average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in San Juan County: home prices fell about 0.3% a year while rent rose about 5.8% a year. That is an unusual pattern worth watching.
Median rent in San Juan County rose about 46.9% between 2015 and 2023, from $962 to $1,413. Over the same span, rent in Washington rose about 65.7%.
Affordability
On average, housing unit costs 5.6 yearly household incomes in San Juan County.
Buying the median-priced home in San Juan County costs roughly 27.6 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 San Juan County. The price-to-rent ratio in Washington is about 23.4.
| Metric | San Juan County | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $468,420 | $471,160 | $242,182 |
| Median Household Income | $84,049 | $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 San Juan County rose about 0.1%, while median household income rose about 61.6% between 2009 and 2023 — 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 | San Juan County | Washington Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.8% | 59.1% | 58.2% |
| Rental Rate | 14.2% | 33.4% | 31.3% |
| Vacancy Rate | 36.0% | 7.4% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
San Juan County has a homeownership rate of 49.8%, lower than the Washington average of 59.1%. Its housing vacancy rate is 36.0%, compared with 7.4% in Washington.
Housing Stock
| Metric | San Juan County | Washington Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.02 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1988 | 1982 | 1978 |
| Median Number of Rooms | 4.8 | 5.5 | 5.5 |
The typical housing unit in San Juan County was built around 1988. On average, 2.0 people live in a home with about 4.8 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in San Juan County, Washington.
What is the median home price in San Juan County, Washington?
The median home price in San Juan County, Washington is $468,420, lower than the Washington average of $471,160.
What is the average home price in San Juan 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 San Juan County, Washington?
The median gross rent in San Juan County, Washington is $1,413 per month, lower than the Washington average of $1,681.
What was the median gross rent in San Juan County in 2020?
In 2020, the median gross rent in San Juan County, Washington was $1,086 per month.
What is the price-to-rent ratio in San Juan County, Washington?
The price-to-rent ratio in San Juan County, Washington is about 27.6, meaning it would take roughly 27.6 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 San Juan County.
Are home prices or rent rising faster in San Juan County, Washington?
Home prices and rent are moving in opposite directions in San Juan County: home prices fell about 0.3% a year while rent rose about 5.8% a year. That is an unusual pattern worth watching.
What is the homeownership rate in San Juan County, Washington?
49.8% of households in San Juan County, Washington own their home, lower than the Washington average of 59.1%.
What is the vacancy rate in San Juan County, Washington?
The housing vacancy rate in San Juan County, Washington is 36.0%, higher than the Washington average of 7.4%.