Shoreline, Washington Housing Market Prices
Shoreline 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 137% above the Washington median$1,150,950
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Median rent 12% above the Washington median$1,977
Housing Market Overview
| Metric | Shoreline | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,150,950 | $485,016 | $248,835 |
| Price Trend (Annual %) | 24.1% | 10.9% | 7.5% |
| Median Gross Rent | $1,977 | $1,759 | $1,407 |
| Rent Trend (Annual %) | 6.2% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Shoreline is about 137% higher than in Washington. Rent is about 12% 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 Shoreline, up about 24.1% and 6.2% a year respectively. Home prices are changing faster.
Median rent in Shoreline rose about 69.1% between 2015 and 2024, from $1,170 to $1,977. Over the same span, rent in Washington rose about 73.4%.
Affordability
On average, housing unit costs 9.6 yearly household incomes in Shoreline.
Buying the median-priced home in Shoreline costs roughly 48.5 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 Shoreline. The price-to-rent ratio in Washington is about 23.0.
| Metric | Shoreline | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,150,950 | $485,016 | $248,835 |
| Median Household Income | $119,355 | $98,224 | $80,455 |
| Price-to-Income Ratio | 9.6 | 4.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Shoreline rose about 185.0%, while median household income rose about 69.5% 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 | Shoreline | Washington Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.8% | 59.1% | 58.5% |
| Rental Rate | 31.7% | 33.6% | 31.2% |
| Vacancy Rate | 3.5% | 7.3% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Shoreline has a homeownership rate of 64.8%, higher than the Washington average of 59.1%. Its housing vacancy rate is 3.5%, compared with 7.3% in Washington.
Housing Stock
| Metric | Shoreline | Washington Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.44 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1970 | 1983 | 1978 |
| Median Number of Rooms | 5.7 | 5.5 | 5.5 |
The typical housing unit in Shoreline was built around 1970. On average, 2.4 people live in a home with about 5.7 rooms, staying for about 15.0 years on average.
Shoreline, WA Housing Compared With Nearby Cities
How Shoreline, WA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Shoreline, WA | 59,587 | $1,150,950 #1/2 | $1,977 #1/2 | 67.2% #2/2 |
| Edmonds, WA | 42,432 | $840,252 | $1,917 | 71.1% |
Frequently Asked Questions
Common questions about the housing market in Shoreline, Washington.
What is the median home price in Shoreline, Washington?
The median home price in Shoreline, Washington is $1,150,950, higher than the Washington average of $485,016.
What is the average home price in Shoreline, Washington?
The typical home price in Shoreline, Washington, reported as the median sale price, is $1,150,950. 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 Shoreline, Washington?
The median gross rent in Shoreline, Washington is $1,977 per month, higher than the Washington average of $1,759.
What was the median gross rent in Shoreline in 2020?
In 2020, the median gross rent in Shoreline, Washington was $1,640 per month.
What is the price-to-rent ratio in Shoreline, Washington?
The price-to-rent ratio in Shoreline, Washington is about 48.5, meaning it would take roughly 48.5 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 Shoreline.
Are home prices or rent rising faster in Shoreline, Washington?
Both home prices and rent are rising in Shoreline, up about 24.1% and 6.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Shoreline, Washington?
64.8% of households in Shoreline, Washington own their home, higher than the Washington average of 59.1%.
What is the vacancy rate in Shoreline, Washington?
The housing vacancy rate in Shoreline, Washington is 3.5%, lower than the Washington average of 7.3%.
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