Silver Firs, Washington Housing Market Prices
Silver Firs 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 29% above the Washington median$624,999
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Median rent 58% above the Washington median$2,780
Housing Market Overview
| Metric | Silver Firs | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $624,999 | $485,016 | $248,835 |
| Price Trend (Annual %) | 12.5% | 10.9% | 7.5% |
| Median Gross Rent | $2,780 | $1,759 | $1,407 |
| Rent Trend (Annual %) | 5.9% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Silver Firs is about 29% higher than in Washington. Rent is about 58% 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 Silver Firs, up about 12.5% and 5.9% a year respectively. Home prices are changing faster.
Median rent in Silver Firs rose about 59.8% between 2015 and 2024, from $1,740 to $2,780. Over the same span, rent in Washington rose about 73.4%.
Affordability
On average, housing unit costs 3.8 yearly household incomes in Silver Firs.
Buying the median-priced home in Silver Firs costs roughly 18.7 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Silver Firs. The price-to-rent ratio in Washington is about 23.0.
| Metric | Silver Firs | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $624,999 | $485,016 | $248,835 |
| Median Household Income | $162,986 | $98,224 | $80,455 |
| Price-to-Income Ratio | 3.8 | 4.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Silver Firs rose about 141.2%, while median household income rose about 45.8% 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 | Silver Firs | Washington Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 86.7% | 59.1% | 58.5% |
| Rental Rate | 12.2% | 33.6% | 31.2% |
| Vacancy Rate | 1.1% | 7.3% | 10.2% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Silver Firs has a homeownership rate of 86.7%, higher than the Washington average of 59.1%. Its housing vacancy rate is 1.1%, compared with 7.3% in Washington.
Housing Stock
| Metric | Silver Firs | Washington Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.90 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1995 | 1983 | 1978 |
| Median Number of Rooms | 6.8 | 5.5 | 5.5 |
The typical housing unit in Silver Firs was built around 1995. On average, 2.9 people live in a home with about 6.8 rooms, staying for about 14.0 years on average.
Silver Firs, WA Housing Compared With Nearby Cities
How Silver Firs, WA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Silver Firs, WA | 20,478 | $624,999 #2/2 | $2,780 #1/2 | 87.6% #1/2 |
| Eastmont, WA | 25,029 | $687,158 | $2,406 | 80.9% |
Frequently Asked Questions
Common questions about the housing market in Silver Firs, Washington.
What is the median home price in Silver Firs, Washington?
The median home price in Silver Firs, Washington is $624,999, higher than the Washington average of $485,016.
What is the average home price in Silver Firs, Washington?
The typical home price in Silver Firs, Washington, reported as the median sale price, is $624,999. 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 Silver Firs, Washington?
The median gross rent in Silver Firs, Washington is $2,780 per month, higher than the Washington average of $1,759.
What was the median gross rent in Silver Firs in 2020?
In 2020, the median gross rent in Silver Firs, Washington was $2,171 per month.
What is the price-to-rent ratio in Silver Firs, Washington?
The price-to-rent ratio in Silver Firs, Washington is about 18.7, meaning it would take roughly 18.7 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Silver Firs.
Are home prices or rent rising faster in Silver Firs, Washington?
Both home prices and rent are rising in Silver Firs, up about 12.5% and 5.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Silver Firs, Washington?
86.7% of households in Silver Firs, Washington own their home, higher than the Washington average of 59.1%.
What is the vacancy rate in Silver Firs, Washington?
The housing vacancy rate in Silver Firs, Washington is 1.1%, lower than the Washington average of 7.3%.
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