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 | Skamania County | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $530,502 | $471,160 | $242,182 |
| Price Trend (Annual %) | 30.1% | 12.1% | 8.2% |
| Median Gross Rent | $1,024 | $1,681 | $1,342 |
| Rent Trend (Annual %) | 5.2% | 6.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Skamania County is about 13% higher than in Washington. Rent is about 39% lower than the Washington average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Skamania County, up about 30.1% and 5.2% a year respectively. Home prices are changing faster.
Median rent in Skamania County rose about 42.9% between 2015 and 2023, from $716 to $1,024. Over the same span, rent in Washington rose about 65.7%.
Affordability
On average, housing unit costs 6.0 yearly household incomes in Skamania County.
Buying the median-priced home in Skamania County costs roughly 43.2 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 Skamania County. The price-to-rent ratio in Washington is about 23.4.
| Metric | Skamania County | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $530,502 | $471,160 | $242,182 |
| Median Household Income | $88,995 | $95,177 | $78,145 |
| Price-to-Income Ratio | 6.0 | 5.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Skamania County rose about 351.9%, while median household income rose about 91.7% between 2009 and 2023 — 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 | Skamania County | Washington Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.8% | 59.1% | 58.2% |
| Rental Rate | 16.3% | 33.4% | 31.3% |
| Vacancy Rate | 15.8% | 7.4% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Skamania County has a homeownership rate of 67.8%, higher than the Washington average of 59.1%. Its housing vacancy rate is 15.8%, compared with 7.4% in Washington.
Housing Stock
| Metric | Skamania County | Washington Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.45 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1985 | 1982 | 1978 |
| Median Number of Rooms | 5.7 | 5.5 | 5.5 |
The typical housing unit in Skamania County was built around 1985. On average, 2.5 people live in a home with about 5.7 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Skamania County, Washington.
What is the median home price in Skamania County, Washington?
The median home price in Skamania County, Washington is $530,502, higher than the Washington average of $471,160.
What is the average home price in Skamania 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 Skamania County, Washington?
The median gross rent in Skamania County, Washington is $1,024 per month, lower than the Washington average of $1,681.
What was the median gross rent in Skamania County in 2020?
In 2020, the median gross rent in Skamania County, Washington was $874 per month.
What is the price-to-rent ratio in Skamania County, Washington?
The price-to-rent ratio in Skamania County, Washington is about 43.2, meaning it would take roughly 43.2 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 Skamania County.
Are home prices or rent rising faster in Skamania County, Washington?
Both home prices and rent are rising in Skamania County, up about 30.1% and 5.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Skamania County, Washington?
67.8% of households in Skamania County, Washington own their home, higher than the Washington average of 59.1%.
What is the vacancy rate in Skamania County, Washington?
The housing vacancy rate in Skamania County, Washington is 15.8%, higher than the Washington average of 7.4%.