South Hill, Washington Housing Market Prices
South Hill 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 46% above the Washington median$707,695
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Median rent 18% above the Washington median$2,072
Housing Market Overview
| Metric | South Hill | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $707,695 | $485,016 | $248,835 |
| Price Trend (Annual %) | 20.5% | 10.9% | 7.5% |
| Median Gross Rent | $2,072 | $1,759 | $1,407 |
| Rent Trend (Annual %) | 6.3% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in South Hill is about 46% higher than in Washington. Rent is about 18% 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 South Hill, up about 20.5% and 6.3% a year respectively. Home prices are changing faster.
Median rent in South Hill rose about 68.4% between 2015 and 2024, from $1,230 to $2,072. Over the same span, rent in Washington rose about 73.4%.
Affordability
On average, housing unit costs 6.3 yearly household incomes in South Hill.
Buying the median-priced home in South Hill costs roughly 28.5 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 South Hill. The price-to-rent ratio in Washington is about 23.0.
| Metric | South Hill | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $707,695 | $485,016 | $248,835 |
| Median Household Income | $111,670 | $98,224 | $80,455 |
| Price-to-Income Ratio | 6.3 | 4.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in South Hill rose about 301.6%, while median household income rose about 43.4% 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 | South Hill | Washington Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.5% | 59.1% | 58.5% |
| Rental Rate | 32.0% | 33.6% | 31.2% |
| Vacancy Rate | 2.5% | 7.3% | 10.2% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
South Hill has a homeownership rate of 65.5%, higher than the Washington average of 59.1%. Its housing vacancy rate is 2.5%, compared with 7.3% in Washington.
Housing Stock
| Metric | South Hill | Washington Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.89 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1996 | 1983 | 1978 |
| Median Number of Rooms | 6.0 | 5.5 | 5.5 |
The typical housing unit in South Hill was built around 1996. On average, 2.9 people live in a home with about 6.0 rooms, staying for about 11.0 years on average.
South Hill, WA Housing Compared With Nearby Cities
How South Hill, WA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| South Hill, WA | 63,936 | $707,695 #2/2 | $2,072 #1/2 | 67.2% #1/2 |
| Puyallup, WA | 42,307 | $843,139 | $1,763 | 54.9% |
Frequently Asked Questions
Common questions about the housing market in South Hill, Washington.
What is the median home price in South Hill, Washington?
The median home price in South Hill, Washington is $707,695, higher than the Washington average of $485,016.
What is the average home price in South Hill, Washington?
The typical home price in South Hill, Washington, reported as the median sale price, is $707,695. 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 South Hill, Washington?
The median gross rent in South Hill, Washington is $2,072 per month, higher than the Washington average of $1,759.
What was the median gross rent in South Hill in 2020?
In 2020, the median gross rent in South Hill, Washington was $1,610 per month.
What is the price-to-rent ratio in South Hill, Washington?
The price-to-rent ratio in South Hill, Washington is about 28.5, meaning it would take roughly 28.5 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 South Hill.
Are home prices or rent rising faster in South Hill, Washington?
Both home prices and rent are rising in South Hill, up about 20.5% and 6.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in South Hill, Washington?
65.5% of households in South Hill, Washington own their home, higher than the Washington average of 59.1%.
What is the vacancy rate in South Hill, Washington?
The housing vacancy rate in South Hill, Washington is 2.5%, lower than the Washington average of 7.3%.
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