Vancouver, Washington Housing Market Prices
Vancouver 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 23% below the Washington median$371,961
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Median rent 4% below the Washington median$1,697
Housing Market Overview
| Metric | Vancouver | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $371,961 | $485,016 | $248,835 |
| Price Trend (Annual %) | 7.3% | 10.9% | 7.5% |
| Median Gross Rent | $1,697 | $1,759 | $1,407 |
| Rent Trend (Annual %) | 7.0% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Vancouver is about 23% lower than in Washington. Rent is about 4% lower 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 Vancouver, up about 7.3% and 7.0% a year respectively. Home prices are changing faster.
Median rent in Vancouver rose about 77.9% between 2015 and 2024, from $954 to $1,697. Over the same span, rent in Washington rose about 73.4%.
Affordability
On average, housing unit costs 4.5 yearly household incomes in Vancouver.
Buying the median-priced home in Vancouver costs roughly 18.3 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 Vancouver. The price-to-rent ratio in Washington is about 23.0.
| Metric | Vancouver | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $371,961 | $485,016 | $248,835 |
| Median Household Income | $83,417 | $98,224 | $80,455 |
| Price-to-Income Ratio | 4.5 | 4.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Vancouver rose about 85.5%, while median household income rose about 60.9% 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 | Vancouver | Washington Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.9% | 59.1% | 58.5% |
| Rental Rate | 45.6% | 33.6% | 31.2% |
| Vacancy Rate | 4.5% | 7.3% | 10.2% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
Vancouver has a homeownership rate of 49.9%, lower than the Washington average of 59.1%. Its housing vacancy rate is 4.5%, compared with 7.3% in Washington.
Housing Stock
| Metric | Vancouver | Washington Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1985 | 1983 | 1978 |
| Median Number of Rooms | 5.0 | 5.5 | 5.5 |
The typical housing unit in Vancouver was built around 1985. On average, 2.4 people live in a home with about 5.0 rooms, staying for about 11.0 years on average.
Vancouver, WA Housing Compared With Nearby Cities
How Vancouver, WA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Vancouver, WA | 192,630 | $371,961 #2/2 | $1,697 #2/2 | 52.3% #2/2 |
| Orchards, WA | 26,432 | $460,818 | $1,765 | 65.4% |
Frequently Asked Questions
Common questions about the housing market in Vancouver, Washington.
What is the median home price in Vancouver, Washington?
The median home price in Vancouver, Washington is $371,961, lower than the Washington average of $485,016.
What is the average home price in Vancouver, Washington?
The typical home price in Vancouver, Washington, reported as the median sale price, is $371,961. 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 Vancouver, Washington?
The median gross rent in Vancouver, Washington is $1,697 per month, lower than the Washington average of $1,759.
What was the median gross rent in Vancouver in 2020?
In 2020, the median gross rent in Vancouver, Washington was $1,286 per month.
What is the price-to-rent ratio in Vancouver, Washington?
The price-to-rent ratio in Vancouver, Washington is about 18.3, meaning it would take roughly 18.3 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 Vancouver.
Are home prices or rent rising faster in Vancouver, Washington?
Both home prices and rent are rising in Vancouver, up about 7.3% and 7.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Vancouver, Washington?
49.9% of households in Vancouver, Washington own their home, lower than the Washington average of 59.1%.
What is the vacancy rate in Vancouver, Washington?
The housing vacancy rate in Vancouver, Washington is 4.5%, lower than the Washington average of 7.3%.
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