Snohomish County, Washington Housing Market
In Snohomish County, Washington, the median home value is $696,000, with a median monthly rent of $1,949. This places Snohomish County at #52 nationally out of 3134 counties by median home value, and #3 within Washington.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,606
- Establishments: 20,776
- BLS QCEW, 2025
Housing Supply
- Single-family: 1,909
- Multi-family: 1,463
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 349,060 (avg $114,994)
- Outflow: 340,989 (avg $115,328)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Snohomish County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 98251 | 318.6 | -3.59% | 2025 |
| 2 | 98294 | 303.0 | -2.93% | 2025 |
| 3 | 98296 | 367.4 | -0.93% | 2025 |
| 4 | 98204 | 347.7 | -3.49% | 2025 |
| 5 | 98036 | 379.2 | +1.02% | 2025 |
| 6 | 98087 | 381.3 | +1.07% | 2025 |
| 7 | 98037 | 372.2 | +1.70% | 2025 |
| 8 | 98275 | 348.2 | +2.87% | 2025 |
| 9 | 98012 | 387.4 | +0.17% | 2025 |
| 10 | 98021 | 399.6 | -0.17% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Snohomish County Compares
| Metric | Snohomish County | Washington Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $696,000 | $436,312 | $227,706 |
| Median Gross Rent | $1,949 | $1,251 | $968 |
| Owner Occupancy Rate | 68.2% | 71.3% | 73.3% |
| Price/Rent Ratio | 29.8 | 29.2 | 18.7 |
Market Analysis
The median home value in Snohomish County is 59.5% above the Washington state average and 205.7% above the U.S. national average. The median rent of $1,949/month is 55.8% above the state average.
With a price-to-rent ratio of 29.8, Snohomish County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Snohomish County has an owner-occupancy rate of 68.2%, compared to 71.3% in Washington and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Teton County | Idaho | $690,500 | $1,319 |
| Placer County | California | $688,100 | $2,069 |
| Suffolk County | Massachusetts | $705,800 | $2,129 |
| Nassau County | New York | $684,700 | $2,252 |
| Norfolk County | Massachusetts | $683,900 | $2,149 |
Other Counties in Washington
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Island County | $593,300 | $1,662 | 74.7% |
| San Juan County | $799,200 | $1,512 | 78.0% |
| Whatcom County | $585,800 | $1,555 | 63.7% |
| Kitsap County | $555,100 | $1,822 | 70.1% |
| Skagit County | $545,100 | $1,536 | 70.1% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).