SnoCo housing costs down slightly, but remain high

EVERETT — Housing costs in Snohomish County remained high throughout 2025, but the cost to rent or purchase housing declined slightly between 2024 and 2025 when adjusted for inflation, an expert on the local housing market said.

When adjusted for inflation, the median cost of a single-family detached home dropped from about $832,000 in 2024 to about $800,000 in 2025, said Chris Collier, the director of government relations at Housing Authority of Snohomish County.

The required income needed to comfortably purchase a median single-family home also decreased, Collier said, dropping from about $197,000 to $192,000, thanks to a combination of a slight decrease in interest rates as well as the small drop in sales prices.

Rents also continued to decrease after adjusting for inflation. Since a peak in 2022 following the COVID-19 pandemic, they have dropped about 10% since then, with average rent in the county now advertised at about $2,100.

https://www.heraldnet.com/news/snoco-housing-costs-down-slightly-but-remain-high/