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North Bend city, WA

ZIP 98045 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 98045

Median Home Value
$845,700
Median Rent
$1,866
Affordability Snapshot
$233,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,433/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.2x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

37.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 98045 in North Bend city, WA, a household would need roughly $233,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $5,433. That is about 44% above the local median household income ($161,897), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
84.8%+30% vs US avg
x
Vacancy Rate
3.0%-71% vs US avg
x
Broadband Access
96.2%+11% vs US avg
x
4+ Bedrooms
5.1%-66% vs US avg
x
Built Pre-1939
1.6%-87% vs US avg
x
Built Post-2014
4.3%-38% vs US avg
x
Rent Burden >30%
32.8%-34% vs US avg
x
Mortgage-Free
23.7%-38% vs US avg
x
$845,700
Home Value
$1,866
Rent
1988
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached82.7%
  • 1-unit attached2.4%
  • 2-9 units5.0%
  • 10+ units5.3%
  • Mobile home & other4.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$845,700
Median rent$1,866
Owner-occupied84.8%
Vacant3.0%
Price-to-income5.2x
Est. income to buy$233,000