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Vancouver real estate market overview
- Average Monthly Rent: $1,710
- Home Price/Value Percentage Change: 0.30%
- Median Home Value: $484,933
- Best Time To Sell a Home: July
- Affordability Index: Moderate
- Days To Sell a House: 50
- Job Market: Fair
- Public School Ranking: 31
Location and weather
Vancouver sits on the northern end of the Colombia River, and is located in Clark County. It's directly across from Portland, Oregon and the Pacific Coast is around 90 miles to the west. This city also has access to views of the Cascade Mountain Range, Mount St. Helens National Volcanic Monument, and Mt. Hood, which are less than 2 hours away. Aside from having a mountainous landscape, it's also home to rivers and foothills that help promote an out-door lifestyle.
Residents and tourists alike enjoy snowboarding and skiing in the winter, exploring trails, or boating and fishing at the Colombia River, Vancouver Lake, or Lacamas Lake. This city also features golf courses, rock climbing venues, and community centers with pools. Some of the major attractions here include Fort Vancouver National Historic Site, Esther Short Park, Waterfront Renaissance Trail, Vancouver Farmers Market, Pearson Field and Pearson Air Museum, and Vancouver Waterfront.
Population, job market and cost of living
The population in Vancouver is 199,651, and has a current growing rate of 1.48% annually.
The job growth here has decreased by -4.68% over the last year and in ten years, is predicted to have increased by 38.77%. Several major industries here are health care and social assistance, manufacturing, and retail trade. The biggest companies to work for in this city include PeaceHealth, Banfield Pet Hospital, PeaceHealth southwest Medical Center, EmpRes Healthcare and Hawthorn Retirement Group.
The cost of living in Vancouver is higher than the US average, making it a more expensive place to live. If you're looking to live somewhere that promotes an active lifestyle, has scenic views, and impressive job growth, Vancouver might be worth the consideration.
Vancouver real estate market details
- Van Mall
- West Minnehaha
- North Image
- Rose Village
- Walnut Grove
The average monthly rent in Vancouver is $1,710 for an average apartment size of 923 sq. feet.
There has been a 0.3% increase in median home value over the last year. As of 2023, the median home value is $484,933.
On average, homes in Vancouver sell after 50 days on the market.
The best time to sell a home for the highest valued sale is during July. For the quickest sale, homeowners should sell in July.
The affordability index in Vancouver is 118. This number indicates moderate affordability in this city.
The top ranked public schools are Vancouver School of Arts and Academy, Fisher Landing Elementary School, Felida Elementary School, Alki Middle School and Columbia River High School. This information is based on data measuring academic performance and equity.