Everett Home Prices: $613K, Down 0.1% — 5 ZIPs Analyzed (2026)
$613K. That’s what a typical home costs in Everett right now — part of the Seattle metro but still cheaper than the eastside suburbs most people picture when they think of Puget Sound real estate. Prices are flat year over year, down just 0.1%. The market isn’t crashing. It isn’t surging either.
Quick answer: The average home price in Everett, WA is $612,733 as of February 2026, down 0.1% year over year according to Zillow.
Current Home Prices in Everett
Here’s where Everett stands right now:
| Metric | Value |
|---|---|
| Median Home Price | $612,733 |
| Year-over-Year Change | -0.1% |
| Lowest ZIP Median | $546,643 |
| Highest ZIP Median | $759,806 |
| ZIP Codes Tracked | 5 |
| Data Through | February 2026 |
A 0.1% decline is statistical noise. In dollar terms, that’s roughly $600 less than a year ago on a $613K home. Buyers waiting for a meaningful dip haven’t gotten one.
The spread between the cheapest and most expensive ZIP code is $213,163. That gap matters. Your Everett experience depends heavily on which neighborhood you choose. A buyer in 98206 pays $546,643 for a home that would cost $759,806 in 98208 — a 39% premium for a different part of the same city.
Compared to Seattle proper, Everett still offers a discount. But “affordable” is relative when the entry point is north of half a million dollars. First-time buyers looking at Everett need roughly $122,500 for a 20% down payment on the median home.
Everett Home Prices by Neighborhood
All five tracked ZIP codes, ranked from most to least expensive:
| ZIP Code | Median Home Value | Median Rent | vs. City Average |
|---|---|---|---|
| 98208 | $759,806 | $2,012/mo | +24.0% |
| 98203 | $637,987 | $2,123/mo | +4.1% |
| 98204 | $567,676 | $1,769/mo | -7.4% |
| 98201 | $551,552 | $1,930/mo | -10.0% |
| 98206 | $546,643 | N/A | -10.8% |
Most Expensive
98208 leads at $759,806 — the only Everett ZIP above $700K and nearly $150K above the city median. Rents here are $2,012, actually lower than 98203 despite higher home values.
98203 comes in at $637,987 with the highest rents in the city at $2,123 per month. Strong rental demand relative to home prices makes this ZIP worth watching for investors.
Most Affordable
98206 is the cheapest entry point at $546,643, sitting 10.8% below the city average. No rent data is available for this ZIP.
98201 follows at $551,552. Rents here run $1,930, which is mid-range for Everett. This area offers a reasonable balance between purchase price and location.
98204 rounds out the affordable side at $567,676 with the lowest tracked rents in the city at $1,769 per month.
Rent vs Buy in Everett
Four of five Everett ZIP codes have rent data. Here’s what landlords are charging:
| ZIP Code | Monthly Rent | Annual Rent Cost |
|---|---|---|
| 98203 | $2,123 | $25,477 |
| 98208 | $2,012 | $24,149 |
| 98201 | $1,930 | $23,154 |
| 98204 | $1,769 | $21,233 |
The citywide rent average across these four ZIPs is roughly $1,959 per month.
Now compare that to buying. A $612,733 home with 20% down ($122,547) leaves a $490,186 mortgage. At a 6.5% rate on a 30-year fixed loan, the principal and interest payment alone runs about $3,098 per month. Add property taxes and insurance, and you’re looking at $3,400 to $3,600 monthly.
That’s nearly double the average rent. Buying costs roughly $1,400 to $1,600 more per month than renting a comparable home.
The math favors renters in the short term. But renters build no equity and face annual rent increases. If you plan to stay in Everett for seven or more years, buying starts to make financial sense despite the higher monthly outlay. For shorter stays, renting is the clear winner.
Population Growth and Migration
Everett’s population reached 113,011 in 2024. The city has grown steadily since 2020, adding about 2,100 residents over four years.
| Year | Population | Change |
|---|---|---|
| 2020 | 110,892 | — |
| 2021 | 111,218 | +326 |
| 2022 | 111,842 | +624 |
| 2023 | 112,233 | +391 |
| 2024 | 113,011 | +778 |
Growth has been modest at 1.9% over four years. That trails several other Washington cities:
| City | 2024 Population | 4-Year Growth |
|---|---|---|
| Seattle | 780,995 | 5.5% |
| Spokane Valley | 108,267 | 4.5% |
| Vancouver | 198,992 | 4.0% |
| Tacoma | 228,202 | 3.8% |
| Everett | 113,011 | 1.9% |
| Bellevue | 154,377 | 1.7% |
Everett is growing, but slowly. Only Bellevue grew at a slower pace among this group. The 2024 jump of 778 residents was the largest single-year gain in the dataset, which could signal accelerating demand. More people means more competition for housing, though at this growth rate the impact on prices is gradual, not sudden.
Everett Housing Market Trends
The 12-month price trajectory tells an interesting story. Prices peaked in March 2025, dipped through August, then climbed back:
| Month | Avg. Home Value | Low ZIP | High ZIP |
|---|---|---|---|
| Mar 2025 | $613,453 | $537,459 | $773,464 |
| Apr 2025 | $610,038 | $533,362 | $769,664 |
| May 2025 | $605,806 | $528,728 | $764,029 |
| Jun 2025 | $602,974 | $525,572 | $759,344 |
| Jul 2025 | $600,956 | $524,477 | $754,631 |
| Aug 2025 | $600,606 | $525,848 | $751,705 |
| Sep 2025 | $602,002 | $529,628 | $751,191 |
| Oct 2025 | $605,051 | $534,940 | $753,638 |
| Nov 2025 | $608,584 | $540,525 | $757,212 |
| Dec 2025 | $611,344 | $544,232 | $760,011 |
| Jan 2026 | $612,864 | $546,492 | $760,961 |
| Feb 2026 | $612,733 | $546,643 | $759,806 |
August 2025 was the bottom at $600,606. Since then, prices have gained $12,127 — a 2.0% increase over six months. But February saw a slight $131 dip from January, suggesting the recovery may be leveling off.
The affordable ZIPs recovered more than the expensive ones. The low-ZIP floor rose from $524,477 (July) to $546,643 (February) — a $22,166 gain. Meanwhile, the high-ZIP ceiling actually fell from $773,464 (March) to $759,806 (February). The price gap between Everett’s cheapest and priciest neighborhoods is narrowing.
Is Everett a Good Place to Buy in 2026?
The data points to a balanced market. Prices are flat year over year. There’s no bidding-war frenzy pushing values up, and no correction dragging them down.
For buyers, this is a reasonable environment. You’re not overpaying compared to a year ago. The mid-2025 dip has already reversed, so waiting for a deeper correction looks risky based on recent trends.
For sellers, expectations need to be realistic. Your home is worth roughly what it was 12 months ago. Overpricing will cost you time on the market.
Everett’s position within the Seattle metro gives it a structural floor. As long as Boeing, the Naval Station, and Seattle commuter demand exist, Everett housing will hold value. The 1.9% population growth, while modest, confirms people are still moving here.
The rent-vs-buy gap is the biggest concern. When renting costs half of what buying costs monthly, some potential buyers will stay renters — limiting price appreciation.
Everett Housing Market Outlook for 2026-2027
The six-month uptrend from August to January gained $12,258, averaging about $2,000 per month. February broke that streak with a tiny decline.
If the current pace continues through spring and summer — historically the strongest months for real estate — prices could push past $620,000 by mid-2026. The seasonal pattern visible in the data (prices peaking in spring, dipping in summer) suggests a modest run-up through April or May.
The three-month trend from December through February shows gains slowing: +$1,520, then +$1,389, then -$131. Momentum is fading. A flat market through the rest of 2026 is the most likely scenario — staying in the $610K to $620K range without a breakout in either direction.
Don’t expect a crash. Don’t expect a boom. Expect sideways.
Similar Markets in WA
If you’re shopping in Everett, these Washington cities are worth comparing:
- Bothell — Just south of Everett in the Seattle suburbs, Bothell attracts buyers who want eastside access without Bellevue prices.
- Seattle — The big city itself costs more, but if you’re commuting to downtown Seattle from Everett anyway, run the numbers on closer-in neighborhoods.
- Shoreline — Sits between Everett and Seattle, offering a middle ground in both geography and price.
- Spokane — Buyers who can work remotely might find Spokane’s prices dramatically lower for more space.
- Olympia — The state capital offers a smaller-city feel with prices typically below the Seattle metro average.
Frequently Asked Questions
What is the average home price in Everett?
The average home price in Everett is $612,733 as of February 2026. That figure represents the citywide median across all five tracked ZIP codes. Individual neighborhoods range from $546,643 in 98206 to $759,806 in 98208.
Are home prices going up or down in Everett?
Prices are essentially flat, down 0.1% year over year. They dipped to $600,606 in August 2025 and have since recovered. Over the past six months, the trend has been upward, though gains slowed significantly in early 2026.
Is it cheaper to rent or buy in Everett?
Renting is significantly cheaper on a monthly basis. Average rents run about $1,959 per month, while buying a median-priced home costs roughly $3,400 to $3,600 monthly including taxes and insurance. The gap is roughly $1,400 to $1,600 per month in favor of renting.
What is the most affordable neighborhood in Everett?
ZIP code 98206 has the lowest median home value at $546,643, which is 10.8% below the city average. ZIP 98201 is a close second at $551,552. Both areas offer entry points under $560K for buyers priced out of the northern neighborhoods.
Methodology
Home values are based on the Zillow Home Value Index (ZHVI), a smoothed measure of typical home values in the 35th to 65th percentile range. Rent estimates use the Zillow Observed Rent Index (ZORI). Population figures come from the U.S. Census Bureau Population Estimates Program (2020-2024 vintage). All datasets are publicly available. Housing data updated 2026-02-28.