Zip Code 98662

Vancouver, WAClark County

Real Estate Market Analysis

Q3 2025 Report
$471,940 (Jan 2025)
Median Home Value
~54,000 (2025 est.)
Population
$78,000 (est. 2025)
Median Income
Above average (GreatSchools: 6-7/10)
School District Rating

Market Statistics

Property Values

$471,940 (Jan 2025)
Median Home Value
$2,100 (est. for 3-bed, 2025)
Median Rent
$294 (June 2025, Vancouver-wide)
Price per Sq Ft

Market Performance

Home Appreciation+1.7% (98662, past year); +2.3% (Vancouver, past year)
Market VelocityAverage days on market: 33; inventory up 99.2% YoY (SW WA); 8.6% more homes sold YoY
Foreclosure RateLow (no significant uptick reported)

Area Information

Area Size~16 sq mi
CountyClark
Primary CityVancouver

Housing Profile

Housing Statistics

Total Housing Units~15,000 (est.)
Owner Occupied~62% (est.)
Rental Properties~38% (est.)
Vacant Units~4% (est.)
New ConstructionNoticeable increase in new listings and construction activity in 2025

Housing Types

Single-family homesTownhomesCondosApartments

Demographics

~54,000 (2025 est.)
Population
36
Median Age
$78,000 (est. 2025)
Median Income
~96% (unemployment ~4%)
Employment Rate
High school grad or higher: 92%; Bachelor’s or higher: 31%
Education Levels
Mix of families, singles, and retirees; average household size 2.6
Family Composition

Education Quality

School District Performance

Above average (GreatSchools: 6-7/10)
District Rating
School DistrictEvergreen School District
Test ScoresSlightly above state average
Graduation Rates~87%

Schools in Area

  • Sunset Elementary
  • Covington Middle
  • Heritage High School

Economic Factors

Employment & Business

Job Growth+2.1% (2024-2025 est.)
Unemployment Rate~4%
Business EnvironmentGrowing, with strong healthcare, retail, and logistics sectors
Commercial ActivityActive, with new retail and service businesses opening

Major Employers

  • PeaceHealth
  • Vancouver Public Schools
  • Fred Meyer
  • Clark College

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • I-205 freeway
  • SR-500
  • C-Tran bus service

Utilities & Services

  • Clark Public Utilities (electric/water)
  • NW Natural (gas)

Quality of Life

Safety & Environment

Moderate; property crime slightly above national average, violent crime below average

Good air and water quality; low pollution

Healthcare Access

  • PeaceHealth Southwest Medical Center
  • Legacy Salmon Creek Medical Center

Development Trends

Planned Developments

  • New subdivisions east of I-205
  • Mixed-use projects near Vancouver Mall

Infrastructure Projects

  • SR-500 interchange improvements
  • Expanded bike/pedestrian paths

Investment Outlook

Growth Outlook

Steady, with moderate population and housing growth expected through 2026

Investment Opportunities

  • Single-family rentals
  • Value-add multifamily
  • Retail redevelopment

Marketing Intelligence

Target Demographics

  • Young families
  • Move-up buyers
  • Remote workers
  • Investors

Competitive Advantages

  • Lower prices than Portland metro
  • No state income tax
  • Strong job market

Pricing Strategies

Price competitively just below median to attract multiple offers; consider incentives for buyers

Common Objections & Response Strategies

Objection: Home prices are high compared to past years.

Response Strategy:

Emphasize stable appreciation, low inventory, and strong long-term value.

Objection: Interest rates are above 7%.

Response Strategy:

Highlight potential for refinancing and current seller concessions.

Objection: Concerns about property crime.

Response Strategy:

Point to lower violent crime, active neighborhood watch, and city investments in safety.

Professional Recommendations

1

Educate buyers on local appreciation and market timing.

2

Leverage new construction and updated homes in marketing.

3

Network with Portland-area agents to attract relocators.

4

Advise sellers to price just below median for quick sales.

5

Highlight school quality and community amenities in listings.

Competitive Analysis

Comparable Markets

  • 98682 (East Vancouver)
  • 98661 (Central Vancouver)
  • 98683 (Cascade Park)

Market Positioning

Attractive mid-priced suburban market with growth potential

Competitive Advantages

  • More affordable than 98683/Cascade Park
  • Newer housing stock than 98661
  • Better access to I-205 and retail than 98682

Price Comparison

98662 median home value ($471,940) is below Vancouver-wide average ($514,258)

Investment Metrics

4.8%–5.5% (single-family rental, 2025)
Cap Rates
~5.2% gross yield (median rent/median price)
Rental Yields
~18–20
Price-to-Rent
Positive for well-managed rentals, especially newer homes
Cash Flow
1.5%–4.9% annual (2025 projections)
Appreciation

Buyer Journey Insights

First-Time Buyers

Face affordability challenges but benefit from new listings and down payment assistance programs.

Move-Up Buyers

Motivated by new construction and larger homes; can leverage equity from prior sales.

Downsizers

Attracted to low-maintenance townhomes and condos near amenities.

Investors

See stable rental demand and moderate cap rates; focus on single-family and small multifamily.

Relocators

Drawn by lower cost of living, proximity to Portland, and strong job market.

This zip code analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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