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Banks Lake South, WA
Full City Profile · Washington · Douglas County County
2.3
/5.0
C
Fair
216
Population
89/sq mi density
$42,917
Median Income
$20,885 per capita
$252,400
Home Value
$298,868 Zillow
49°F
Avg Temperature
273 sunny days/yr
162
Violent Crime/100K
4,536 property/100K
C
Overall
2.3 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.9 / 5.0
$42,917 median income, 2.7% unemployment
B
Affordability
3.4 / 5.0
$252,400 home value, /mo rent
F
Safety
1.0 / 5.0
162 violent crimes/100K
C
Education
2.0 / 5.0
12.8% bachelor's degree or higher
Housing Overview
Median Home Value
$252,400
10% below
US avg: $281,900
Homeownership Rate
82.8%
27% above US avg (65.4%)
Total Housing Units
90
Median year built: 1994
Home Value by Source
Census Median
$252,400
Zillow (ZHVI)
$298,868
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
82.8%
Owner-Occupied
17.2%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,082/mo
1 Bedroom
$1,180/mo
2 Bedroom
$1,472/mo
3 Bedroom
$2,003/mo
4 Bedroom
$2,351/mo
Affordability & Housing Stock
Rent Burden
25.0%
of renters spending 30%+ of income on housing
19% below US avg (31.0%)
Median Year Built
1994
Average age of housing stock: 32 years
Homeownership Rate
82.8%
Complete Housing Data
Home Values
| Census Median Value | $252,400 |
| Zillow Home Value (ZHVI) | $298,868 |
Rent
| FMR Studio | $1,082 |
| FMR 1-Bedroom | $1,180 |
| FMR 2-Bedroom | $1,472 |
| FMR 3-Bedroom | $2,003 |
| FMR 4-Bedroom | $2,351 |
Market
Ownership & Stock
| Owner-Occupied | 82.8% |
| Renter-Occupied | 17.2% |
| Homeownership Rate | 82.8% |
| Total Housing Units | 90 |
| Median Year Built | 1994 |
| Rent Burden | 25.0% |