Prairie Ridge, WA
Full City Profile · Washington · Pierce County County
3.7
/5.0
B+
Good
12,054
Population
2,856/sq mi density
$110,795
Median Income
$45,971 per capita
$436,200
Home Value
$671,859 Zillow
$1,742
Median Rent
32.2% income on rent
51°F
Avg Temperature
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$110,795 median income, 6.3% unemployment
A
Affordability
4.5 / 5.0
$436,200 home value, $1,742/mo rent
C
Education
2.3 / 5.0
15.9% bachelor's degree or higher
Housing Overview
Median Home Value
$436,200
55% above
US avg: $281,900
Median Rent
$1,742/mo
50% above
US avg: $1,163/mo
Homeownership Rate
89.0%
36% above US avg (65.4%)
Total Housing Units
4,477
Median year built: 1992
Home Value by Source
Census Median
$436,200
Zillow (ZHVI)
$671,859
Redfin Median Sale
$537,000
Median Sale Price
$537,000
Median List Price
$512,475
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
89.0%
Owner-Occupied
11.0%
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
Census median rent:
$1,742/mo
Market Indicators (Redfin)
Median Sale Price
$537,000
Median Days on Market
38 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
4
Price Drops
15.4%
of listings with price reduction
Price Per Sq Ft
$327
Active Inventory
13
homes for sale
Affordability & Housing Stock
Rent Burden
32.2%
of renters spending 30%+ of income on housing
4% above US avg (31.0%)
Median Year Built
1992
Average age of housing stock: 34 years
Homeownership Rate
89.0%
Complete Housing Data
Home Values
| Census Median Value | $436,200 |
| Zillow Home Value (ZHVI) | $671,859 |
| Redfin Median Sale | $537,000 |
| Median Sale Price | $537,000 |
| Median List Price | $512,475 |
| Price Per Sq Ft | $327 |
Rent
| Census Median Rent | $1,742 |
| 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
| Days on Market | 38 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 15.4% |
| Homes Sold | 4 |
| Active Inventory | 13 |
| Price Per Sq Ft | $327 |
Ownership & Stock
| Owner-Occupied | 89.0% |
| Renter-Occupied | 11.0% |
| Homeownership Rate | 89.0% |
| Total Housing Units | 4,477 |
| Median Year Built | 1992 |
| Rent Burden | 32.2% |