Market Overview
Home Prices in Medical Lake, WA
The median home value in Medical Lake, WA is $431,442 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.7% compared to a year ago and up 1.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Medical Lake are priced5% above average. Medical Lake is part of the Spokane-Spokane Valley, WA metro area.
Over the past five years, Medical Lake home values have risen by approximately16.5%, reflecting steady appreciation in this market.
Price History
Medical Lake Home Price Trend
City Comparison
Medical Lake vs. National Median
At $431,442, homes in Medical Lake cost 5% above the national median of $410,000. Buyers in Medical Lake should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Medical Lake?
20% Down Payment
$86,288
on $431,442
Monthly P&I
$2,250/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,858/mo
incl. taxes & insurance
Income Needed
$114,320
gross annual (30% rule)
10% Down Option
$43,144
+ PMI applies
Loan Amount (20% dn)
$345,154
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Medical Lake, WA?
The median home value in Medical Lake is $431,442 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.7% year-over-year.
How much have home prices changed in Medical Lake?
Over the past year, home values in Medical Lake have increased by 1.7%. Over five years, prices have risen approximately 16.5%.
How much do I need to earn to buy a home in Medical Lake?
To comfortably afford the median home price of $431,442 with a 20% down payment ($86,288) at today's rates (6.8%), you'd need a gross annual income of approximately $114,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Medical Lake compare to the national average home price?
The national median home value is approximately $410,000. At $431,442, homes in Medical Lake are 5% above the national average.
What metro area is Medical Lake part of?
Medical Lake is part of the Spokane-Spokane Valley, WA metropolitan area. Home prices and market conditions can vary across the broader metro region.