Quick facts: Vancouver, WA

Quick Facts

110.3
Cost of Living
above US average
194,512
Population
61.72
Crime Rate per 1000
above US average
$73,626
Median Income
below US average
$475,000
Median House Price
above US average
$1952.11
Average Rent
above US average
10%
Poverty Rate
below US average
4.6%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $73,626.

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Income Needed to Buy

βœ— Stretch
$149k/year
Based on $475,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $149k vs median $73,626
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Income Needed to Rent

⚠ Stretch
$84k/year
Based on $1952.11/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $84k vs median $73,626
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Vancouver, WA

Vancouver, Washington, located just across the Columbia River from Portland, Oregon, is the largest city in Clark County. With a population of over 180,000, it boasts a rich history dating back to the early 1800s, being one of the oldest settlements in the Pacific Northwest. The city's charm lies in its blend of urban amenities and natural beauty, featuring numerous parks, scenic waterfronts, and easy access to outdoor activities. Downtown Vancouver has undergone significant revitalization, offering a mix of shops, restaurants, and cultural attractions. The Waterfront Vancouver area, with its picturesque riverfront park, showcases modern development alongside historical elements, making it a popular destination for both locals and visitors. Vancouver also emphasizes community and family-friendly living, with excellent schools, a variety of recreational opportunities, and a growing arts scene. Annual events and festivals, like the Vancouver Wine and Jazz Festival, highlight the city's vibrant cultural landscape. The mild climate allows for year-round outdoor activities, from hiking and biking to kayaking on the Columbia River.

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