Martha Lake, Washington Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Martha Lake, Washington rental market.
Martha Lake, Washington
Average Apartment Rent
$2,057
Y-o-Y Change in Average
Apartment Rent
-4.1%
As of March 2026
Compared to a year ago, Martha Lake, Washington apartments have recorded a -4.1% rent decrease.
Martha Lake, Washington Average apartment rent trend
Martha Lake, Washington Average Apartment Rent
Martha Lake, Washington Apartment rent ranges
At 53.57%, apartments priced $2,000 - $2,500 represent the bulk of Martha Lake, Washington rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 5.63%.
Martha Lake, Washington Housing tenure**
Renters take up 35% of Martha Lake, Washington real estate, occupying a total of 2,825 units, while homeowners live in 5,141 properties.
Median number of rooms of renter-occupied housing units**
4.5
Renter median household income**
$86,205
Average household size of renter-occupied housing units**
3.01
Rental vacancy rate**
1.2%
Martha Lake, Washington Renter-occupied housing units by no. of bedrooms**
There are 1,163 rentals in Martha Lake, Washington with 2 beds making up the highest share of the market, at 41%. Units with 5 or more beds, on the other hand, hold the lowest percentage (3%), amounting to 71 units. Overall, the median number of rooms in Martha Lake, Washington homes for rent is 4.5.
Martha Lake, Washington Renter-occupied units by age of householder**
Most condos for rent in Martha Lake, Washington are occupied by residents in the 35 - 44 years age group (31%), followed by those in the 25 - 34 years age group (27%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 2%.
Martha Lake, Washington Renter-occupied housing units by family type**
Martha Lake, Washington Renter-occupied housing units by the presence of own children**
A total of 1,930 apartments for rent in Martha Lake, Washington, or 68% of all rentals are family households. Additionally, 38% of rental homes include children under the age of 18 – that’s 1,086 units. All in all, the median size of a renter-occupied household in Martha Lake, Washington is 3.01.
Martha Lake, Washington Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 31% of the rental market. In contrast, residents with less than a high school degree reside in 10% of the homes for rent in Martha Lake, Washington.
Martha Lake, Washington Renter-occupied units by year structure built**
The highest share of Martha Lake, Washington apartment rentals, namely 24% or 692 units, were Built 2010 - 2019, followed by those Built 1990 - 1999 (22%, 631 units), and the ones Built 2000 - 2009 (19%, 525 units).
Martha Lake, Washington Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Martha Lake, Washington renters (55%) moved in 2018 to 2020, while only 4% of them moved in 2021 or later. Overall, the median year renters have occupied their Martha Lake, Washington condos for rent is 2018.
Martha Lake, Washington Renter-occupied housing units by vehicles available**
When it comes to transportation options, 49% of Martha Lake, Washington renters have 2 vehicles available per household, 38% of them have 1 vehicle available, and 6% have 3 vehicles available.
Martha Lake, Washington Means of transportation to work of householders living in renter-occupied housing units**
Martha Lake, Washington Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Martha Lake, Washington apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
