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City · 22,634 residents · Snohomish County, Washington

Martha Lake , Washington

In Martha Lake, a typical home is worth $785,400 and typical rent is $2,185 a month. Compared with all of Snohomish County, the typical home value is 13% higher, typical rent is 12% higher, and the share of households that own their home is 5 points lower.

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  • Typical home value

    $785,400

    13% above the county

    39% above Washington

    • Martha Lake
    • Snohomish
    • Washington

  • Typical rent

    $2,185a month

    12% above the county

    24% above Washington

    • Martha Lake
    • Snohomish
    • Washington

  • Typical household income

    $124,494a year

    12% above the county

    27% above Washington

    • Martha Lake
    • Snohomish
    • Washington

  • Households that own their home

    63%

    5 points below the county

    1 points below Washington

    • Martha Lake
    • Snohomish
    • Washington

Source: U.S. Census Bureau, Average 2020–2024

Martha Lake is in Snohomish County. The FHA loan limit ($1,063,750 for a one-unit home), the fair market rents and the help on this page are those of all of Snohomish County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Martha Lake apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in North Lynnwood, the typical home value is $616,400: 22% less than in Martha Lake ($785,400).

  2. Nearby, in Lake Stickney, the typical rent is $1,806: 17% less than in Martha Lake ($2,185).

  3. 63% of households in Martha Lake own their home, against 68% in Snohomish County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Martha Lake

What homes there are in Martha Lake, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is still the most common home in Martha Lake, but it weighs less than in Snohomish County: 57% against 64%.

Year built

The typical home in Martha Lake was built in 1998, 8 years after the typical one in Snohomish County.

There is more room for a big family here: 69% of homes have 3 bedrooms or more, against 66% in Snohomish County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$3,128 a month

Snohomish County: $2,748 a month

Without a mortgage

$1,023 a month

Snohomish County: $864 a month

Owners with a mortgage

76%

Snohomish County: 72%

The typical cost for an owner with a mortgage in Martha Lake is $3,128 a month, more than in Snohomish County ($2,748); without one, $1,023.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Much as in Snohomish County, the typical home value in Martha Lake rose 71% since 2015–2019.

Rents in Martha Lake rose more slowly than in Snohomish County: 31% since 2015–2019, against 36%.

Here income did not keep up with housing: it rose 22%, while home values changed +71% and rent +31%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMartha LakeSnohomish CountyWashingtonUnited States
Rental vacancy Unreliable estimate4.0%4.5%5.5%
Homeowner vacancy Unreliable estimate0.5%0.7%0.9%
More than one person per room Unreliable estimate3.7%3.5%3.4%
People per household 2.782.642.502.53
Drive alone 61%65%63%69%
Carpool 10%9%9%9%
Public transit Unreliable estimate3%3%3%
Walk or bike Unreliable estimate2%4%3%
Work from home 26%20%20%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

Households in Martha Lake are bigger: 2.78 people on average; in Snohomish County, 2.64.

Working from home is more common in Martha Lake: 26%, against 20% in Snohomish County.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Martha Lake?

A typical home costs more than the typical income allows

We start with a typical home in Martha Lake, worth $785,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 62% of the typical household income in Martha Lake, which is $124,494 a year. For that payment to be 28% of income, a household would need to earn about $275,528 a year.

The calculator's FHA and conventional loan limits are those of all of Snohomish County.

Your numbers

Local data
$

Starts at the typical home value in Martha Lake. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $27,489 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$6,429

at 7.18% · 30 years

Loan amount
$771,174
Total interest
$1,109,539
Paid off in
November 2056

Includes $13,263 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,905 a month

  • Tight

    $2,905 to $3,735 a month

  • Hard

    more than $3,735 a month

    Your payment · 62%

Compared with the typical household income in Martha Lake ($124,494 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$6,429
Principal & interest$5,224
Property tax$530
Home insurance$327
FHA mortgage insurance (MIP)$347

You need at least $27,489 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Martha Lake and Snohomish County

Martha Lake is in Snohomish County, Washington. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Martha Lake's own numbers

Typical home value
$785,400
Typical monthly rent
$2,185
Typical yearly household income
$124,494
Households that own their home
63%
Effective property tax rate
0.81%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Snohomish County

FHA limit, one-unit home
$1,063,750
Conventional limit, one unit
$1,063,750
HUD fair market rent, 2 bedrooms
$2,549
Price change over 5 years (FHFA)
+51%
Homes in a high flood-risk zone
1.9%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Snohomish County.

Everything about Snohomish County

Buying

Buying a home in Martha Lake

A typical home in Martha Lake is worth $785,400: 13% above the county and 39% above Washington. With the typical household income in Martha Lake ($124,494 a year), a typical home costs 6.3 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Martha Lake 6.3 years
  • Snohomish 6.3 years
  • Washington 5.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Snohomish County

According to FHFA’s house price index, home prices in Snohomish County rose 128% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Snohomish County.

Period County Washington U.S.
Last year (2025) +1.3% +1.8% +2.9%
5 years (2020–2025) +51% +44% +47%
10 years (2015–2025) +128% +113% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Martha Lake next to Snohomish County, Washington and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Martha Lake $785,400
  • Snohomish $696,000
  • Washington $564,600
  • United States $332,700
Typical monthly rent
  • Martha Lake $2,185
  • Snohomish $1,949
  • Washington $1,760
  • United States $1,413
Typical yearly household income
  • Martha Lake $124,494
  • Snohomish $111,246
  • Washington $98,141
  • United States $80,734
See the full table
Martha Lake next to Snohomish County and Washington
Measure Martha Lake Snohomish County Washington U.S.
Typical home value $785,400 $696,000 $564,600 $332,700
Typical monthly rent $2,185 $1,949 $1,760 $1,413
Typical yearly household income $124,494 $111,246 $98,141 $80,734
Households that own their home 63% 68% 64% 65%
Typical yearly property tax $6,334 $5,364 $4,556 $3,119
Effective property tax rate 0.81% 0.77% 0.81% 0.94%
Renters with high rent for their income 48% 54% 50% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Snohomish County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Martha Lake

For a typical $785,400 home in Martha Lake, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Martha Lake's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $6,429a month

    Least cash to close
    Down payment
    $27,489
    Cash to close
    $51,051
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $347

  • Conventional, 5% down $6,285a month

    Down payment
    $39,270
    Cash to close
    $62,832
    Rate
    7.18%
    Mortgage insurance
    PMI · $373

  • Conventional, 20% down, no PMI $5,114a month

    Down payment
    $157,080
    Cash to close
    $180,642
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $5,840a month

    Down payment
    $117,810
    Cash to close
    $141,372
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Martha Lake and for Snohomish County.

Property tax

Effective rate in Martha Lake

0.81%of the home’s value each year

$6,334 a year for the typical owner in Martha Lake.

  • Martha Lake 0.81%
  • Snohomish 0.77%
  • Washington 0.81%

What Washington publishes Exemption for people 61 and older or with disabilities (Washington State Department of Revenue)

Exemptions and deadlines in Washington

Flood risk in Snohomish County

FEMA does not publish these numbers by city: they are for all of Snohomish County.

Homes in the high-risk zone
1.9%
5,101
Of those, with NFIP insurance
27%
County Washington U.S.
Homes in the high-risk zone 1.9% 1.6% 3.5%
Of those, with NFIP insurance 27% 40% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Martha Lake

Typical rent in Martha Lake is $2,185 a month: 12% above the county. In Martha Lake, 48% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Snohomish County, by unit size. To pay the 2-bedroom one ($2,549 a month) without spending more than 30% of your income, you would need to earn $49.02 an hour working full time.

HUD fair market rent for all of Snohomish County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $2,091 $40.21 $83,640
1 bedroom $2,180 $41.92 $87,200
2 bedrooms $2,549 $49.02 $101,960
3 bedrooms $3,324 $63.92 $132,960
4 bedrooms $3,954 $76.04 $158,160

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Martha Lake

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Martha Lake has 3 ZIP codes with their own.

For 2 bedrooms it runs from $2,390 in 98208 to $2,780 in 98012.

2 of the 3 are above the fair market rent for Snohomish County ($2,549).

  • 98012 $2,780$3,620
  • 98087 $2,600$3,390
  • 98208 $2,390$3,120

3 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Martha Lake when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Martha Lake

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Snohomish County; 1 says it serves in Spanish.

A grandmother smiles, seated at home.

HUD counseling is free or low-cost

Assistance programs in Martha Lake

No down payment, repair or rent-help program on our list is for Martha Lake or Snohomish County. The ones below are statewide in Washington: they work in Martha Lake the same as in the rest of the state.

Which programs do I qualify for? All programs in Washington

  • Home Advantage Downpayment Assistance

    Statewide in Washington

    Washington state commission 0% second mortgage for 3%, 4% or 5% of the first mortgage, with no monthly payments; you do not need to be a first-time buyer. Offered by Washington State Housing Finance Commission.

    Deferred

    See the program Official page

  • Covenant Homeownership Program

    Statewide in Washington

    Washington state commission loan with no monthly payments of up to 20% of the price (maximum $150,000) plus closing costs, for first-time buyers whose family lived in Washington before 1968 and belonged to a group affected by housing discrimination, including Hispanic people. Offered by Washington State Housing Finance Commission.

    Deferred

    See the program Official page

  • House Key Opportunity DPA

    Statewide in Washington

    Washington state commission loan of up to $15,000 at 1% simple interest, with no monthly payments, for the down payment and closing costs of first-time buyers with the House Key Opportunity mortgage. Offered by Washington State Housing Finance Commission.

    Deferred

    See the program Official page

Housing counselors near Martha Lake

The HUD-approved agencies closest to the center of Martha Lake, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Parkview Services

    4720 200th St SW Ste 200, Lynnwood · 4 miles away · Spanish

    Also serves in Cantonese, Mandarin Chinese, and other languages.

    • Mortgage delinquency and default
    • Workshops for new owners
    • and 2 more
    (206) 542-6644

  • Urban League of Metropolitan Seattle

    105 14th Ave Ste 200, Seattle · 17 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 11 more
    (206) 461-3792

  • Credit.org - Seattle Branch

    450 Alaskan Way S, Seattle · 18 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    (800) 431-8157

Every agency in Snohomish County All counseling agencies in Washington

Help in Spanish near Martha Lake

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Martha Lake

HUD’s record names them for Martha Lake or Snohomish County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority of Snohomish County Public housing and Section 8 vouchers (425) 290-8499

One other authority has an office in Snohomish County: see the list Source: HUD

Cities

Other cities in Snohomish County

These cities are also in Snohomish County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Snohomish County Housing in Washington
See 14 more cities in Snohomish County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Martha Lake, with the typical home value.

Neighboring counties

If Snohomish County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Martha Lake.

All guides
A father smiles as he carries his baby on his shoulders outdoors.

Questions

Housing questions about Martha Lake

Short answers with the numbers for Martha Lake and all of Snohomish County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Martha Lake?

The typical home value in Martha Lake is $785,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Snohomish County it is $696,000.

How much does it cost to rent in Martha Lake?

Typical rent in Martha Lake is $2,185 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Snohomish County is $2,549.

What is the FHA loan limit in Martha Lake?

Martha Lake uses the FHA limit for all of Snohomish County (2026): $1,063,750 for a one-unit home and $2,045,700 for a four-unit home.

How much property tax do owners pay in Martha Lake?

The typical homeowner in Martha Lake pays $6,334 a year, according to the U.S. Census Bureau. That is 0.81% of the home’s value; in Snohomish County, the rate is 0.77%.

Where can I find free help to buy or rent in Martha Lake?

There is 1 HUD-approved counseling agency with an office in Snohomish County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).