CHNA - Flipbook - Page 20
For Snohomish County, the inflation-adjusted median sale price has increased from $682,000 in 2021, to
$750,000 in 2022 (an increase of $68,000). In comparison, the median income in the last 20 years (20002020), has only increased by $6,786. Rent costs are likewise increasing at alarming rates. Vacancy Rates in
Snohomish County were at 1.9%, which is lower than the Washington State (3.8%) rental vacancy rate, and
much lower than the national average (9.7%). Rent has increased 53% from 2000 to 2021, while income has
only increased by 9%. Housing is a crisis in our service area, as reflected in both the quantitative and
qualitative data.
Housing Disparities
The data also indicated that there are significant racial disparities in access to housing. In Washington State,
Black residents own homes at a rate of 34%, in contrast to 66% of White residents, in Verdant Service areas,
the numbers were similar with 41% home ownership rate amount Black residents, 48.2% among Hispanic
residents, and 66.5% of White residents. Further detail on home ownership is provided in the full report.
People of color, and most prominently Black and Indigenous People of Color, are more likely to report racial
discrimination when trying to rent or buy a home, and Black and Hispanic residents face significantly higher
eviction rates when compared to White residents. As stated in the report Systematic Inequality, “The racial
wealth gap is NOT the result of inadvisable financial choices by people of color. Rather, the racial wealth gap
was created by policies, programs, and institutional practices.” These policies, programs, and institutional
practices continue to impede equitable access to opportunities for people of color in the Verdant Service
Area.
Verdant Health Commission 2022
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