UNLOCKING THE DATA:
Why Affordable Housing is at Crisis Levels on Vashon
Vashon costs a lot and incomes do not match!
25% of Vashon households earn $50,000 or less annually, earning far less than needed to pay $2,000+ average market rents.
28% of Islanders spend over 30% of their income on housing.
Only 17% of housing units are available as rentals on Vashon, compared to 44% in King County and 56% in Seattle.
Housing costs have vastly accelerated.
Average home values have doubled from $421,506 in 2014 to $857,727 in 2024.
Homebuyers at 100% of Area Median Income (about $115,000 annually for a 2-person household) are priced out of the market;
The maximum price that AMI home buyer could pay and keep their monthly housing cost below 30% is only about $400,000.
27% of Vashon residents are over 65 and living on fixed incomes, with rents outpacing their incomes.
People need help!
Over 300 households are on the VHH waiting list for our 128 available rental units.
Approximately 147 people are homeless on Vashon, according to the 2024 point in time count.
350 (25%) of Vashon School District students come from low-income families.
15% of Vashon households rely on the Vashon-Maury Food Bank.
VHH is ready and eager to do more:
VHH manages 166 rental housing and home ownership units.
Our next goal: build or secure at least 100 more affordable units
You can be part of the solution!
