Similar to the surrounding areas, it's substantially more expensive compared to the US as a whole. However it is substantially less expensive compared to the city of Seattle.
Home prices
The cost of the median home in Black Diamond is $413,100. Compared to nearby areas this is roughly $17,140 (3%) lower.It is about $195,600 (89%) higher compared to the United States as a whole, and compared to the city of Seattle is about $250,000 (37%) lower.
Rents
In Black Diamond the median rent is $1,065 per month. It is roughly $506 (32%) lower in comparison to the surrounding areas.It is is very similar in comparison to the United States as a whole, and is roughly $549 (34%) lower compared to the city of Seattle.
Nearby places
Maple Valley
Maple Valley is Black Diamond's neighbor to the north. Its real estate prices are fairly similar. The median home in Maple Valley costs $414,400, which is very similar to Black Diamond. Rent there is a lot more expensive. Maple Valley's median monthly rent is $2,003, which is $938 (46%) higher than Black Diamond.
Lake Morton-Berrydale
Lake Morton-Berrydale is Black Diamond's neighbor to the west. Its real estate prices are similar. The median home in Lake Morton-Berrydale is valued at $414,300, which is very similar to Black Diamond. Its rents are a bit more expensive. Lake Morton-Berrydale's median rent is $1,539 per month, which works out to $474 (30%) higher than Black Diamond.
Ravensdale
Ravensdale is approximately 3 miles northeast from Black Diamond. Housing prices there are a bit more expensive. Ravensdale's median home price is $492,400, which is $79,300 (16%) higher than Black Diamond. Its rents are somewhat more expensive. In Ravensdale the median rent is $1,380 per month, which is $315 (22%) higher than Black Diamond.
Lake Holm
Lake Holm is about 4 miles west of Black Diamond. Housing prices there are somewhat more expensive. The median home cost in Lake Holm is $472,800, which is $59,700 (12%) higher than Black Diamond. Rents there are a little more expensive. Lake Holm's median monthly rent is $1,168, which works out to $103 (8%) higher than Black Diamond.
Covington
Covington is approximately 4 miles northwest of Black Diamond. Its housing prices are a bit less expensive. The median home in Covington is valued at $357,300, which works out to $55,800 (15%) lower than Black Diamond. Its rents are substantially more expensive. Covington's median rent is $1,764 a month, which works out to $699 (39%) higher than Black Diamond.
