Wenatchee, WA—98801
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wenatchee, WA
As of Oct '25, the median home price in Wenatchee, WA is $490,000, with a year-over-year change of 1.4%. This indicates that home prices in Wenatchee, WA are increasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $490,000 | 1.4% |
| Single Family | $500,000 | 1.4% |
| Condos | $312,000 | 1.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $263,000 | 0.0% |
2 Bed | $364,000 | 1.7% |
3 Bed | $505,000 | 1.2% |
4 Bed | $612,000 | 0.8% |
| 5 Bed | $673,000 | 0.7% |
% of Housing Stock
Rental Trends — Wenatchee, WA
As of July '25, Rentcast reports the average rent in Wenatchee, WA is $2,100, with a year-over-year rent change of 15.4%. Per bedroom, the median rent as of July '25 in Wenatchee, WA is studios: $2,810, 1-bedrooms: $1,310, 2-bedrooms: $1,700, 3-bedrooms: $2,440, 4-bedrooms: $3,100. The most common rental property sizes in Wenatchee, WA are 2-bedroom and 3-bedroom, accounting for 47.4% and 22.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $2,100 |
| Studio Rent | $1,480 | $2,810 |
| 1 Bed Rent | $1,400 | $1,310 |
| 2 Bed Rent | $1,600 | $1,700 |
| 3 Bed Rent | $2,440 | $2,440 |
| 4 Bed Rent | $3,200 | $3,100 |
% of Rental Stock
Property Listings — Wenatchee, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Wenatchee, WA is 51. This is a decrease of -6.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $624,000 | 6.0% |
Listing Count | 168 | 16.0% |
| Listings as % of Homes | 0.4% | 16.0% |
Days on Market | 51 | -6.0% |
Demographics — Wenatchee, WA
As of the latest ACS Survey released in 2023, Wenatchee, WA has a population of 44,400, which has increased by 2.6% over the past 5 years. Wenatchee, WA is a popular place for families, as children make up 25.2% of the population. The area has a moderately educated workforce, with 30.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 44,400 | 2.6% |
% Under 18 | 25.2% | 1.6% |
% Seniors | 17.7% | 7.3% |
% WFH | 6.7% | 39.6% |
% w/ College Degree | 30.5% | 12.5% |
As of the latest ACS Survey released in 2023, Wenatchee, WA is a predominantly white area, with 61.0% of the population identifying as white. The white population has shrunk by 6.3% in the last 5 years. The second most common race or ethnicity in Wenatchee, WA is hispanic, making up 33.0% of the population. Foreign-born residents account for 13.6% of the population in Wenatchee, WA, and this percentage has increased by 9.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 61.0% | -6.3% |
% Black | 0.9% | 28.6% |
% Hispanic | 33.0% | 10.0% |
% Asian | 0.7% | -22.2% |
% Foreign Born | 13.6% | 9.7% |
Mortgage and Risk — Wenatchee, WA
According to HUD data as of 2023, there were 580 mortgage originations in Wenatchee, WA, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Wenatchee, WA. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 580 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Wenatchee, WA
As of 2024, the percent of homes in Wenatchee, WA under the Section 8 program is 8.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Wenatchee, WA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 632 |
Total Units Section 8 | 632 |
% Rentals under Section 8 | 8.5% |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$300 | $1,400 | $1,100 |
| 2 Bedroom | -$160 | $1,600 | $1,440 |
| 3 Bedroom | -$440 | $2,440 | $2,000 |
| 4 Bedroom | -$840 | $3,200 | $2,360 |
Affordability — Wenatchee, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.3 |
| Median Home Price | $490,000 |
| Median Household Income | $74,800 |