Wenatchee, WA 98801 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Wenatchee, WA—98801

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$485,000

1.3% YoY Growth

Household Income

$74,800

29.9% YoY Growth

Days on Market

9.0% Shorter YoY

Home Price Forecast

0.6%

Median Rent

$1,700

15.4% YoY Growth

1-Bed Rent

$1,400

7.4% YoY Growth

2-Bed Rent

$1,600

8.3% YoY Growth

3-Bed Rent

$2,440

0.0% YoY Growth

Home Price Trends — Wenatchee, WA

As of Dec '25, the median home price in Wenatchee, WA is $485,000, with a year-over-year change of 1.3%. This indicates that home prices in Wenatchee, WA are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$485,000	1.3%
Single Family	$494,000	1.2%
Condos	$310,000	1.3%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

7.3%

1 Bedroom

17.8%

2 Bedrooms

47.4%

3 Bedrooms

22.3%

4 Bedrooms

3.6%

5+ Bedrooms

1.7%

Property Listings — Wenatchee, WA

As of Dec '25, Realtor.com reports that the median days on market for a home in Wenatchee, WA is 57. This is a decrease of -14.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$599,000	10.0%
Listing Count	117	17.0%
Listings as % of Homes	0.4%	17.0%
Days on Market	83	-9.0%

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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%

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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%

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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%

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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

Wenatchee, WA—98801

Key Metrics at a Glance

Home Price Trends — Wenatchee, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wenatchee, WA

% of Rental Stock

Property Listings — Wenatchee, WA

Demographics — Wenatchee, WA

Race and Ethnicity

Mortgage and Risk — Wenatchee, WA

Mortgages

Rentals and Section 8 — Wenatchee, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Wenatchee, WA

Home Price to Income Ratio

Wenatchee, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Manitar

Cashmere, WA

East Wenatchee, WA

Malaga, WA

Dryden

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6.2
Median Home Price	$485,000
Median Household Income	$74,800

Wenatchee, WA—98801

Key Metrics at a Glance

Home Price Trends — Wenatchee, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wenatchee, WA

% of Rental Stock

Property Listings — Wenatchee, WA

Demographics — Wenatchee, WA

Race and Ethnicity

Mortgage and Risk — Wenatchee, WA

Mortgages

Rentals and Section 8 — Wenatchee, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Wenatchee, WA

Home Price to Income Ratio

Wenatchee, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Manitar

Cashmere, WA

East Wenatchee, WA

Malaga, WA

Dryden

Frequently Asked Questions

What is the average home price in Wenatchee, WA 98801?

How have home prices in Wenatchee, WA 98801 changed over the past year?

What is the home price projection for Wenatchee, WA 98801?

What are the demographics of Wenatchee, WA 98801?

How long does it take homes to sell in Wenatchee, WA 98801?

What is the average rent price in Wenatchee, WA 98801?