Waterville, WA—98858
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Waterville, WA
As of Oct '25, the median home price in Waterville, WA is $314,000, with a year-over-year change of 1.3%. This indicates that home prices in Waterville, WA are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $314,000 | 1.3% |
| Single Family | $314,000 | 1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $275,000 | 0.4% |
3 Bed | $347,000 | 0.9% |
4 Bed | $385,000 | 2.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Waterville, WA
As of July '25, Rentcast reports the average rent in Waterville, WA is $2,350, with a year-over-year rent change of 20.5%. Per bedroom, the median rent as of July '25 in Waterville, WA is 3-bedrooms: $2,400, 4-bedrooms: $2,300. The most common rental property sizes in Waterville, WA are 3-bedroom and 4-bedroom, accounting for 61.2% and 15.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,350 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,400 | $2,400 |
| 4 Bed Rent | $2,300 | $2,300 |
% of Rental Stock
Property Listings — Waterville, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Waterville, WA is 92. This is a increase of 32.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $462,000 | 12.0% |
Listing Count | 11 | -9.0% |
| Listings as % of Homes | 0.6% | -9.0% |
Days on Market | 92 | 32.0% |
Demographics — Waterville, WA
As of the latest ACS Survey released in 2023, Waterville, WA has a population of 1,850, which has remained stable by 0.5% over the past 5 years. Waterville, WA is a less popular place for families, as children make up 14.0% of the population. The area has a poorly educated workforce, with 15.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,850 | 0.5% |
% Under 18 | 14.0% | -28.6% |
% Seniors | 23.7% | 22.2% |
% WFH | 12.3% | 86.4% |
% w/ College Degree | 15.9% | -17.2% |
As of the latest ACS Survey released in 2023, Waterville, WA is a predominantly white area, with 78.1% of the population identifying as white. The white population has shrunk by 15.3% in the last 5 years. The second most common race or ethnicity in Waterville, WA is hispanic, making up 14.4% of the population. Foreign-born residents account for 8.0% of the population in Waterville, WA, and this percentage has increased by 220.0% 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 | 78.1% | -15.3% |
% Black | 0.2% | ∞% |
% Hispanic | 14.4% | 311.4% |
% Asian | 0.3% | -40.0% |
% Foreign Born | 8.0% | 220.0% |
Mortgage and Risk — Waterville, WA
According to HUD data as of 2023, there were 41 mortgage originations in Waterville, WA, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Waterville, WA. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 41 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Waterville, WA
Waterville, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 4.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,270 |
| 2 Bedroom | N/A | N/A | $1,660 |
| 3 Bedroom | -$100 | $2,400 | $2,300 |
| 4 Bedroom | $430 | $2,300 | $2,730 |
Affordability — Waterville, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $314,000 |
| Median Household Income | $76,700 |