Yakima, WA—98901
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Yakima, WA
As of Oct '25, the median home price in Yakima, WA is $330,000, with a year-over-year change of 1.9%. This indicates that home prices in Yakima, WA are increasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $330,000 | 1.9% |
| Single Family | $333,000 | 2.1% |
| Condos | $283,000 | 1.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $175,000 | 4.2% |
2 Bed | $225,000 | 3.7% |
3 Bed | $370,000 | 1.6% |
4 Bed | $448,000 | 1.8% |
| 5 Bed | $462,000 | 1.5% |
% of Housing Stock
Rental Trends — Yakima, WA
As of July '25, Rentcast reports the average rent in Yakima, WA is $1,200, with a year-over-year rent change of 14.3%. Per bedroom, the median rent as of July '25 in Yakima, WA is studios: $725, 1-bedrooms: $758, 2-bedrooms: $1,020, 3-bedrooms: $1,570, 4-bedrooms: $2,050. The most common rental property sizes in Yakima, WA are 2-bedroom and 1-bedroom, accounting for 35.6% and 28.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $925 | $1,200 |
| Studio Rent | $700 | $725 |
| 1 Bed Rent | $750 | $758 |
| 2 Bed Rent | $875 | $1,020 |
| 3 Bed Rent | $1,250 | $1,570 |
| 4 Bed Rent | $2,000 | $2,050 |
% of Rental Stock
Property Listings — Yakima, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Yakima, WA is 53. This is a increase of 44.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $462,000 | 14.0% |
Listing Count | 65 | 32.0% |
| Listings as % of Homes | 0.3% | 32.0% |
Days on Market | 53 | 44.0% |
Demographics — Yakima, WA
As of the latest ACS Survey released in 2023, Yakima, WA has a population of 32,100, which has remained stable by -0.4% over the past 5 years. Yakima, WA is a popular place for families, as children make up 27.2% of the population. The area has a poorly educated workforce, with 16.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,100 | -0.4% |
% Under 18 | 27.2% | -9.6% |
% Seniors | 12.1% | 6.1% |
% WFH | 6.2% | 129.6% |
% w/ College Degree | 16.7% | 42.7% |
As of the latest ACS Survey released in 2023, Yakima, WA is a predominantly hispanic area, with 54.4% of the population identifying as hispanic. The hispanic population has grown by 4.4% in the last 5 years. The second most common race or ethnicity in Yakima, WA is white, making up 39.3% of the population. Foreign-born residents account for 20.4% of the population in Yakima, WA, and this percentage has increased by 2.5% 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 | 39.3% | -6.7% |
% Black | 1.5% | -57.1% |
% Hispanic | 54.4% | 4.4% |
% Asian | 0.7% | 16.7% |
% Foreign Born | 20.4% | 2.5% |
Mortgage and Risk — Yakima, WA
According to HUD data as of 2023, there were 246 mortgage originations in Yakima, WA, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Yakima, WA. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 246 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Yakima, WA
As of 2024, the percent of homes in Yakima, WA under the Section 8 program is 10.2%. 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 Yakima, WA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 561 |
Total Units Section 8 | 560 |
% Rentals under Section 8 | 10.2% |
% Occupied Section 8 | 88.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $200 | $750 | $950 |
| 2 Bedroom | $375 | $875 | $1,250 |
| 3 Bedroom | $500 | $1,250 | $1,750 |
| 4 Bedroom | $110 | $2,000 | $2,110 |
Affordability — Yakima, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $330,000 |
| Median Household Income | $56,400 |