Yakima, WA—98903
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 $389,000, with a year-over-year change of 2.0%. This indicates that home prices in Yakima, WA are increasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $389,000 | 2.0% |
| Single Family | $393,000 | 2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $192,000 | 3.8% |
2 Bed | $247,000 | 2.9% |
3 Bed | $417,000 | 1.7% |
4 Bed | $529,000 | 0.6% |
| 5 Bed | $608,000 | 0.5% |
% of Housing Stock
Rental Trends — Yakima, WA
As of July '25, Rentcast reports the average rent in Yakima, WA is $2,100, with a year-over-year rent change of 18.6%. Per bedroom, the median rent as of July '25 in Yakima, WA is studios: $750, 2-bedrooms: $1,300, 3-bedrooms: $2,200, 4-bedrooms: $2,900. The most common rental property sizes in Yakima, WA are 2-bedroom and 3-bedroom, accounting for 58.9% and 26.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,100 |
| Studio Rent | $750 | $750 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,100 | $1,300 |
| 3 Bed Rent | $2,200 | $2,200 |
| 4 Bed Rent | $2,900 | $2,900 |
% 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 49. This is a increase of 6.0% 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 | $497,000 | 1.0% |
Listing Count | 76 | 90.0% |
| Listings as % of Homes | 0.7% | 90.0% |
Days on Market | 49 | 6.0% |
Demographics — Yakima, WA
As of the latest ACS Survey released in 2023, Yakima, WA has a population of 19,000, which has increased by 32.8% over the past 5 years. Yakima, WA is a popular place for families, as children make up 28.5% of the population. The area has a poorly educated workforce, with 18.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,000 | 32.8% |
% Under 18 | 28.5% | 10.0% |
% Seniors | 14.5% | 2.8% |
% WFH | 9.2% | 283.3% |
% w/ College Degree | 18.3% | 35.6% |
As of the latest ACS Survey released in 2023, Yakima, WA is a predominantly white area, with 49.4% of the population identifying as white. The white population has shrunk by 18.3% in the last 5 years. The second most common race or ethnicity in Yakima, WA is hispanic, making up 42.2% of the population. Foreign-born residents account for 15.2% of the population in Yakima, WA, and this percentage has increased by 4.8% 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 | 49.4% | -18.3% |
% Black | 0.5% | 66.7% |
% Hispanic | 42.2% | 17.9% |
% Asian | 3.4% | 142.9% |
% Foreign Born | 15.2% | 4.8% |
Mortgage and Risk — Yakima, WA
According to HUD data as of 2023, there were 284 mortgage originations in Yakima, WA, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 37.0% 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. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 284 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Yakima, WA
Yakima, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 12 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,130 |
| 2 Bedroom | $380 | $1,100 | $1,480 |
| 3 Bedroom | -$130 | $2,200 | $2,070 |
| 4 Bedroom | -$720 | $2,900 | $2,180 |
Affordability — Yakima, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $389,000 |
| Median Household Income | $69,200 |