Yakima, WA—98908
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 $423,000, with a year-over-year change of 1.6%. This indicates that home prices in Yakima, WA are increasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $423,000 | 1.6% |
| Single Family | $432,000 | 1.6% |
| Condos | $290,000 | 1.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $273,000 | 4.2% |
2 Bed | $320,000 | 2.2% |
3 Bed | $412,000 | 1.7% |
4 Bed | $522,000 | 1.4% |
| 5 Bed | $585,000 | 0.7% |
% of Housing Stock
Rental Trends — Yakima, WA
As of July '25, Rentcast reports the average rent in Yakima, WA is $1,930, with a year-over-year rent change of 7.2%. Per bedroom, the median rent as of July '25 in Yakima, WA is 1-bedrooms: $998, 2-bedrooms: $1,680, 3-bedrooms: $2,140, 4-bedrooms: $2,580. The most common rental property sizes in Yakima, WA are 2-bedroom and 3-bedroom, accounting for 41.4% and 32.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,930 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $900 | $998 |
| 2 Bed Rent | $1,400 | $1,680 |
| 3 Bed Rent | $2,100 | $2,140 |
| 4 Bed Rent | $2,500 | $2,580 |
% 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 51. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $494,000 | 7.0% |
Listing Count | 164 | 13.0% |
| Listings as % of Homes | 0.4% | 13.0% |
Days on Market | 51 | 1.0% |
Demographics — Yakima, WA
As of the latest ACS Survey released in 2023, Yakima, WA has a population of 37,900, which has increased by 2.9% over the past 5 years. Yakima, WA is a moderately popular place for families, as children make up 24.3% of the population. The area has a moderately educated workforce, with 32.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,900 | 2.9% |
% Under 18 | 24.3% | 11.0% |
% Seniors | 21.0% | 0.0% |
% WFH | 6.8% | 78.9% |
% w/ College Degree | 32.8% | 12.3% |
As of the latest ACS Survey released in 2023, Yakima, WA is a predominantly white area, with 68.3% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Yakima, WA is hispanic, making up 23.6% of the population. Foreign-born residents account for 7.0% of the population in Yakima, WA, and this percentage has decreased by 11.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 68.3% | -4.6% |
% Black | 1.1% | 83.3% |
% Hispanic | 23.6% | 4.9% |
% Asian | 1.8% | -5.3% |
% Foreign Born | 7.0% | -11.4% |
Mortgage and Risk — Yakima, WA
According to HUD data as of 2023, there were 470 mortgage originations in Yakima, WA, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 28.0% 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. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 470 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Yakima, WA
As of 2024, the percent of homes in Yakima, WA under the Section 8 program is 2.9%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Yakima, WA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 173 |
Total Units Section 8 | 134 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $290 | $900 | $1,190 |
| 2 Bedroom | $160 | $1,400 | $1,560 |
| 3 Bedroom | $90 | $2,100 | $2,190 |
| 4 Bedroom | -$200 | $2,500 | $2,300 |
Affordability — Yakima, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $423,000 |
| Median Household Income | $80,300 |