Cle Elum, WA 98922 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Cle Elum, WA—98922

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$615,000

0.2% YoY Growth

Household Income

$73,000

27.3% YoY Growth

Days on Market

12.0% Longer YoY

Home Price Forecast

-1.8%

Median Rent

$2,250

25.0% YoY Growth

1-Bed Rent

$1,350

24.1% YoY Growth

2-Bed Rent

$1,880

6.5% YoY Growth

3-Bed Rent

$2,300

23.0% YoY Growth

Home Price Trends — Cle Elum, WA

As of May '26, the median home price in Cle Elum, WA is $615,000, with a year-over-year change of 0.2%. This indicates that home prices in Cle Elum, WA are flat. According to Zillow, the 1-year price projection is -1.8%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$615,000	0.2%
Single Family	$646,000	0.5%
Condos	$353,000	-0.8%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Cle Elum, WA

As of July '25, Rentcast reports the average rent in Cle Elum, WA is $3,000, with a year-over-year rent change of 25.0%. Per bedroom, the median rent as of July '25 in Cle Elum, WA is 1-bedrooms: $1,420, 2-bedrooms: $2,310, 3-bedrooms: $3,210, 4-bedrooms: $4,190. The most common rental property sizes in Cle Elum, WA are 3-bedroom and 1-bedroom, accounting for 46.6% and 26.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,250	$3,000
Studio Rent	N/A	N/A
1 Bed Rent	$1,350	$1,420
2 Bed Rent	$1,880	$2,310
3 Bed Rent	$2,300	$3,210
4 Bed Rent	$4,700	$4,190

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% of Rental Stock

Studio

6.6%

1 Bedroom

26.9%

2 Bedrooms

15.9%

3 Bedrooms

46.6%

4 Bedrooms

1.9%

5+ Bedrooms

2.1%

Property Listings — Cle Elum, WA

As of May '26, Realtor.com reports that the median days on market for a home in Cle Elum, WA is 58. This is a increase of 12.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$1,150,000	-13.0%
Listing Count	266	9.0%
Listings as % of Homes	0.7%	9.0%
Days on Market	58	12.0%

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Demographics — Cle Elum, WA

As of the latest ACS Survey released in 2023, Cle Elum, WA has a population of 7,920, which has increased by 21.4% over the past 5 years. Cle Elum, WA is a moderately popular place for families, as children make up 15.2% of the population. The area has a moderately educated workforce, with 29.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	7,920	21.4%
% Under 18	15.2%	-6.7%
% Seniors	21.8%	7.9%
% WFH	22.3%	214.1%
% w/ College Degree	29.0%	33.0%

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As of the latest ACS Survey released in 2023, Cle Elum, WA is a predominantly white area, with 81.3% of the population identifying as white. The white population has shrunk by 14.1% in the last 5 years. The second most common race or ethnicity in Cle Elum, WA is hispanic, making up 7.5% of the population. Foreign-born residents account for 1.0% of the population in Cle Elum, WA, and this percentage has decreased by 56.5% 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	81.3%	-14.1%
% Black	0.0%	N/A
% Hispanic	7.5%	212.5%
% Asian	0.6%	-60.0%
% Foreign Born	1.0%	-56.5%

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Mortgage and Risk — Cle Elum, WA

According to HUD data as of 2023, there were 336 mortgage originations in Cle Elum, WA, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Cle Elum, WA. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	336
% Conventional Loans	91.0%
% Government Loans	9.0%
% Investor Loans	1.0%
% Second Loans	24.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Cle Elum, WA

Cle Elum, WA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	7
Total Units Section 8	7
% Rentals under Section 8	N/A
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$400	$1,350	$950
2 Bedroom	-$630	$1,880	$1,250
3 Bedroom	-$550	$2,300	$1,750
4 Bedroom	-$2,590	$4,700	$2,110

Cle Elum, WA—98922

Key Metrics at a Glance

Home Price Trends — Cle Elum, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cle Elum, WA

% of Rental Stock

Property Listings — Cle Elum, WA

Demographics — Cle Elum, WA

Race and Ethnicity

Mortgage and Risk — Cle Elum, WA

Mortgages

Rentals and Section 8 — Cle Elum, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Cle Elum, WA

Home Price to Income Ratio

Cle Elum, WA — ZIP Code Boundary Map

Nearby ZIP Codes

South Cle Elum

Roslyn

Thorp, WA

Driftwood Acres

Leavenworth, WA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	8.8
Median Home Price	$615,000
Median Household Income	$73,000

Cle Elum, WA—98922

Key Metrics at a Glance

Home Price Trends — Cle Elum, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cle Elum, WA

% of Rental Stock

Property Listings — Cle Elum, WA

Demographics — Cle Elum, WA

Race and Ethnicity

Mortgage and Risk — Cle Elum, WA

Mortgages

Rentals and Section 8 — Cle Elum, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Cle Elum, WA

Home Price to Income Ratio

Cle Elum, WA — ZIP Code Boundary Map

Nearby ZIP Codes

South Cle Elum

Roslyn

Thorp, WA

Driftwood Acres

Leavenworth, WA

Frequently Asked Questions

What is the average home price in Cle Elum, WA 98922?

How have home prices in Cle Elum, WA 98922 changed over the past year?

What is the home price projection for Cle Elum, WA 98922?

What are the demographics of Cle Elum, WA 98922?

How long does it take homes to sell in Cle Elum, WA 98922?

What is the average rent price in Cle Elum, WA 98922?