Cle Elum, WA—98922
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cle Elum, WA
As of Oct '25, the median home price in Cle Elum, WA is $605,000, with a year-over-year change of -0.7%. This indicates that home prices in Cle Elum, WA are flat. 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 | $605,000 | -0.7% |
| Single Family | $635,000 | -0.5% |
| Condos | $352,000 | -7.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $385,000 | -4.0% |
2 Bed | $530,000 | -0.2% |
3 Bed | $774,000 | -1.0% |
4 Bed | $1,332,000 | -1.6% |
| 5 Bed | $1,964,000 | -3.9% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Cle Elum, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Cle Elum, WA is 110. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,390,000 | 33.0% |
Listing Count | 239 | 8.0% |
| Listings as % of Homes | 0.7% | 8.0% |
Days on Market | 110 | -2.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Cle Elum, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.7 |
| Median Home Price | $605,000 |
| Median Household Income | $73,000 |