Ellensburg, WA—98926
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ellensburg, WA
As of Oct '25, the median home price in Ellensburg, WA is $456,000, with a year-over-year change of -0.4%. This indicates that home prices in Ellensburg, WA are flat. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $456,000 | -0.4% |
| Single Family | $460,000 | -0.6% |
| Condos | $261,000 | -3.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $338,000 | -0.6% |
2 Bed | $347,000 | -0.9% |
3 Bed | $468,000 | -0.6% |
4 Bed | $535,000 | -0.4% |
| 5 Bed | $554,000 | -0.9% |
% of Housing Stock
Rental Trends — Ellensburg, WA
As of July '25, Rentcast reports the average rent in Ellensburg, WA is $1,860, with a year-over-year rent change of -4.1%. Per bedroom, the median rent as of July '25 in Ellensburg, WA is studios: $1,090, 1-bedrooms: $1,300, 2-bedrooms: $1,460, 3-bedrooms: $2,080, 4-bedrooms: $2,550. The most common rental property sizes in Ellensburg, WA are 2-bedroom and 3-bedroom, accounting for 40.1% and 24.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $1,860 |
| Studio Rent | $1,130 | $1,090 |
| 1 Bed Rent | $1,000 | $1,300 |
| 2 Bed Rent | $1,450 | $1,460 |
| 3 Bed Rent | $2,100 | $2,080 |
| 4 Bed Rent | $2,500 | $2,550 |
% of Rental Stock
Property Listings — Ellensburg, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Ellensburg, WA is 69. This is a increase of 8.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $499,000 | 8.0% |
Listing Count | 161 | 4.0% |
| Listings as % of Homes | 0.5% | 4.0% |
Days on Market | 69 | 8.0% |
Demographics — Ellensburg, WA
As of the latest ACS Survey released in 2023, Ellensburg, WA has a population of 31,900, which has decreased by -5.0% over the past 5 years. Ellensburg, WA is a moderately popular place for families, as children make up 17.9% of the population. The area has a moderately educated workforce, with 37.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,900 | -5.0% |
% Under 18 | 17.9% | 2.9% |
% Seniors | 15.5% | 13.1% |
% WFH | 10.7% | 205.7% |
% w/ College Degree | 37.9% | -4.8% |
As of the latest ACS Survey released in 2023, Ellensburg, WA is a predominantly white area, with 79.1% of the population identifying as white. The white population has shrunk by 3.5% in the last 5 years. The second most common race or ethnicity in Ellensburg, WA is hispanic, making up 11.1% of the population. Foreign-born residents account for 4.6% of the population in Ellensburg, WA, and this percentage has decreased by 24.6% 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 | 79.1% | -3.5% |
% Black | 1.3% | 18.2% |
% Hispanic | 11.1% | 14.4% |
% Asian | 2.2% | 15.8% |
% Foreign Born | 4.6% | -24.6% |
Mortgage and Risk — Ellensburg, WA
According to HUD data as of 2023, there were 509 mortgage originations in Ellensburg, WA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Ellensburg, WA. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 509 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Ellensburg, WA
Ellensburg, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 402 |
Total Units Section 8 | 402 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $10 | $1,000 | $1,010 |
| 2 Bedroom | -$130 | $1,450 | $1,320 |
| 3 Bedroom | -$250 | $2,100 | $1,850 |
| 4 Bedroom | -$280 | $2,500 | $2,220 |
Affordability — Ellensburg, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.7 |
| Median Home Price | $456,000 |
| Median Household Income | $66,800 |