Ellensburg, WA 98926 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Ellensburg, WA—98926

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$463,000

0.7% YoY Growth

Household Income

$66,800

25.9% YoY Growth

Days on Market

28.0% Longer YoY

Home Price Forecast

-1.5%

Median Rent

$1,750

4.1% YoY Growth

1-Bed Rent

$1,000

44.6% YoY Growth

2-Bed Rent

$1,450

6.6% YoY Growth

3-Bed Rent

$2,100

4.5% YoY Growth

Home Price Trends — Ellensburg, WA

As of May '26, the median home price in Ellensburg, WA is $463,000, with a year-over-year change of -0.7%. This indicates that home prices in Ellensburg, WA are flat. According to Zillow, the 1-year price projection is -1.5%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$463,000	-0.7%
Single Family	$467,000	-0.4%
Condos	$267,000	-2.2%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

5.6%

1 Bedroom

19.6%

2 Bedrooms

40.1%

3 Bedrooms

24.4%

4 Bedrooms

5.9%

5+ Bedrooms

4.4%

Property Listings — Ellensburg, WA

As of May '26, Realtor.com reports that the median days on market for a home in Ellensburg, WA is 38. This is a increase of 28.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$584,000	5.0%
Listing Count	127	-10.0%
Listings as % of Homes	0.5%	-10.0%
Days on Market	38	28.0%

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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%

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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%

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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%

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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

Ellensburg, WA—98926

Key Metrics at a Glance

Home Price Trends — Ellensburg, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ellensburg, WA

% of Rental Stock

Property Listings — Ellensburg, WA

Demographics — Ellensburg, WA

Race and Ethnicity

Mortgage and Risk — Ellensburg, WA

Mortgages

Rentals and Section 8 — Ellensburg, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Ellensburg, WA

Home Price to Income Ratio

Ellensburg, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Kittitas

Yakima, WA

Malaga, WA

Selah, WA

Thorp, WA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6.8
Median Home Price	$463,000
Median Household Income	$66,800

Ellensburg, WA—98926

Key Metrics at a Glance

Home Price Trends — Ellensburg, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ellensburg, WA

% of Rental Stock

Property Listings — Ellensburg, WA

Demographics — Ellensburg, WA

Race and Ethnicity

Mortgage and Risk — Ellensburg, WA

Mortgages

Rentals and Section 8 — Ellensburg, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Ellensburg, WA

Home Price to Income Ratio

Ellensburg, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Kittitas

Yakima, WA

Malaga, WA

Selah, WA

Thorp, WA

Frequently Asked Questions

What is the average home price in Ellensburg, WA 98926?

How have home prices in Ellensburg, WA 98926 changed over the past year?

What is the home price projection for Ellensburg, WA 98926?

What are the demographics of Ellensburg, WA 98926?

How long does it take homes to sell in Ellensburg, WA 98926?

What is the average rent price in Ellensburg, WA 98926?