Cowiche, WA—98947
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Cowiche, WA
Home Price Trends — Cowiche, WA
As of Oct '25, the median home price in Cowiche, WA is $335,000, with a year-over-year change of 2.2%. This indicates that home prices in Cowiche, WA are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $335,000 | 2.2% |
| Single Family | $335,000 | 2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $275,000 | 2.2% |
3 Bed | $365,000 | 2.0% |
4 Bed | $366,000 | 1.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cowiche, WA
As of July '25, Rentcast reports the average rent in Cowiche, WA is $1,710, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Cowiche, WA is 1-bedrooms: $1,010, 3-bedrooms: $1,680, 4-bedrooms: $2,500. The most common rental property sizes in Cowiche, WA are 2-bedroom and 3-bedroom, accounting for 47.8% and 37.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,710 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,010 | $1,010 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,200 | $1,680 |
| 4 Bed Rent | $2,500 | $2,500 |
% of Rental Stock
Property Listings — Cowiche, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Cowiche, WA is 34. This is a increase of 351.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $372,000 | 6.0% |
Listing Count | 19 | 48.0% |
| Listings as % of Homes | 0.5% | 48.0% |
Days on Market | 34 | 351.0% |
Demographics — Cowiche, WA
As of the latest ACS Survey released in 2023, Cowiche, WA has a population of 3,150, which has decreased by -4.6% over the past 5 years. Cowiche, WA is a popular place for families, as children make up 38.6% of the population. The area has a poorly educated workforce, with 20.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,150 | -4.6% |
% Under 18 | 38.6% | 3.2% |
% Seniors | 6.9% | 7.8% |
% WFH | 6.9% | 146.4% |
% w/ College Degree | 20.6% | -4.6% |
As of the latest ACS Survey released in 2023, Cowiche, WA is a predominantly hispanic area, with 63.0% of the population identifying as hispanic. The hispanic population has grown by 45.5% in the last 5 years. The second most common race or ethnicity in Cowiche, WA is white, making up 34.2% of the population. Foreign-born residents account for 21.1% of the population in Cowiche, WA, and this percentage has increased by 2.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 34.2% | -25.3% |
% Black | 1.7% | -58.5% |
% Hispanic | 63.0% | 45.5% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 21.1% | 2.4% |
Mortgage and Risk — Cowiche, WA
According to HUD data as of 2023, there were 87 mortgage originations in Cowiche, WA, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Cowiche, WA. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 87 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Cowiche, WA
Cowiche, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 18 |
Total Units Section 8 | 18 |
% Rentals under Section 8 | 7.8% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $60 | $1,010 | $1,070 |
| 2 Bedroom | N/A | N/A | $1,400 |
| 3 Bedroom | $760 | $1,200 | $1,960 |
| 4 Bedroom | -$430 | $2,500 | $2,070 |
Affordability — Cowiche, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $335,000 |
| Median Household Income | $66,700 |