Cowiche, WA 98947 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Cowiche, WA—98947

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$352,000

1.1% YoY Growth

Household Income

$66,700

39.3% YoY Growth

Days on Market

114.0% Longer YoY

Home Price Forecast

-1.5%

Median Rent

$1,200

0.0% YoY Growth

1-Bed Rent

$1,010

0.0% YoY Growth

2-Bed Rent

N/A

3-Bed Rent

$1,200

7.0% YoY Growth

Other Zip Codes in Cowiche, WA

98923

Home Price Trends — Cowiche, WA

As of May '26, the median home price in Cowiche, WA is $352,000, with a year-over-year change of 1.1%. This indicates that home prices in Cowiche, WA are increasing. 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	$352,000	1.1%
Single Family	$353,000	0.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

Loading chart...

% of Rental Stock

Studio

3.5%

1 Bedroom

9.6%

2 Bedrooms

47.8%

3 Bedrooms

37.0%

4 Bedrooms

2.2%

Property Listings — Cowiche, WA

As of May '26, Realtor.com reports that the median days on market for a home in Cowiche, WA is 75. This is a increase of 114.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$350,000	2.0%
Listing Count	21	-28.0%
Listings as % of Homes	0.5%	-28.0%
Days on Market	75	114.0%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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

Cowiche, WA—98947

Key Metrics at a Glance

Other Zip Codes in Cowiche, WA

Home Price Trends — Cowiche, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cowiche, WA

% of Rental Stock

Property Listings — Cowiche, WA

Demographics — Cowiche, WA

Race and Ethnicity

Mortgage and Risk — Cowiche, WA

Mortgages

Rentals and Section 8 — Cowiche, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Cowiche, WA

Home Price to Income Ratio

Cowiche, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Cowiche, WA

Yakima, WA

Yakima, WA

Selah, WA

Yakima, WA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5
Median Home Price	$352,000
Median Household Income	$66,700

Cowiche, WA—98947

Key Metrics at a Glance

Other Zip Codes in Cowiche, WA

Home Price Trends — Cowiche, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cowiche, WA

% of Rental Stock

Property Listings — Cowiche, WA

Demographics — Cowiche, WA

Race and Ethnicity

Mortgage and Risk — Cowiche, WA

Mortgages

Rentals and Section 8 — Cowiche, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Cowiche, WA

Home Price to Income Ratio

Cowiche, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Cowiche, WA

Yakima, WA

Yakima, WA

Selah, WA

Yakima, WA

Frequently Asked Questions

What is the average home price in Cowiche, WA 98947?

How have home prices in Cowiche, WA 98947 changed over the past year?

What is the home price projection for Cowiche, WA 98947?

What are the demographics of Cowiche, WA 98947?

How long does it take homes to sell in Cowiche, WA 98947?

What is the average rent price in Cowiche, WA 98947?