Wapato, WA—98951
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wapato, WA
As of Oct '25, the median home price in Wapato, WA is $278,000, with a year-over-year change of 1.4%. This indicates that home prices in Wapato, WA are increasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $278,000 | 1.4% |
| Single Family | $278,000 | 0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $226,000 | 0.9% |
3 Bed | $309,000 | 1.6% |
4 Bed | $353,000 | 2.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Wapato, WA
Wapato, WA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $1,980 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,700 | $1,900 |
| 4 Bed Rent | $2,150 | $2,150 |
% of Rental Stock
Property Listings — Wapato, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Wapato, WA is 48. This is a decrease of -11.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $440,000 | -3.0% |
Listing Count | 9 | 4.0% |
| Listings as % of Homes | 0.2% | 4.0% |
Days on Market | 48 | -11.0% |
Demographics — Wapato, WA
As of the latest ACS Survey released in 2023, Wapato, WA has a population of 12,900, which has remained stable by 0.1% over the past 5 years. Wapato, WA is a popular place for families, as children make up 31.4% of the population. The area has a poorly educated workforce, with 10.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,900 | 0.1% |
% Under 18 | 31.4% | -5.4% |
% Seniors | 11.0% | 8.9% |
% WFH | 4.7% | 113.6% |
% w/ College Degree | 10.8% | -3.6% |
As of the latest ACS Survey released in 2023, Wapato, WA is a predominantly hispanic area, with 64.4% of the population identifying as hispanic. The hispanic population has grown by 12.4% in the last 5 years. The second most common race or ethnicity in Wapato, WA is white, making up 12.3% of the population. Foreign-born residents account for 24.7% of the population in Wapato, WA, and this percentage has increased by 15.4% 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 | 12.3% | -16.3% |
% Black | 0.2% | 100.0% |
% Hispanic | 64.4% | 12.4% |
% Asian | 2.4% | -17.2% |
% Foreign Born | 24.7% | 15.4% |
Mortgage and Risk — Wapato, WA
According to HUD data as of 2023, there were 68 mortgage originations in Wapato, WA, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Wapato, WA. Investor activity is low, as 0.0% of loans were by investors. 28.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 68 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 28.0% |
Loan Activity
Rentals and Section 8 — Wapato, WA
Wapato, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 26 |
Total Units Section 8 | 26 |
% Rentals under Section 8 | 1.6% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $900 |
| 2 Bedroom | N/A | N/A | $1,180 |
| 3 Bedroom | -$30 | $1,700 | $1,670 |
| 4 Bedroom | -$390 | $2,150 | $1,760 |
Affordability — Wapato, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $278,000 |
| Median Household Income | $63,100 |