Wapato, WA 98951 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Wapato, WA—98951

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$290,000

0.0% YoY Growth

Household Income

$63,100

35.6% YoY Growth

Days on Market

24.0% Longer YoY

Home Price Forecast

-1.4%

Median Rent

$2,100

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$1,700

N/A

Home Price Trends — Wapato, WA

As of May '26, the median home price in Wapato, WA is $290,000, with a year-over-year change of 0.0%. This indicates that home prices in Wapato, WA are flat. According to Zillow, the 1-year price projection is -1.4%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$290,000	0.0%
Single Family	$290,000	0.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

Loading chart...

% of Rental Stock

Studio

5.0%

1 Bedroom

10.3%

2 Bedrooms

36.1%

3 Bedrooms

33.7%

4 Bedrooms

13.1%

5+ Bedrooms

1.8%

Property Listings — Wapato, WA

As of May '26, Realtor.com reports that the median days on market for a home in Wapato, WA is 57. This is a increase of 24.0% 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 44.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$325,000	17.0%
Listing Count	9	0.0%
Listings as % of Homes	0.2%	0.0%
Days on Market	57	24.0%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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

Wapato, WA—98951

Key Metrics at a Glance

Home Price Trends — Wapato, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wapato, WA

% of Rental Stock

Property Listings — Wapato, WA

Demographics — Wapato, WA

Race and Ethnicity

Mortgage and Risk — Wapato, WA

Mortgages

Rentals and Section 8 — Wapato, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Wapato, WA

Home Price to Income Ratio

Wapato, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Harrah, WA

Yakima, WA

Yakima, WA

Toppenish, WA

Yakima, WA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.3
Median Home Price	$290,000
Median Household Income	$63,100

Wapato, WA—98951

Key Metrics at a Glance

Home Price Trends — Wapato, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wapato, WA

% of Rental Stock

Property Listings — Wapato, WA

Demographics — Wapato, WA

Race and Ethnicity

Mortgage and Risk — Wapato, WA

Mortgages

Rentals and Section 8 — Wapato, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Wapato, WA

Home Price to Income Ratio

Wapato, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Harrah, WA

Yakima, WA

Yakima, WA

Toppenish, WA

Yakima, WA

Frequently Asked Questions

What is the average home price in Wapato, WA 98951?

How have home prices in Wapato, WA 98951 changed over the past year?

What is the home price projection for Wapato, WA 98951?

What are the demographics of Wapato, WA 98951?

How long does it take homes to sell in Wapato, WA 98951?

What is the average rent price in Wapato, WA 98951?