Colbert, WA 99005 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Colbert, WA—99005

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$582,000

1.3% YoY Growth

Household Income

$123,000

32.0% YoY Growth

Days on Market

2.0% Longer YoY

Home Price Forecast

0.5%

Median Rent

$2,200

13.7% YoY Growth

1-Bed Rent

$1,200

N/A

2-Bed Rent

$1,700

26.1% YoY Growth

3-Bed Rent

$2,200

13.0% YoY Growth

Home Price Trends — Colbert, WA

As of Dec '25, the median home price in Colbert, WA is $582,000, with a year-over-year change of -1.3%. This indicates that home prices in Colbert, WA are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$582,000	-1.3%
Single Family	$582,000	-1.2%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Colbert, WA

As of July '25, Rentcast reports the average rent in Colbert, WA is $2,390, with a year-over-year rent change of -13.7%. Per bedroom, the median rent as of July '25 in Colbert, WA is 1-bedrooms: $1,200, 2-bedrooms: $1,700, 3-bedrooms: $2,350, 4-bedrooms: $2,400. The most common rental property sizes in Colbert, WA are 3-bedroom and 2-bedroom, accounting for 54.1% and 28.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,200	$2,390
Studio Rent	N/A	N/A
1 Bed Rent	$1,200	$1,200
2 Bed Rent	$1,700	$1,700
3 Bed Rent	$2,200	$2,350
4 Bed Rent	$2,200	$2,400

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% of Rental Stock

1 Bedroom

12.3%

2 Bedrooms

28.9%

3 Bedrooms

54.1%

4 Bedrooms

4.7%

Property Listings — Colbert, WA

As of Dec '25, Realtor.com reports that the median days on market for a home in Colbert, WA is 58. This is a increase of 8.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$718,000	2.0%
Listing Count	39	-1.0%
Listings as % of Homes	0.5%	-1.0%
Days on Market	70	2.0%

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Demographics — Colbert, WA

As of the latest ACS Survey released in 2023, Colbert, WA has a population of 10,700, which has increased by 17.1% over the past 5 years. Colbert, WA is a popular place for families, as children make up 26.4% of the population. The area has a moderately educated workforce, with 35.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	10,700	17.1%
% Under 18	26.4%	-3.6%
% Seniors	14.8%	32.1%
% WFH	15.0%	22.0%
% w/ College Degree	35.6%	-12.1%

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As of the latest ACS Survey released in 2023, Colbert, WA is a predominantly white area, with 87.6% of the population identifying as white. The white population has shrunk by 6.9% in the last 5 years. The second most common race or ethnicity in Colbert, WA is hispanic, making up 3.4% of the population. Foreign-born residents account for 2.1% of the population in Colbert, WA, and this percentage has decreased by 43.2% 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	87.6%	-6.9%
% Black	0.1%	∞%
% Hispanic	3.4%	61.9%
% Asian	1.3%	333.3%
% Foreign Born	2.1%	-43.2%

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Mortgage and Risk — Colbert, WA

According to HUD data as of 2023, there were 179 mortgage originations in Colbert, WA, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Colbert, WA. Investor activity is low, as 0.0% 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	179
% Conventional Loans	88.0%
% Government Loans	12.0%
% Investor Loans	0.0%
% Second Loans	1.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Colbert, WA

Colbert, WA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	1
Total Units Section 8	1
% Rentals under Section 8	N/A
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$270	$1,200	$1,470
2 Bedroom	$190	$1,700	$1,890
3 Bedroom	$410	$2,200	$2,610
4 Bedroom	$860	$2,200	$3,060

Colbert, WA—99005

Key Metrics at a Glance

Home Price Trends — Colbert, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Colbert, WA

% of Rental Stock

Property Listings — Colbert, WA

Demographics — Colbert, WA

Race and Ethnicity

Mortgage and Risk — Colbert, WA

Mortgages

Rentals and Section 8 — Colbert, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Colbert, WA

Home Price to Income Ratio

Colbert, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Mead, Spokane, WA

Country Homes

Chattaroy, WA

North Spokane, Spokane, WA

Hillyard, Spokane, WA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.7
Median Home Price	$582,000
Median Household Income	$123,000

Colbert, WA—99005

Key Metrics at a Glance

Home Price Trends — Colbert, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Colbert, WA

% of Rental Stock

Property Listings — Colbert, WA

Demographics — Colbert, WA

Race and Ethnicity

Mortgage and Risk — Colbert, WA

Mortgages

Rentals and Section 8 — Colbert, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Colbert, WA

Home Price to Income Ratio

Colbert, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Mead, Spokane, WA

Country Homes

Chattaroy, WA

North Spokane, Spokane, WA

Hillyard, Spokane, WA

Frequently Asked Questions

What is the average home price in Colbert, WA 99005?

How have home prices in Colbert, WA 99005 changed over the past year?

What is the home price projection for Colbert, WA 99005?

What are the demographics of Colbert, WA 99005?

How long does it take homes to sell in Colbert, WA 99005?

What is the average rent price in Colbert, WA 99005?