Nine Mile Falls, WA—99026
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Nine Mile Falls, WA
As of Oct '25, the median home price in Nine Mile Falls, WA is $548,000, with a year-over-year change of 1.3%. This indicates that home prices in Nine Mile Falls, WA are increasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $548,000 | 1.3% |
| Single Family | $551,000 | 1.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $452,000 | 1.8% |
3 Bed | $533,000 | 1.5% |
4 Bed | $580,000 | 0.5% |
| 5 Bed | $653,000 | 0.0% |
% of Housing Stock
Rental Trends — Nine Mile Falls, WA
As of July '25, Rentcast reports the average rent in Nine Mile Falls, WA is $2,550, with a year-over-year rent change of 8.5%. Per bedroom, the median rent as of July '25 in Nine Mile Falls, WA is 2-bedrooms: $1,300, 3-bedrooms: $3,400, 4-bedrooms: $2,750. The most common rental property sizes in Nine Mile Falls, WA are 3-bedroom and 5+ bedroom, accounting for 42.6% and 23.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,550 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,300 | $1,300 |
| 3 Bed Rent | $3,400 | $3,400 |
| 4 Bed Rent | $2,500 | $2,750 |
% of Rental Stock
Property Listings — Nine Mile Falls, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Nine Mile Falls, WA is 59. This is a increase of 29.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $655,000 | 0.0% |
Listing Count | 68 | 31.0% |
| Listings as % of Homes | 0.6% | 31.0% |
Days on Market | 59 | 29.0% |
Demographics — Nine Mile Falls, WA
As of the latest ACS Survey released in 2023, Nine Mile Falls, WA has a population of 9,210, which has remained stable by -1.0% over the past 5 years. Nine Mile Falls, WA is a moderately popular place for families, as children make up 18.2% of the population. The area has a moderately educated workforce, with 28.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,210 | -1.0% |
% Under 18 | 18.2% | -14.2% |
% Seniors | 30.2% | 42.5% |
% WFH | 11.5% | 113.0% |
% w/ College Degree | 28.1% | 6.0% |
As of the latest ACS Survey released in 2023, Nine Mile Falls, WA is a predominantly white area, with 89.4% of the population identifying as white. The white population has shrunk by 0.8% in the last 5 years. The second most common race or ethnicity in Nine Mile Falls, WA is hispanic, making up 4.7% of the population. Foreign-born residents account for 3.9% of the population in Nine Mile Falls, WA, and this percentage has decreased by 35.0% 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 | 89.4% | -0.8% |
% Black | 0.0% | -100.0% |
% Hispanic | 4.7% | 38.2% |
% Asian | 0.7% | -12.5% |
% Foreign Born | 3.9% | -35.0% |
Mortgage and Risk — Nine Mile Falls, WA
According to HUD data as of 2023, there were 317 mortgage originations in Nine Mile Falls, WA, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Nine Mile Falls, WA. Investor activity is low, as 0.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 317 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Nine Mile Falls, WA
Nine Mile Falls, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 2.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,010 |
| 2 Bedroom | $0 | $1,300 | $1,300 |
| 3 Bedroom | -$1,610 | $3,400 | $1,790 |
| 4 Bedroom | -$400 | $2,500 | $2,100 |
Affordability — Nine Mile Falls, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $548,000 |
| Median Household Income | $98,100 |