Palouse, WA—99161
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Palouse, WA
As of Oct '25, the median home price in Palouse, WA is $341,000, with a year-over-year change of -0.1%. This indicates that home prices in Palouse, WA are flat. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $341,000 | -0.1% |
| Single Family | $341,000 | -0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $273,000 | -0.7% |
3 Bed | $357,000 | 0.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Palouse, WA
As of July '25, Rentcast reports the average rent in Palouse, WA is $995, with a year-over-year rent change of 14.4%. Per bedroom, the median rent as of July '25 in Palouse, WA is 3-bedrooms: $995. The most common rental property sizes in Palouse, WA are 3-bedroom and 1-bedroom, accounting for 24.0% and 23.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $995 | $995 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $995 | $995 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Palouse, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Palouse, WA is 137. This is a increase of 48.0% 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 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $376,000 | 8.0% |
Listing Count | 8 | -10.0% |
| Listings as % of Homes | 1.1% | -10.0% |
Days on Market | 137 | 48.0% |
Demographics — Palouse, WA
As of the latest ACS Survey released in 2023, Palouse, WA has a population of 1,480, which has increased by 13.1% over the past 5 years. Palouse, WA is a moderately popular place for families, as children make up 22.3% of the population. The area has a highly educated workforce, with 47.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,480 | 13.1% |
% Under 18 | 22.3% | 42.9% |
% Seniors | 21.9% | -4.8% |
% WFH | 13.1% | 118.3% |
% w/ College Degree | 47.8% | 2.6% |
As of the latest ACS Survey released in 2023, Palouse, WA is a predominantly white area, with 83.8% of the population identifying as white. The white population has shrunk by 9.2% in the last 5 years. The second most common race or ethnicity in Palouse, WA is hispanic, making up 4.6% of the population. Foreign-born residents account for 4.1% of the population in Palouse, WA, and this percentage has increased by 173.3% 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 | 83.8% | -9.2% |
% Black | 0.0% | -100.0% |
% Hispanic | 4.6% | 35.3% |
% Asian | 1.6% | 6.7% |
% Foreign Born | 4.1% | 173.3% |
Mortgage and Risk — Palouse, WA
According to HUD data as of 2023, there were 82 mortgage originations in Palouse, WA, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Palouse, WA. Investor activity is low, as 0.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 82 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Palouse, WA
Palouse, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 13 |
Total Units Section 8 | 2 |
% 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 | N/A | N/A | $810 |
| 2 Bedroom | N/A | N/A | $1,060 |
| 3 Bedroom | $495 | $995 | $1,490 |
| 4 Bedroom | N/A | N/A | $1,790 |
Affordability — Palouse, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $341,000 |
| Median Household Income | $90,800 |