Pasco, WA—99301
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pasco, WA
As of Oct '25, the median home price in Pasco, WA is $415,000, with a year-over-year change of -0.6%. This indicates that home prices in Pasco, WA are flat. 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 | $415,000 | -0.6% |
| Single Family | $415,000 | -0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $239,000 | 1.7% |
2 Bed | $286,000 | 1.4% |
3 Bed | $393,000 | -0.8% |
4 Bed | $469,000 | -0.6% |
| 5 Bed | $542,000 | -0.6% |
% of Housing Stock
Rental Trends — Pasco, WA
As of July '25, Rentcast reports the average rent in Pasco, WA is $1,870, with a year-over-year rent change of -1.6%. Per bedroom, the median rent as of July '25 in Pasco, WA is studios: $995, 1-bedrooms: $1,260, 2-bedrooms: $1,470, 3-bedrooms: $2,060, 4-bedrooms: $2,780. The most common rental property sizes in Pasco, WA are 3-bedroom and 2-bedroom, accounting for 35.8% and 28.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $1,870 |
| Studio Rent | $995 | $995 |
| 1 Bed Rent | $1,200 | $1,260 |
| 2 Bed Rent | $1,480 | $1,470 |
| 3 Bed Rent | $2,100 | $2,060 |
| 4 Bed Rent | $2,500 | $2,780 |
% of Rental Stock
Property Listings — Pasco, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Pasco, WA is 46. This is a decrease of -8.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $510,000 | 0.0% |
Listing Count | 261 | -2.0% |
| Listings as % of Homes | 0.6% | -2.0% |
Days on Market | 46 | -8.0% |
Demographics — Pasco, WA
As of the latest ACS Survey released in 2023, Pasco, WA has a population of 86,500, which has increased by 9.8% over the past 5 years. Pasco, WA is a popular place for families, as children make up 32.0% of the population. The area has a poorly educated workforce, with 21.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 86,500 | 9.8% |
% Under 18 | 32.0% | -3.6% |
% Seniors | 9.9% | 15.1% |
% WFH | 7.0% | 75.0% |
% w/ College Degree | 21.5% | 13.2% |
As of the latest ACS Survey released in 2023, Pasco, WA is a predominantly hispanic area, with 55.4% of the population identifying as hispanic. The hispanic population has grown by 5.1% in the last 5 years. The second most common race or ethnicity in Pasco, WA is white, making up 37.0% of the population. Foreign-born residents account for 21.1% of the population in Pasco, WA, and this percentage has decreased by 5.0% 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 | 37.0% | -9.3% |
% Black | 1.9% | -20.8% |
% Hispanic | 55.4% | 5.1% |
% Asian | 1.7% | -29.2% |
% Foreign Born | 21.1% | -5.0% |
Mortgage and Risk — Pasco, WA
According to HUD data as of 2023, there were 1452 mortgage originations in Pasco, WA, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Pasco, WA. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,452 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Pasco, WA
As of 2024, the percent of homes in Pasco, WA under the Section 8 program is 3.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Pasco, WA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 559 |
Total Units Section 8 | 279 |
% Rentals under Section 8 | 3.4% |
% Occupied Section 8 | 76.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $0 | $1,200 | $1,200 |
| 2 Bedroom | -$20 | $1,480 | $1,460 |
| 3 Bedroom | -$150 | $2,100 | $1,950 |
| 4 Bedroom | -$250 | $2,500 | $2,250 |
Affordability — Pasco, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $415,000 |
| Median Household Income | $82,500 |