College Place, WA—99324
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — College Place, WA
As of Oct '25, the median home price in College Place, WA is $404,000, with a year-over-year change of 1.1%. This indicates that home prices in College Place, WA are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $404,000 | 1.1% |
| Single Family | $406,000 | 0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $318,000 | 0.6% |
3 Bed | $406,000 | 0.7% |
4 Bed | $462,000 | 0.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — College Place, WA
As of July '25, Rentcast reports the average rent in College Place, WA is $1,560, with a year-over-year rent change of -3.1%. Per bedroom, the median rent as of July '25 in College Place, WA is studios: $975, 1-bedrooms: $1,060, 2-bedrooms: $1,430, 3-bedrooms: $2,000, 4-bedrooms: $2,260. The most common rental property sizes in College Place, WA are 2-bedroom and 1-bedroom, accounting for 48.4% and 22.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,420 | $1,560 |
| Studio Rent | $925 | $975 |
| 1 Bed Rent | $1,050 | $1,060 |
| 2 Bed Rent | $1,340 | $1,430 |
| 3 Bed Rent | $2,000 | $2,000 |
| 4 Bed Rent | $2,240 | $2,260 |
% of Rental Stock
Property Listings — College Place, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in College Place, WA is 97. This is a increase of 58.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $445,000 | -5.0% |
Listing Count | 50 | 39.0% |
| Listings as % of Homes | 0.5% | 39.0% |
Days on Market | 97 | 58.0% |
Demographics — College Place, WA
As of the latest ACS Survey released in 2023, College Place, WA has a population of 10,200, which has increased by 4.5% over the past 5 years. College Place, WA is a moderately popular place for families, as children make up 22.3% of the population. The area has a moderately educated workforce, with 36.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,200 | 4.5% |
% Under 18 | 22.3% | 10.9% |
% Seniors | 20.4% | 8.5% |
% WFH | 11.4% | 123.5% |
% w/ College Degree | 36.8% | 7.6% |
As of the latest ACS Survey released in 2023, College Place, WA is a predominantly white area, with 71.8% of the population identifying as white. The white population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in College Place, WA is hispanic, making up 19.7% of the population. Foreign-born residents account for 9.4% of the population in College Place, WA, and this percentage has decreased by 11.3% 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 | 71.8% | -4.3% |
% Black | 0.7% | -12.5% |
% Hispanic | 19.7% | 11.9% |
% Asian | 2.8% | 64.7% |
% Foreign Born | 9.4% | -11.3% |
Mortgage and Risk — College Place, WA
According to HUD data as of 2023, there were 95 mortgage originations in College Place, WA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in College Place, WA. Investor activity is low, as 5.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 95 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 5.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — College Place, WA
As of 2024, the percent of homes in College Place, WA under the Section 8 program is 14.8%. 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. 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in College Place, WA, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 182 |
Total Units Section 8 | 171 |
% Rentals under Section 8 | 14.8% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$20 | $1,050 | $1,030 |
| 2 Bedroom | $10 | $1,340 | $1,350 |
| 3 Bedroom | -$140 | $2,000 | $1,860 |
| 4 Bedroom | $30 | $2,240 | $2,270 |
Affordability — College Place, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $404,000 |
| Median Household Income | $64,500 |