Kennewick, WA—99336
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Kennewick, WA
As of Oct '25, the median home price in Kennewick, WA is $366,000, with a year-over-year change of -0.6%. This indicates that home prices in Kennewick, WA are flat. 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 | $366,000 | -0.6% |
| Single Family | $370,000 | -0.5% |
| Condos | $241,000 | 1.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $277,000 | 0.4% |
3 Bed | $350,000 | -0.6% |
4 Bed | $427,000 | -0.5% |
| 5 Bed | $521,000 | -0.4% |
% of Housing Stock
Rental Trends — Kennewick, WA
As of July '25, Rentcast reports the average rent in Kennewick, WA is $1,690, with a year-over-year rent change of 7.6%. Per bedroom, the median rent as of July '25 in Kennewick, WA is studios: $1,240, 1-bedrooms: $1,220, 2-bedrooms: $1,410, 3-bedrooms: $2,020, 4-bedrooms: $2,900. The most common rental property sizes in Kennewick, WA are 2-bedroom and 1-bedroom, accounting for 40.9% and 28.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,690 |
| Studio Rent | $1,100 | $1,240 |
| 1 Bed Rent | $1,150 | $1,220 |
| 2 Bed Rent | $1,340 | $1,410 |
| 3 Bed Rent | $2,100 | $2,020 |
| 4 Bed Rent | $2,700 | $2,900 |
% of Rental Stock
Property Listings — Kennewick, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Kennewick, WA is 53. This is a increase of 38.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $390,000 | 5.0% |
Listing Count | 126 | 19.0% |
| Listings as % of Homes | 0.3% | 19.0% |
Days on Market | 53 | 38.0% |
Demographics — Kennewick, WA
As of the latest ACS Survey released in 2023, Kennewick, WA has a population of 51,200, which has decreased by -1.6% over the past 5 years. Kennewick, WA is a popular place for families, as children make up 26.0% of the population. The area has a poorly educated workforce, with 21.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 51,200 | -1.6% |
% Under 18 | 26.0% | -12.2% |
% Seniors | 14.6% | 23.7% |
% WFH | 6.4% | 82.9% |
% w/ College Degree | 21.3% | 24.6% |
As of the latest ACS Survey released in 2023, Kennewick, WA is a predominantly white area, with 54.7% of the population identifying as white. The white population has shrunk by 5.7% in the last 5 years. The second most common race or ethnicity in Kennewick, WA is hispanic, making up 36.7% of the population. Foreign-born residents account for 16.0% of the population in Kennewick, WA, and this percentage has increased by 6.7% 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 | 54.7% | -5.7% |
% Black | 3.0% | 50.0% |
% Hispanic | 36.7% | 9.2% |
% Asian | 1.9% | -24.0% |
% Foreign Born | 16.0% | 6.7% |
Mortgage and Risk — Kennewick, WA
According to HUD data as of 2023, there were 605 mortgage originations in Kennewick, WA, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Kennewick, WA. Investor activity is low, as 3.0% 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 | 605 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Kennewick, WA
As of 2024, the percent of homes in Kennewick, WA under the Section 8 program is 11.5%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Kennewick, WA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,357 |
Total Units Section 8 | 1,095 |
% Rentals under Section 8 | 11.5% |
% Occupied Section 8 | 79.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $1,150 | $1,200 |
| 2 Bedroom | $120 | $1,340 | $1,460 |
| 3 Bedroom | -$150 | $2,100 | $1,950 |
| 4 Bedroom | -$450 | $2,700 | $2,250 |
Affordability — Kennewick, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $366,000 |
| Median Household Income | $63,300 |