Kennewick, WA—99337
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 $428,000, with a year-over-year change of -0.3%. 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 | $428,000 | -0.3% |
| Single Family | $429,000 | -0.2% |
| Condos | $386,000 | 2.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $343,000 | -0.6% |
3 Bed | $404,000 | -0.2% |
4 Bed | $468,000 | -0.2% |
| 5 Bed | $572,000 | 0.4% |
% of Housing Stock
Rental Trends — Kennewick, WA
As of July '25, Rentcast reports the average rent in Kennewick, WA is $2,170, with a year-over-year rent change of -3.1%. Per bedroom, the median rent as of July '25 in Kennewick, WA is 2-bedrooms: $1,370, 3-bedrooms: $2,280, 4-bedrooms: $2,880. The most common rental property sizes in Kennewick, WA are 3-bedroom and 2-bedroom, accounting for 41.5% and 33.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,170 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,420 | $1,370 |
| 3 Bed Rent | $2,000 | $2,280 |
| 4 Bed Rent | $2,700 | $2,880 |
% 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 58. This is a increase of 3.0% 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 27.0%, 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 | -8.0% |
Listing Count | 148 | 12.0% |
| Listings as % of Homes | 0.5% | 12.0% |
Days on Market | 58 | 3.0% |
Demographics — Kennewick, WA
As of the latest ACS Survey released in 2023, Kennewick, WA has a population of 33,100, which has increased by 6.4% over the past 5 years. Kennewick, WA is a popular place for families, as children make up 25.1% of the population. The area has a moderately educated workforce, with 28.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,100 | 6.4% |
% Under 18 | 25.1% | -2.0% |
% Seniors | 18.1% | 17.5% |
% WFH | 11.2% | 138.3% |
% w/ College Degree | 28.5% | 16.3% |
As of the latest ACS Survey released in 2023, Kennewick, WA is a predominantly white area, with 66.5% of the population identifying as white. The white population has shrunk by 13.0% in the last 5 years. The second most common race or ethnicity in Kennewick, WA is hispanic, making up 25.9% of the population. Foreign-born residents account for 11.9% of the population in Kennewick, WA, and this percentage has increased by 22.7% 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 | 66.5% | -13.0% |
% Black | 1.0% | -33.3% |
% Hispanic | 25.9% | 47.2% |
% Asian | 1.1% | -21.4% |
% Foreign Born | 11.9% | 22.7% |
Mortgage and Risk — Kennewick, WA
According to HUD data as of 2023, there were 757 mortgage originations in Kennewick, WA, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Kennewick, WA. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 757 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Kennewick, WA
Kennewick, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 57 |
Total Units Section 8 | 57 |
% Rentals under Section 8 | 3.8% |
% Occupied Section 8 | 72.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,390 |
| 2 Bedroom | $270 | $1,420 | $1,690 |
| 3 Bedroom | $250 | $2,000 | $2,250 |
| 4 Bedroom | -$90 | $2,700 | $2,610 |
Affordability — Kennewick, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $428,000 |
| Median Household Income | $90,200 |