Kennewick, WA—99338
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 $561,000, with a year-over-year change of -0.1%. 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 | $561,000 | -0.2% |
| Single Family | $565,000 | -0.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $501,000 | -0.4% |
4 Bed | $616,000 | 0.5% |
| 5 Bed | $770,000 | 0.0% |
% of Housing Stock
Rental Trends — Kennewick, WA
As of July '25, Rentcast reports the average rent in Kennewick, WA is $2,310, with a year-over-year rent change of -9.1%. Per bedroom, the median rent as of July '25 in Kennewick, WA is 1-bedrooms: $1,490, 2-bedrooms: $1,770, 3-bedrooms: $2,320, 4-bedrooms: $3,140. The most common rental property sizes in Kennewick, WA are 2-bedroom and 3-bedroom, accounting for 54.9% and 28.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,310 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,550 | $1,490 |
| 2 Bed Rent | $1,900 | $1,770 |
| 3 Bed Rent | $2,200 | $2,320 |
| 4 Bed Rent | $2,900 | $3,140 |
% 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 62. This is a increase of 33.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $520,000 | -3.0% |
Listing Count | 203 | 22.0% |
| Listings as % of Homes | 1.2% | 22.0% |
Days on Market | 62 | 33.0% |
Demographics — Kennewick, WA
As of the latest ACS Survey released in 2023, Kennewick, WA has a population of 19,200, which has increased by 22.3% over the past 5 years. Kennewick, WA is a popular place for families, as children make up 28.5% of the population. The area has a moderately educated workforce, with 42.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,200 | 22.3% |
% Under 18 | 28.5% | -2.1% |
% Seniors | 16.3% | 17.3% |
% WFH | 13.8% | 79.2% |
% w/ College Degree | 42.4% | -4.3% |
As of the latest ACS Survey released in 2023, Kennewick, WA is a predominantly white area, with 74.1% 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 16.4% of the population. Foreign-born residents account for 8.5% of the population in Kennewick, WA, and this percentage has increased by 123.7% 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 | 74.1% | -13.0% |
% Black | 2.4% | 118.2% |
% Hispanic | 16.4% | 86.4% |
% Asian | 2.2% | -8.3% |
% Foreign Born | 8.5% | 123.7% |
Mortgage and Risk — Kennewick, WA
According to HUD data as of 2023, there were 471 mortgage originations in Kennewick, WA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 26.0% 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. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 471 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Kennewick, WA
As of 2024, the percent of homes in Kennewick, WA under the Section 8 program is 5.7%. 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. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Kennewick, WA, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 56 |
Total Units Section 8 | 56 |
% Rentals under Section 8 | 5.7% |
% Occupied Section 8 | 72.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$130 | $1,550 | $1,420 |
| 2 Bedroom | -$170 | $1,900 | $1,730 |
| 3 Bedroom | $110 | $2,200 | $2,310 |
| 4 Bedroom | -$230 | $2,900 | $2,670 |
Affordability — Kennewick, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $561,000 |
| Median Household Income | $116,000 |