Prosser, WA—99350
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Prosser, WA
As of Oct '25, the median home price in Prosser, WA is $414,000, with a year-over-year change of 0.2%. This indicates that home prices in Prosser, WA are flat. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $414,000 | 0.2% |
| Single Family | $414,000 | 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 | $305,000 | 1.7% |
3 Bed | $384,000 | 0.5% |
4 Bed | $528,000 | 2.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Prosser, WA
As of July '25, Rentcast reports the average rent in Prosser, WA is $1,440, with a year-over-year rent change of -31.4%. Per bedroom, the median rent as of July '25 in Prosser, WA is 1-bedrooms: $878, 2-bedrooms: $1,550, 3-bedrooms: $2,350. The most common rental property sizes in Prosser, WA are 2-bedroom and 3-bedroom, accounting for 37.7% and 23.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,440 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $777 | $878 |
| 2 Bed Rent | $1,100 | $1,550 |
| 3 Bed Rent | $2,350 | $2,350 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Prosser, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Prosser, WA is 62. This is a decrease of -11.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $615,000 | 32.0% |
Listing Count | 55 | 15.0% |
| Listings as % of Homes | 0.8% | 15.0% |
Days on Market | 62 | -11.0% |
Demographics — Prosser, WA
As of the latest ACS Survey released in 2023, Prosser, WA has a population of 14,300, which has increased by 1.9% over the past 5 years. Prosser, WA is a popular place for families, as children make up 30.1% of the population. The area has a poorly educated workforce, with 19.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,300 | 1.9% |
% Under 18 | 30.1% | 10.3% |
% Seniors | 12.9% | -11.6% |
% WFH | 10.3% | 106.0% |
% w/ College Degree | 19.8% | 4.8% |
As of the latest ACS Survey released in 2023, Prosser, WA is a predominantly white area, with 49.6% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Prosser, WA is hispanic, making up 45.7% of the population. Foreign-born residents account for 14.5% of the population in Prosser, WA, and this percentage has decreased by 34.4% 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 | 49.6% | -2.2% |
% Black | 0.9% | 200.0% |
% Hispanic | 45.7% | -3.0% |
% Asian | 2.1% | 600.0% |
% Foreign Born | 14.5% | -34.4% |
Mortgage and Risk — Prosser, WA
According to HUD data as of 2023, there were 230 mortgage originations in Prosser, WA, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Prosser, WA. Investor activity is low, as 3.0% 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 | 230 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Prosser, WA
Prosser, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 46 |
Total Units Section 8 | 46 |
% Rentals under Section 8 | 2.8% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $313 | $777 | $1,090 |
| 2 Bedroom | $240 | $1,100 | $1,340 |
| 3 Bedroom | -$580 | $2,350 | $1,770 |
| 4 Bedroom | N/A | N/A | $2,130 |
Affordability — Prosser, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $414,000 |
| Median Household Income | $74,400 |