West Richland, WA—99353
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — West Richland, WA
As of Oct '25, the median home price in West Richland, WA is $494,000, with a year-over-year change of 0.6%. This indicates that home prices in West Richland, WA are flat. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $494,000 | 0.6% |
| Single Family | $495,000 | 0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $332,000 | 0.3% |
3 Bed | $442,000 | 0.0% |
4 Bed | $550,000 | 0.5% |
| 5 Bed | $637,000 | -0.3% |
% of Housing Stock
Rental Trends — West Richland, WA
As of July '25, Rentcast reports the average rent in West Richland, WA is $2,030, with a year-over-year rent change of -3.8%. Per bedroom, the median rent as of July '25 in West Richland, WA is 2-bedrooms: $1,450, 3-bedrooms: $2,170, 4-bedrooms: $2,490. The most common rental property sizes in West Richland, WA are 3-bedroom and 2-bedroom, accounting for 50.5% and 23.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,030 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,350 | $1,450 |
| 3 Bed Rent | $2,100 | $2,170 |
| 4 Bed Rent | $2,400 | $2,490 |
% of Rental Stock
Property Listings — West Richland, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in West Richland, WA is 57. 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $472,000 | -14.0% |
Listing Count | 110 | 79.0% |
| Listings as % of Homes | 0.8% | 79.0% |
Days on Market | 57 | 3.0% |
Demographics — West Richland, WA
As of the latest ACS Survey released in 2023, West Richland, WA has a population of 18,700, which has increased by 17.8% over the past 5 years. West Richland, WA is a popular place for families, as children make up 32.3% of the population. The area has a moderately educated workforce, with 39.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,700 | 17.8% |
% Under 18 | 32.3% | 5.6% |
% Seniors | 11.7% | 12.5% |
% WFH | 16.3% | 307.5% |
% w/ College Degree | 39.5% | 1.3% |
As of the latest ACS Survey released in 2023, West Richland, WA is a predominantly white area, with 74.0% of the population identifying as white. The white population has shrunk by 12.7% in the last 5 years. The second most common race or ethnicity in West Richland, WA is hispanic, making up 14.7% of the population. Foreign-born residents account for 7.4% of the population in West Richland, WA, and this percentage has increased by 89.7% 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 | 74.0% | -12.7% |
% Black | 0.8% | -33.3% |
% Hispanic | 14.7% | 58.1% |
% Asian | 2.1% | 75.0% |
% Foreign Born | 7.4% | 89.7% |
Mortgage and Risk — West Richland, WA
According to HUD data as of 2023, there were 391 mortgage originations in West Richland, WA, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in West Richland, WA. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 391 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — West Richland, WA
West Richland, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 26 |
Total Units Section 8 | 26 |
% Rentals under Section 8 | 2.4% |
% Occupied Section 8 | 72.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,620 |
| 2 Bedroom | $620 | $1,350 | $1,970 |
| 3 Bedroom | $530 | $2,100 | $2,630 |
| 4 Bedroom | $640 | $2,400 | $3,040 |
Affordability — West Richland, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $494,000 |
| Median Household Income | $120,000 |