Walla Walla, WA—99362
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Walla Walla, WA
As of Oct '25, the median home price in Walla Walla, WA is $410,000, with a year-over-year change of 3.3%. This indicates that home prices in Walla Walla, WA are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $410,000 | 3.3% |
| Single Family | $413,000 | 3.0% |
| Condos | $248,000 | 1.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $216,000 | 3.3% |
2 Bed | $292,000 | 4.3% |
3 Bed | $426,000 | 2.7% |
4 Bed | $517,000 | 2.6% |
| 5 Bed | $603,000 | 2.4% |
% of Housing Stock
Rental Trends — Walla Walla, WA
As of July '25, Rentcast reports the average rent in Walla Walla, WA is $1,710, with a year-over-year rent change of 3.6%. Per bedroom, the median rent as of July '25 in Walla Walla, WA is studios: $2,110, 1-bedrooms: $1,170, 2-bedrooms: $1,570, 3-bedrooms: $2,060, 4-bedrooms: $2,260. The most common rental property sizes in Walla Walla, WA are 2-bedroom and 1-bedroom, accounting for 39.3% and 26.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $1,710 |
| Studio Rent | $1,180 | $2,110 |
| 1 Bed Rent | $1,100 | $1,170 |
| 2 Bed Rent | $1,550 | $1,570 |
| 3 Bed Rent | $2,000 | $2,060 |
| 4 Bed Rent | $2,200 | $2,260 |
% of Rental Stock
Property Listings — Walla Walla, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Walla Walla, WA is 75. This is a decrease of -4.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $562,000 | 11.0% |
Listing Count | 199 | 9.0% |
| Listings as % of Homes | 0.5% | 9.0% |
Days on Market | 75 | -4.0% |
Demographics — Walla Walla, WA
As of the latest ACS Survey released in 2023, Walla Walla, WA has a population of 42,800, which has increased by 3.2% over the past 5 years. Walla Walla, WA is a moderately popular place for families, as children make up 19.0% of the population. The area has a moderately educated workforce, with 30.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 42,800 | 3.2% |
% Under 18 | 19.0% | -7.8% |
% Seniors | 20.4% | 16.6% |
% WFH | 12.3% | 108.5% |
% w/ College Degree | 30.7% | 5.1% |
As of the latest ACS Survey released in 2023, Walla Walla, WA is a predominantly white area, with 69.3% of the population identifying as white. The white population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in Walla Walla, WA is hispanic, making up 22.0% of the population. Foreign-born residents account for 8.9% of the population in Walla Walla, WA, and this percentage has decreased by 13.6% 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 | 69.3% | -2.4% |
% Black | 2.1% | -4.5% |
% Hispanic | 22.0% | 2.3% |
% Asian | 2.1% | 5.0% |
% Foreign Born | 8.9% | -13.6% |
Mortgage and Risk — Walla Walla, WA
According to HUD data as of 2023, there were 648 mortgage originations in Walla Walla, WA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Walla Walla, WA. Investor activity is low, as 1.0% 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 | 648 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Walla Walla, WA
As of 2024, the percent of homes in Walla Walla, WA under the Section 8 program is 17.0%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Walla Walla, WA, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,040 |
Total Units Section 8 | 1,003 |
% Rentals under Section 8 | 17.0% |
% Occupied Section 8 | 92.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $70 | $1,100 | $1,170 |
| 2 Bedroom | -$10 | $1,550 | $1,540 |
| 3 Bedroom | $120 | $2,000 | $2,120 |
| 4 Bedroom | $390 | $2,200 | $2,590 |
Affordability — Walla Walla, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $410,000 |
| Median Household Income | $70,700 |