Moses Lake, WA—98837
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Moses Lake, WA
As of Oct '25, the median home price in Moses Lake, WA is $362,000, with a year-over-year change of 0.4%. This indicates that home prices in Moses Lake, WA are flat. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $362,000 | 0.4% |
| Single Family | $364,000 | 0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $214,000 | 7.0% |
2 Bed | $244,000 | -0.4% |
3 Bed | $345,000 | 0.9% |
4 Bed | $440,000 | 0.5% |
| 5 Bed | $547,000 | 0.6% |
% of Housing Stock
Rental Trends — Moses Lake, WA
As of July '25, Rentcast reports the average rent in Moses Lake, WA is $1,650, with a year-over-year rent change of -5.2%. Per bedroom, the median rent as of July '25 in Moses Lake, WA is studios: $869, 1-bedrooms: $1,240, 2-bedrooms: $1,470, 3-bedrooms: $1,980, 4-bedrooms: $2,550. The most common rental property sizes in Moses Lake, WA are 2-bedroom and 3-bedroom, accounting for 40.9% and 30.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,650 |
| Studio Rent | $850 | $869 |
| 1 Bed Rent | $1,000 | $1,240 |
| 2 Bed Rent | $1,550 | $1,470 |
| 3 Bed Rent | $1,850 | $1,980 |
| 4 Bed Rent | $2,400 | $2,550 |
% of Rental Stock
Property Listings — Moses Lake, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Moses Lake, WA is 73. This is a increase of 15.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $425,000 | -7.0% |
Listing Count | 265 | 20.0% |
| Listings as % of Homes | 0.7% | 20.0% |
Days on Market | 73 | 15.0% |
Demographics — Moses Lake, WA
As of the latest ACS Survey released in 2023, Moses Lake, WA has a population of 47,400, which has increased by 10.0% over the past 5 years. Moses Lake, WA is a popular place for families, as children make up 26.3% of the population. The area has a poorly educated workforce, with 20.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 47,400 | 10.0% |
% Under 18 | 26.3% | -5.1% |
% Seniors | 14.8% | 2.1% |
% WFH | 10.0% | 58.7% |
% w/ College Degree | 20.6% | 0.5% |
As of the latest ACS Survey released in 2023, Moses Lake, WA is a predominantly white area, with 58.1% of the population identifying as white. The white population has shrunk by 11.2% in the last 5 years. The second most common race or ethnicity in Moses Lake, WA is hispanic, making up 33.1% of the population. Foreign-born residents account for 10.2% of the population in Moses Lake, WA, and this percentage has increased by 1.0% 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 | 58.1% | -11.2% |
% Black | 1.9% | 46.2% |
% Hispanic | 33.1% | 14.1% |
% Asian | 1.6% | 0.0% |
% Foreign Born | 10.2% | 1.0% |
Mortgage and Risk — Moses Lake, WA
According to HUD data as of 2023, there were 879 mortgage originations in Moses Lake, WA, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Moses Lake, 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 | 879 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Moses Lake, WA
Moses Lake, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 417 |
Total Units Section 8 | 342 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 89.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$60 | $1,000 | $940 |
| 2 Bedroom | -$340 | $1,550 | $1,210 |
| 3 Bedroom | -$150 | $1,850 | $1,700 |
| 4 Bedroom | -$370 | $2,400 | $2,030 |
Affordability — Moses Lake, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $362,000 |
| Median Household Income | $70,700 |