Yakima, WA—98902
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Yakima, WA
As of Oct '25, the median home price in Yakima, WA is $293,000, with a year-over-year change of 2.7%. This indicates that home prices in Yakima, WA are increasing. 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 | $293,000 | 2.7% |
| Single Family | $294,000 | 2.8% |
| Condos | $261,000 | 2.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $190,000 | 7.3% |
2 Bed | $248,000 | 3.3% |
3 Bed | $316,000 | 2.6% |
4 Bed | $356,000 | 2.0% |
| 5 Bed | $384,000 | 1.1% |
% of Housing Stock
Rental Trends — Yakima, WA
As of July '25, Rentcast reports the average rent in Yakima, WA is $1,440, with a year-over-year rent change of 17.1%. Per bedroom, the median rent as of July '25 in Yakima, WA is studios: $712, 1-bedrooms: $877, 2-bedrooms: $1,350, 3-bedrooms: $1,650, 4-bedrooms: $2,310. The most common rental property sizes in Yakima, WA are 2-bedroom and 1-bedroom, accounting for 44.5% and 24.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,440 |
| Studio Rent | $575 | $712 |
| 1 Bed Rent | $895 | $877 |
| 2 Bed Rent | $1,300 | $1,350 |
| 3 Bed Rent | $1,650 | $1,650 |
| 4 Bed Rent | $2,300 | $2,310 |
% of Rental Stock
Property Listings — Yakima, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Yakima, WA is 44. This is a increase of 26.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $338,000 | -2.0% |
Listing Count | 95 | -1.0% |
| Listings as % of Homes | 0.3% | -1.0% |
Days on Market | 44 | 26.0% |
Demographics — Yakima, WA
As of the latest ACS Survey released in 2023, Yakima, WA has a population of 45,400, which has decreased by -2.4% over the past 5 years. Yakima, WA is a popular place for families, as children make up 27.9% of the population. The area has a poorly educated workforce, with 18.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 45,400 | -2.4% |
% Under 18 | 27.9% | -2.4% |
% Seniors | 16.2% | 19.1% |
% WFH | 6.4% | 82.9% |
% w/ College Degree | 18.5% | 14.9% |
As of the latest ACS Survey released in 2023, Yakima, WA is a predominantly hispanic area, with 50.0% of the population identifying as hispanic. The hispanic population has grown by 2.5% in the last 5 years. The second most common race or ethnicity in Yakima, WA is white, making up 39.5% of the population. Foreign-born residents account for 19.9% of the population in Yakima, WA, and this percentage has increased by 14.4% 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 | 39.5% | -13.8% |
% Black | 1.6% | 77.8% |
% Hispanic | 50.0% | 2.5% |
% Asian | 1.2% | 71.4% |
% Foreign Born | 19.9% | 14.4% |
Mortgage and Risk — Yakima, WA
According to HUD data as of 2023, there were 586 mortgage originations in Yakima, WA, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Yakima, WA. Investor activity is low, as 3.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 586 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Yakima, WA
As of 2024, the percent of homes in Yakima, WA under the Section 8 program is 8.6%. 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. 1-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Yakima, WA, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 768 |
Total Units Section 8 | 726 |
% Rentals under Section 8 | 8.6% |
% Occupied Section 8 | 87.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $85 | $895 | $980 |
| 2 Bedroom | -$10 | $1,300 | $1,290 |
| 3 Bedroom | $160 | $1,650 | $1,810 |
| 4 Bedroom | -$400 | $2,300 | $1,900 |
Affordability — Yakima, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $293,000 |
| Median Household Income | $60,000 |