Selah, WA—98942
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Selah, WA
As of Oct '25, the median home price in Selah, WA is $435,000, with a year-over-year change of 2.9%. This indicates that home prices in Selah, WA are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $435,000 | 2.9% |
| Single Family | $437,000 | 2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $248,000 | 1.6% |
2 Bed | $308,000 | 3.4% |
3 Bed | $433,000 | 2.9% |
4 Bed | $517,000 | 2.2% |
| 5 Bed | $576,000 | 0.9% |
% of Housing Stock
Rental Trends — Selah, WA
As of July '25, Rentcast reports the average rent in Selah, WA is $1,770, with a year-over-year rent change of 14.2%. Per bedroom, the median rent as of July '25 in Selah, WA is 2-bedrooms: $1,460, 3-bedrooms: $1,810, 4-bedrooms: $2,600. The most common rental property sizes in Selah, WA are 2-bedroom and 3-bedroom, accounting for 37.7% and 36.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,730 | $1,770 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,600 | $1,460 |
| 3 Bed Rent | $1,750 | $1,810 |
| 4 Bed Rent | $2,400 | $2,600 |
% of Rental Stock
Property Listings — Selah, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Selah, WA is 49. This is a increase of 7.0% 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 | $533,000 | 0.0% |
Listing Count | 60 | 20.0% |
| Listings as % of Homes | 0.4% | 20.0% |
Days on Market | 49 | 7.0% |
Demographics — Selah, WA
As of the latest ACS Survey released in 2023, Selah, WA has a population of 18,600, which has increased by 8.3% over the past 5 years. Selah, WA is a moderately popular place for families, as children make up 24.6% of the population. The area has a poorly educated workforce, with 24.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,600 | 8.3% |
% Under 18 | 24.6% | -10.5% |
% Seniors | 17.3% | 24.5% |
% WFH | 7.1% | 47.9% |
% w/ College Degree | 24.7% | 7.9% |
As of the latest ACS Survey released in 2023, Selah, WA is a predominantly white area, with 71.0% of the population identifying as white. The white population has shrunk by 12.8% in the last 5 years. The second most common race or ethnicity in Selah, WA is hispanic, making up 19.9% of the population. Foreign-born residents account for 6.4% of the population in Selah, WA, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 71.0% | -12.8% |
% Black | 0.4% | -66.7% |
% Hispanic | 19.9% | 76.1% |
% Asian | 1.1% | 57.1% |
% Foreign Born | 6.4% | 0.0% |
Mortgage and Risk — Selah, WA
According to HUD data as of 2023, there were 286 mortgage originations in Selah, WA, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Selah, WA. Investor activity is low, as 0.0% 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 | 286 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Selah, WA
Selah, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 72 |
Total Units Section 8 | 72 |
% Rentals under Section 8 | 4.1% |
% Occupied Section 8 | 88.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,200 |
| 2 Bedroom | -$30 | $1,600 | $1,570 |
| 3 Bedroom | $450 | $1,750 | $2,200 |
| 4 Bedroom | -$80 | $2,400 | $2,320 |
Affordability — Selah, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $435,000 |
| Median Household Income | $83,300 |