Toppenish, WA98948

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$272,000
1.3% YoY Growth
Median Household Income
$67,200
50.8% 5-Year Growth
Days on Market
73
33.0% Shorter than last year
Home Price Forecast
0.5%
Median Rent
$1,750
180.0% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A

Property Listings — Toppenish, WA

As of Aug '25 and according to Realtor.com, the median days on market for a home in Toppenish, WA is 73. This is an decrease of -33.0% from last year. This indicates that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 40.0%. This is a large percentage of inventory, suggesting a lot of supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$274,000-9.0%
Listing Count
14N/A
Listings as % of Homes0.2%N/A
Days on Market
73-33.0%
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Demographics — Toppenish, WA

MetricLatest CensusYoY % Change
Population
13,000-0.9%
% Under 18
32.6%-4.1%
% Under 5N/AN/A
% Seniors
12.1%26.0%
% WFH
4.9%104.2%
% w/ College Degree
8.8%10.0%
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Race and Ethnicity

MetricLatest Census5-Year % Change
% White
8.4%-38.2%
% Black
0.0%-100.0%
% Hispanic
79.3%8.8%
% Asian
0.7%75.0%
% Foreign Born
28.5%3.3%
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Mortgage and Risk — Toppenish, WA

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Toppenish, WA in that year was 68. 75.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 66.0%. Of those, 40.0% were >90% loan to value. This is considered very high, suggesting that mortgage risk is large in Toppenish, WA. Investor activity in Toppenish, WA is low, as 4.0% of all loans are originated by investors. In 2023, 12.0% of all loans were cash-out refinances, suggesting many homeowners are actively tapping their home's equity.

Mortgages

MetricZip Code AverageMetro AverageState Average
Total Loan Originations
68N/AN/A
% Conventional Loans
75.0%N/AN/A
% Government Loans
25.0%N/AN/A
% Investor Loans
4.0%N/AN/A
% Second Loans
0.0%N/AN/A
% Cash Out Refinance
12.0%N/AN/A
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Rentals and Section 8 — Toppenish, WA

As of 2024, the percent of homes in Toppenish, WA under the Section 8 program is 5.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays homeowners more than the average rental market rate for various home sizes. For each bedroom size, the average difference between HUD payments and market rents is shown in the table below.

Section 8 Market Size

Total Units under HUD
83
Total Units Section 8
83
% Rentals under Section 8
5.7%
% Occupied Section 8
82.4%

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 BedroomN/AN/A$950
2 BedroomN/AN/A$1,240
3 BedroomN/AN/A$1,740
4 Bedroom$80$1,750$1,830

Affordability — Toppenish, WA

Home Price to Income Ratio

MetricZip Code AverageMetro AverageState Average
Home Price to Income Ratio3.8N/AN/A
Median Home Price$272,000N/AN/A
Median Household Income$67,200N/AN/A

Toppenish, WA — ZIP Code Boundary Map

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