Colbert, WA—99005
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Colbert, WA
As of Oct '25, the median home price in Colbert, WA is $588,000, with a year-over-year change of -1.3%. This indicates that home prices in Colbert, WA are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $588,000 | -1.3% |
| Single Family | $587,000 | -1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $510,000 | -0.2% |
3 Bed | $550,000 | -0.9% |
4 Bed | $588,000 | -1.5% |
| 5 Bed | $701,000 | -1.5% |
% of Housing Stock
Rental Trends — Colbert, WA
As of July '25, Rentcast reports the average rent in Colbert, WA is $2,390, with a year-over-year rent change of -13.7%. Per bedroom, the median rent as of July '25 in Colbert, WA is 1-bedrooms: $1,200, 2-bedrooms: $1,700, 3-bedrooms: $2,350, 4-bedrooms: $2,400. The most common rental property sizes in Colbert, WA are 3-bedroom and 2-bedroom, accounting for 54.1% and 28.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,390 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,200 |
| 2 Bed Rent | $1,700 | $1,700 |
| 3 Bed Rent | $2,200 | $2,350 |
| 4 Bed Rent | $2,200 | $2,400 |
% of Rental Stock
Property Listings — Colbert, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Colbert, WA is 58. This is a increase of 11.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $646,000 | 1.0% |
Listing Count | 52 | -12.0% |
| Listings as % of Homes | 0.5% | -12.0% |
Days on Market | 58 | 11.0% |
Demographics — Colbert, WA
As of the latest ACS Survey released in 2023, Colbert, WA has a population of 10,700, which has increased by 17.1% over the past 5 years. Colbert, WA is a popular place for families, as children make up 26.4% of the population. The area has a moderately educated workforce, with 35.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,700 | 17.1% |
% Under 18 | 26.4% | -3.6% |
% Seniors | 14.8% | 32.1% |
% WFH | 15.0% | 22.0% |
% w/ College Degree | 35.6% | -12.1% |
As of the latest ACS Survey released in 2023, Colbert, WA is a predominantly white area, with 87.6% of the population identifying as white. The white population has shrunk by 6.9% in the last 5 years. The second most common race or ethnicity in Colbert, WA is hispanic, making up 3.4% of the population. Foreign-born residents account for 2.1% of the population in Colbert, WA, and this percentage has decreased by 43.2% 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 | 87.6% | -6.9% |
% Black | 0.1% | ∞% |
% Hispanic | 3.4% | 61.9% |
% Asian | 1.3% | 333.3% |
% Foreign Born | 2.1% | -43.2% |
Mortgage and Risk — Colbert, WA
According to HUD data as of 2023, there were 179 mortgage originations in Colbert, WA, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Colbert, WA. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 179 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Colbert, WA
Colbert, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $270 | $1,200 | $1,470 |
| 2 Bedroom | $190 | $1,700 | $1,890 |
| 3 Bedroom | $410 | $2,200 | $2,610 |
| 4 Bedroom | $860 | $2,200 | $3,060 |
Affordability — Colbert, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $588,000 |
| Median Household Income | $123,000 |