College Place, WA 99324 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

College Place, WA—99324

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$401,000

0.8% YoY Growth

Household Income

$64,500

27.9% YoY Growth

Days on Market

31.0% Longer YoY

Home Price Forecast

1.6%

Median Rent

$1,420

3.1% YoY Growth

1-Bed Rent

$1,050

16.4% YoY Growth

2-Bed Rent

$1,340

1.4% YoY Growth

3-Bed Rent

$2,000

3.1% YoY Growth

Home Price Trends — College Place, WA

As of Dec '25, the median home price in College Place, WA is $401,000, with a year-over-year change of 0.8%. This indicates that home prices in College Place, 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	$401,000	0.8%
Single Family	$402,000	0.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — College Place, WA

As of July '25, Rentcast reports the average rent in College Place, WA is $1,560, with a year-over-year rent change of -3.1%. Per bedroom, the median rent as of July '25 in College Place, WA is studios: $975, 1-bedrooms: $1,060, 2-bedrooms: $1,430, 3-bedrooms: $2,000, 4-bedrooms: $2,260. The most common rental property sizes in College Place, WA are 2-bedroom and 1-bedroom, accounting for 48.4% and 22.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,420	$1,560
Studio Rent	$925	$975
1 Bed Rent	$1,050	$1,060
2 Bed Rent	$1,340	$1,430
3 Bed Rent	$2,000	$2,000
4 Bed Rent	$2,240	$2,260

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% of Rental Stock

Studio

2.4%

1 Bedroom

22.5%

2 Bedrooms

48.4%

3 Bedrooms

21.0%

4 Bedrooms

1.9%

5+ Bedrooms

3.8%

Property Listings — College Place, WA

As of Dec '25, Realtor.com reports that the median days on market for a home in College Place, WA is 101. This is a increase of 54.0% 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	$468,000	-4.0%
Listing Count	37	47.0%
Listings as % of Homes	0.5%	47.0%
Days on Market	82	31.0%

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Demographics — College Place, WA

As of the latest ACS Survey released in 2023, College Place, WA has a population of 10,200, which has increased by 4.5% over the past 5 years. College Place, WA is a moderately popular place for families, as children make up 22.3% of the population. The area has a moderately educated workforce, with 36.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	10,200	4.5%
% Under 18	22.3%	10.9%
% Seniors	20.4%	8.5%
% WFH	11.4%	123.5%
% w/ College Degree	36.8%	7.6%

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As of the latest ACS Survey released in 2023, College Place, WA is a predominantly white area, with 71.8% of the population identifying as white. The white population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in College Place, WA is hispanic, making up 19.7% of the population. Foreign-born residents account for 9.4% of the population in College Place, WA, and this percentage has decreased by 11.3% 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	71.8%	-4.3%
% Black	0.7%	-12.5%
% Hispanic	19.7%	11.9%
% Asian	2.8%	64.7%
% Foreign Born	9.4%	-11.3%

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Mortgage and Risk — College Place, WA

According to HUD data as of 2023, there were 95 mortgage originations in College Place, WA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in College Place, WA. Investor activity is low, as 5.0% 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	95
% Conventional Loans	83.0%
% Government Loans	17.0%
% Investor Loans	5.0%
% Second Loans	2.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — College Place, WA

As of 2024, the percent of homes in College Place, WA under the Section 8 program is 14.8%. 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. 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in College Place, WA, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom units do not.

Section 8 Market Size

Total Units under HUD	182
Total Units Section 8	171
% Rentals under Section 8	14.8%
% Occupied Section 8	92.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$20	$1,050	$1,030
2 Bedroom	$10	$1,340	$1,350
3 Bedroom	-$140	$2,000	$1,860
4 Bedroom	$30	$2,240	$2,270

College Place, WA—99324

Key Metrics at a Glance

Home Price Trends — College Place, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — College Place, WA

% of Rental Stock

Property Listings — College Place, WA

Demographics — College Place, WA

Race and Ethnicity

Mortgage and Risk — College Place, WA

Mortgages

Rentals and Section 8 — College Place, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — College Place, WA

Home Price to Income Ratio

College Place, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Walla Walla, WA

Milton Freewater, OR

Milton Freewater, OR

Dixie

Weston, OR

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6
Median Home Price	$401,000
Median Household Income	$64,500

College Place, WA—99324

Key Metrics at a Glance

Home Price Trends — College Place, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — College Place, WA

% of Rental Stock

Property Listings — College Place, WA

Demographics — College Place, WA

Race and Ethnicity

Mortgage and Risk — College Place, WA

Mortgages

Rentals and Section 8 — College Place, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — College Place, WA

Home Price to Income Ratio

College Place, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Walla Walla, WA

Milton Freewater, OR

Milton Freewater, OR

Dixie

Weston, OR

Frequently Asked Questions

What is the average home price in College Place, WA 99324?

How have home prices in College Place, WA 99324 changed over the past year?

What is the home price projection for College Place, WA 99324?

What are the demographics of College Place, WA 99324?

How long does it take homes to sell in College Place, WA 99324?

What is the average rent price in College Place, WA 99324?