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  4. /Kennewick, WA - 99337

Kennewick, WA—99337

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$437,000
0.7% YoY Growth
Household Income
$90,200
23.5% YoY Growth
Days on Market
68
46.0% Longer YoY
Home Price Forecast
-0.2%
Median Rent
$2,000
3.1% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$1,420
1.5% YoY Growth
3-Bed Rent
$2,000
0.9% YoY Growth

Other Zip Codes in Kennewick, WA

9933699338
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Kennewick, WA

As of May '26, the median home price in Kennewick, WA is $437,000, with a year-over-year change of 0.7%. This indicates that home prices in Kennewick, WA are flat. 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 TypeMedian Home ValueYoY % Change
All Homes
$437,0000.7%
Single Family $438,0000.7%
Condos $387,0002.4%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$347,0000.3%
    3 Bed
    		$413,0001.0%
    4 Bed
    		$479,0000.4%
    5 Bed $580,9500.6%
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    % of Housing Stock

    Studio
    1.0%
    1 Bedroom
    2.1%
    2 Bedrooms
    14.3%
    3 Bedrooms
    51.4%
    4 Bedrooms
    25.2%
    5+ Bedrooms
    6.0%

    Rental Trends — Kennewick, WA

    As of July '25, Rentcast reports the average rent in Kennewick, WA is $2,170, with a year-over-year rent change of -3.1%. Per bedroom, the median rent as of July '25 in Kennewick, WA is 2-bedrooms: $1,370, 3-bedrooms: $2,280, 4-bedrooms: $2,880. The most common rental property sizes in Kennewick, WA are 3-bedroom and 2-bedroom, accounting for 41.5% and 33.1% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,000$2,170
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $1,420$1,370
    3 Bed Rent $2,000$2,280
    4 Bed Rent $2,700$2,880
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    % of Rental Stock

    Studio
    1.7%
    1 Bedroom
    13.6%
    2 Bedrooms
    33.1%
    3 Bedrooms
    41.5%
    4 Bedrooms
    8.4%
    5+ Bedrooms
    1.7%

    Property Listings — Kennewick, WA

    As of May '26, Realtor.com reports that the median days on market for a home in Kennewick, WA is 68. This is a increase of 46.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$477,000-5.0%
    Listing Count
    		13122.0%
    Listings as % of Homes0.5%22.0%
    Days on Market
    		6846.0%
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    Demographics — Kennewick, WA

    As of the latest ACS Survey released in 2023, Kennewick, WA has a population of 33,100, which has increased by 6.4% over the past 5 years. Kennewick, WA is a popular place for families, as children make up 25.1% of the population. The area has a moderately educated workforce, with 28.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		33,1006.4%
    % Under 18
    		25.1%-2.0%
    % Seniors
    		18.1%17.5%
    % WFH
    		11.2%138.3%
    % w/ College Degree
    		28.5%16.3%
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    As of the latest ACS Survey released in 2023, Kennewick, WA is a predominantly white area, with 66.5% of the population identifying as white. The white population has shrunk by 13.0% in the last 5 years. The second most common race or ethnicity in Kennewick, WA is hispanic, making up 25.9% of the population. Foreign-born residents account for 11.9% of the population in Kennewick, WA, and this percentage has increased by 22.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		66.5%-13.0%
    % Black
    		1.0%-33.3%
    % Hispanic
    		25.9%47.2%
    % Asian
    		1.1%-21.4%
    % Foreign Born
    		11.9%22.7%
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    Mortgage and Risk — Kennewick, WA

    According to HUD data as of 2023, there were 757 mortgage originations in Kennewick, WA, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Kennewick, WA. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		757
    % Conventional Loans
    		75.0%
    % Government Loans
    		25.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		14.0%
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    Rentals and Section 8 — Kennewick, WA

    Kennewick, WA lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		57
    Total Units Section 8
    		57
    % Rentals under Section 8
    		3.8%
    % Occupied Section 8
    		72.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,390
    2 Bedroom$270$1,420$1,690
    3 Bedroom$250$2,000$2,250
    4 Bedroom-$90$2,700$2,610

    Affordability — Kennewick, WA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.6
    Median Home Price$437,000
    Median Household Income$90,200

    Kennewick, WA — ZIP Code Boundary Map

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    Frequently Asked Questions