Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Asotin County | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $97,552 | $471,160 | $242,182 |
| Price Trend (Annual %) | -4.0% | 12.1% | 8.2% |
| Median Gross Rent | $993 | $1,681 | $1,342 |
| Rent Trend (Annual %) | 5.0% | 6.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Asotin County is about 79% lower than in Washington. Rent is about 41% lower than the Washington average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Asotin County: home prices fell about 4.0% a year while rent rose about 5.0% a year. That is an unusual pattern worth watching.
Median rent in Asotin County rose about 43.3% between 2015 and 2023, from $693 to $993. Over the same span, rent in Washington rose about 65.7%.
Affordability
On average, housing unit costs 1.4 yearly household incomes in Asotin County.
Buying the median-priced home in Asotin County costs roughly 8.2 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Asotin County. The price-to-rent ratio in Washington is about 23.4.
| Metric | Asotin County | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $97,552 | $471,160 | $242,182 |
| Median Household Income | $69,228 | $95,177 | $78,145 |
| Price-to-Income Ratio | 1.4 | 5.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Asotin County fell about 30.8%, while median household income rose about 69.9% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Asotin County | Washington Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.4% | 59.1% | 58.2% |
| Rental Rate | 24.5% | 33.4% | 31.3% |
| Vacancy Rate | 7.1% | 7.4% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Asotin County has a homeownership rate of 68.4%, higher than the Washington average of 59.1%. Its housing vacancy rate is 7.1%, compared with 7.4% in Washington.
Housing Stock
| Metric | Asotin County | Washington Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.35 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1976 | 1982 | 1978 |
| Median Number of Rooms | 5.9 | 5.5 | 5.5 |
The typical housing unit in Asotin County was built around 1976. On average, 2.3 people live in a home with about 5.9 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Asotin County, Washington.
What is the median home price in Asotin County, Washington?
The median home price in Asotin County, Washington is $97,552, lower than the Washington average of $471,160.
What is the average home price in Asotin County, Washington?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Asotin County, Washington?
The median gross rent in Asotin County, Washington is $993 per month, lower than the Washington average of $1,681.
What was the median gross rent in Asotin County in 2020?
In 2020, the median gross rent in Asotin County, Washington was $819 per month.
What is the price-to-rent ratio in Asotin County, Washington?
The price-to-rent ratio in Asotin County, Washington is about 8.2, meaning it would take roughly 8.2 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Asotin County.
Are home prices or rent rising faster in Asotin County, Washington?
Home prices and rent are moving in opposite directions in Asotin County: home prices fell about 4.0% a year while rent rose about 5.0% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Asotin County, Washington?
68.4% of households in Asotin County, Washington own their home, higher than the Washington average of 59.1%.
What is the vacancy rate in Asotin County, Washington?
The housing vacancy rate in Asotin County, Washington is 7.1%, lower than the Washington average of 7.4%.