Kennewick, Washington Housing Market Prices
Kennewick Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 56% below the Washington median$213,980
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Median rent 30% below the Washington median$1,231
Housing Market Overview
| Metric | Kennewick | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $213,980 | $485,016 | $248,835 |
| Price Trend (Annual %) | 8.7% | 10.9% | 7.5% |
| Median Gross Rent | $1,231 | $1,759 | $1,407 |
| Rent Trend (Annual %) | 5.1% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Kennewick is about 56% lower than in Washington. Rent is about 30% lower than the Washington average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Kennewick, up about 8.7% and 5.1% a year respectively. Home prices are changing faster.
Median rent in Kennewick rose about 52.9% between 2015 and 2024, from $805 to $1,231. Over the same span, rent in Washington rose about 73.4%.
Affordability
On average, housing unit costs 3.0 yearly household incomes in Kennewick.
Buying the median-priced home in Kennewick costs roughly 14.5 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 Kennewick. The price-to-rent ratio in Washington is about 23.0.
| Metric | Kennewick | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $213,980 | $485,016 | $248,835 |
| Median Household Income | $70,836 | $98,224 | $80,455 |
| Price-to-Income Ratio | 3.0 | 4.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Kennewick rose about 94.0%, while median household income rose about 56.5% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Kennewick | Washington Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.8% | 59.1% | 58.5% |
| Rental Rate | 38.8% | 33.6% | 31.2% |
| Vacancy Rate | 6.4% | 7.3% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Kennewick has a homeownership rate of 54.8%, lower than the Washington average of 59.1%. Its housing vacancy rate is 6.4%, compared with 7.3% in Washington.
Housing Stock
| Metric | Kennewick | Washington Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.63 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1980 | 1983 | 1978 |
| Median Number of Rooms | 5.3 | 5.5 | 5.5 |
The typical housing unit in Kennewick was built around 1980. On average, 2.6 people live in a home with about 5.3 rooms, staying for about 13.0 years on average.
Kennewick, WA Housing Compared With Nearby Cities
How Kennewick, WA compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Kennewick, WA | 74,609 | $213,980 #3/3 | $1,231 #2/3 | 58.6% #3/3 |
| Pasco, WA | 72,525 | $410,062 | $1,197 | 70.8% |
| Richland, WA | 59,474 | $274,003 | $1,468 | 63.9% |
Frequently Asked Questions
Common questions about the housing market in Kennewick, Washington.
What is the median home price in Kennewick, Washington?
The median home price in Kennewick, Washington is $213,980, lower than the Washington average of $485,016.
What is the average home price in Kennewick, Washington?
The typical home price in Kennewick, Washington, reported as the median sale price, is $213,980. 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 Kennewick, Washington?
The median gross rent in Kennewick, Washington is $1,231 per month, lower than the Washington average of $1,759.
What was the median gross rent in Kennewick in 2020?
In 2020, the median gross rent in Kennewick, Washington was $947 per month.
What is the price-to-rent ratio in Kennewick, Washington?
The price-to-rent ratio in Kennewick, Washington is about 14.5, meaning it would take roughly 14.5 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 Kennewick.
Are home prices or rent rising faster in Kennewick, Washington?
Both home prices and rent are rising in Kennewick, up about 8.7% and 5.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Kennewick, Washington?
54.8% of households in Kennewick, Washington own their home, lower than the Washington average of 59.1%.
What is the vacancy rate in Kennewick, Washington?
The housing vacancy rate in Kennewick, Washington is 6.4%, lower than the Washington average of 7.3%.
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