Pasco, Washington Housing Market Prices
Pasco 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 15% below the Washington median$410,062
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Median rent 32% below the Washington median$1,197
Housing Market Overview
| Metric | Pasco | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $410,062 | $485,016 | $248,835 |
| Price Trend (Annual %) | 8.8% | 10.9% | 7.5% |
| Median Gross Rent | $1,197 | $1,759 | $1,407 |
| Rent Trend (Annual %) | 5.0% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pasco is about 15% lower than in Washington. Rent is about 32% 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 Pasco, up about 8.8% and 5.0% a year respectively. Home prices are changing faster.
Median rent in Pasco rose about 49.1% between 2015 and 2024, from $803 to $1,197. Over the same span, rent in Washington rose about 73.4%.
Affordability
On average, housing unit costs 4.8 yearly household incomes in Pasco.
Buying the median-priced home in Pasco costs roughly 28.6 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Pasco. The price-to-rent ratio in Washington is about 23.0.
| Metric | Pasco | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $410,062 | $485,016 | $248,835 |
| Median Household Income | $85,623 | $98,224 | $80,455 |
| Price-to-Income Ratio | 4.8 | 4.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Pasco rose about 139.6%, while median household income rose about 84.4% 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 | Pasco | Washington Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.8% | 59.1% | 58.5% |
| Rental Rate | 27.9% | 33.6% | 31.2% |
| Vacancy Rate | 4.2% | 7.3% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Pasco has a homeownership rate of 67.8%, higher than the Washington average of 59.1%. Its housing vacancy rate is 4.2%, compared with 7.3% in Washington.
Housing Stock
| Metric | Pasco | Washington Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.18 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1993 | 1983 | 1978 |
| Median Number of Rooms | 5.7 | 5.5 | 5.5 |
The typical housing unit in Pasco was built around 1993. On average, 3.2 people live in a home with about 5.7 rooms, staying for about 12.0 years on average.
Pasco, WA Housing Compared With Nearby Cities
How Pasco, WA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Pasco, WA | 72,525 | $410,062 #1/2 | $1,197 #2/2 | 70.8% #1/2 |
| Richland, WA | 59,474 | $274,003 | $1,468 | 63.9% |
Frequently Asked Questions
Common questions about the housing market in Pasco, Washington.
What is the median home price in Pasco, Washington?
The median home price in Pasco, Washington is $410,062, lower than the Washington average of $485,016.
What is the average home price in Pasco, Washington?
The typical home price in Pasco, Washington, reported as the median sale price, is $410,062. 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 Pasco, Washington?
The median gross rent in Pasco, Washington is $1,197 per month, lower than the Washington average of $1,759.
What was the median gross rent in Pasco in 2020?
In 2020, the median gross rent in Pasco, Washington was $911 per month.
What is the price-to-rent ratio in Pasco, Washington?
The price-to-rent ratio in Pasco, Washington is about 28.6, meaning it would take roughly 28.6 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Pasco.
Are home prices or rent rising faster in Pasco, Washington?
Both home prices and rent are rising in Pasco, up about 8.8% and 5.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Pasco, Washington?
67.8% of households in Pasco, Washington own their home, higher than the Washington average of 59.1%.
What is the vacancy rate in Pasco, Washington?
The housing vacancy rate in Pasco, Washington is 4.2%, lower than the Washington average of 7.3%.
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