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 | Wahkiakum County | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $112,500 | $471,160 | $242,182 |
| Price Trend (Annual %) | -1.0% | 12.1% | 8.2% |
| Median Gross Rent | $1,086 | $1,681 | $1,342 |
| Rent Trend (Annual %) | 7.6% | 6.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Wahkiakum County is about 76% lower than in Washington. Rent is about 35% lower than the Washington average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2022
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Wahkiakum County: home prices fell about 1.0% a year while rent rose about 7.6% a year. That is an unusual pattern worth watching.
Median rent in Wahkiakum County rose about 66.4% between 2015 and 2023, from $653 to $1,086. Over the same span, rent in Washington rose about 65.7%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Wahkiakum County.
Buying the median-priced home in Wahkiakum County costs roughly 8.6 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 Wahkiakum County. The price-to-rent ratio in Washington is about 23.4.
| Metric | Wahkiakum County | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $112,500 | $471,160 | $242,182 |
| Median Household Income | $56,494 | $95,177 | $78,145 |
| Price-to-Income Ratio | 2.0 | 5.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2022, the median home price in Wahkiakum County rose about 13.5%, while median household income rose about 44.0% 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 | Wahkiakum County | Washington Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 77.8% | 59.1% | 58.2% |
| Rental Rate | 14.0% | 33.4% | 31.3% |
| Vacancy Rate | 8.2% | 7.4% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Wahkiakum County has a homeownership rate of 77.8%, higher than the Washington average of 59.1%. Its housing vacancy rate is 8.2%, compared with 7.4% in Washington.
Housing Stock
| Metric | Wahkiakum County | Washington Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.23 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1978 | 1982 | 1978 |
| Median Number of Rooms | 6.0 | 5.5 | 5.5 |
The typical housing unit in Wahkiakum County was built around 1978. On average, 2.2 people live in a home with about 6.0 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Wahkiakum County, Washington.
What is the median home price in Wahkiakum County, Washington?
The median home price in Wahkiakum County, Washington is $112,500, lower than the Washington average of $471,160.
What is the average home price in Wahkiakum 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 Wahkiakum County, Washington?
The median gross rent in Wahkiakum County, Washington is $1,086 per month, lower than the Washington average of $1,681.
What was the median gross rent in Wahkiakum County in 2020?
In 2020, the median gross rent in Wahkiakum County, Washington was $784 per month.
What is the price-to-rent ratio in Wahkiakum County, Washington?
The price-to-rent ratio in Wahkiakum County, Washington is about 8.6, meaning it would take roughly 8.6 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 Wahkiakum County.
Are home prices or rent rising faster in Wahkiakum County, Washington?
Home prices and rent are moving in opposite directions in Wahkiakum County: home prices fell about 1.0% a year while rent rose about 7.6% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Wahkiakum County, Washington?
77.8% of households in Wahkiakum County, Washington own their home, higher than the Washington average of 59.1%.
What is the vacancy rate in Wahkiakum County, Washington?
The housing vacancy rate in Wahkiakum County, Washington is 8.2%, higher than the Washington average of 7.4%.