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 | Walla Walla County | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $225,000 | $471,160 | $242,182 |
| Price Trend (Annual %) | 7.9% | 12.1% | 8.2% |
| Median Gross Rent | $1,112 | $1,681 | $1,342 |
| Rent Trend (Annual %) | 5.3% | 6.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Walla Walla County is about 52% lower than in Washington. Rent is about 34% lower than the Washington average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Walla Walla County, up about 7.9% and 5.3% a year respectively. Home prices are changing faster.
Median rent in Walla Walla County rose about 50.6% between 2015 and 2023, from $739 to $1,112. Over the same span, rent in Washington rose about 65.7%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in Walla Walla County.
Buying the median-priced home in Walla Walla County costs roughly 16.9 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Walla Walla County. The price-to-rent ratio in Washington is about 23.4.
| Metric | Walla Walla County | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $225,000 | $471,160 | $242,182 |
| Median Household Income | $72,627 | $95,177 | $78,145 |
| Price-to-Income Ratio | 3.1 | 5.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Walla Walla County rose about 74.1%, while median household income rose about 64.5% between 2009 and 2023 — 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 | Walla Walla County | Washington Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.2% | 59.1% | 58.2% |
| Rental Rate | 31.6% | 33.4% | 31.3% |
| Vacancy Rate | 7.3% | 7.4% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Walla Walla County has a homeownership rate of 61.2%, higher than the Washington average of 59.1%. Its housing vacancy rate is 7.3%, compared with 7.4% in Washington.
Housing Stock
| Metric | Walla Walla County | Washington Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.45 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1972 | 1982 | 1978 |
| Median Number of Rooms | 5.7 | 5.5 | 5.5 |
The typical housing unit in Walla Walla County was built around 1972. On average, 2.4 people live in a home with about 5.7 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Walla Walla County, Washington.
What is the median home price in Walla Walla County, Washington?
The median home price in Walla Walla County, Washington is $225,000, lower than the Washington average of $471,160.
What is the average home price in Walla Walla 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 Walla Walla County, Washington?
The median gross rent in Walla Walla County, Washington is $1,112 per month, lower than the Washington average of $1,681.
What was the median gross rent in Walla Walla County in 2020?
In 2020, the median gross rent in Walla Walla County, Washington was $945 per month.
What is the price-to-rent ratio in Walla Walla County, Washington?
The price-to-rent ratio in Walla Walla County, Washington is about 16.9, meaning it would take roughly 16.9 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Walla Walla County.
Are home prices or rent rising faster in Walla Walla County, Washington?
Both home prices and rent are rising in Walla Walla County, up about 7.9% and 5.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Walla Walla County, Washington?
61.2% of households in Walla Walla County, Washington own their home, higher than the Washington average of 59.1%.
What is the vacancy rate in Walla Walla County, Washington?
The housing vacancy rate in Walla Walla County, Washington is 7.3%, lower than the Washington average of 7.4%.