Yakima, Washington Housing Market Prices
Yakima 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 40% below the Washington median$290,303
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Median rent 37% below the Washington median$1,103
Housing Market Overview
| Metric | Yakima | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $290,303 | $485,016 | $248,835 |
| Price Trend (Annual %) | 8.9% | 10.9% | 7.5% |
| Median Gross Rent | $1,103 | $1,759 | $1,407 |
| Rent Trend (Annual %) | 4.7% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Yakima is about 40% lower than in Washington. Rent is about 37% 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 Yakima, up about 8.9% and 4.7% a year respectively. Home prices are changing faster.
Median rent in Yakima rose about 44.2% between 2015 and 2024, from $765 to $1,103. Over the same span, rent in Washington rose about 73.4%.
Affordability
On average, housing unit costs 4.7 yearly household incomes in Yakima.
Buying the median-priced home in Yakima costs roughly 21.9 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 Yakima. The price-to-rent ratio in Washington is about 23.0.
| Metric | Yakima | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $290,303 | $485,016 | $248,835 |
| Median Household Income | $62,119 | $98,224 | $80,455 |
| Price-to-Income Ratio | 4.7 | 4.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Yakima rose about 79.1%, while median household income rose about 58.0% 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 | Yakima | Washington Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.3% | 59.1% | 58.5% |
| Rental Rate | 45.7% | 33.6% | 31.2% |
| Vacancy Rate | 5.1% | 7.3% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Yakima has a homeownership rate of 49.3%, lower than the Washington average of 59.1%. Its housing vacancy rate is 5.1%, compared with 7.3% in Washington.
Housing Stock
| Metric | Yakima | Washington Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.68 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1971 | 1983 | 1978 |
| Median Number of Rooms | 5.0 | 5.5 | 5.5 |
The typical housing unit in Yakima was built around 1971. On average, 2.7 people live in a home with about 5.0 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Yakima, Washington.
What is the median home price in Yakima, Washington?
The median home price in Yakima, Washington is $290,303, lower than the Washington average of $485,016.
What is the average home price in Yakima, Washington?
The typical home price in Yakima, Washington, reported as the median sale price, is $290,303. 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 Yakima, Washington?
The median gross rent in Yakima, Washington is $1,103 per month, lower than the Washington average of $1,759.
What was the median gross rent in Yakima in 2020?
In 2020, the median gross rent in Yakima, Washington was $862 per month.
What is the price-to-rent ratio in Yakima, Washington?
The price-to-rent ratio in Yakima, Washington is about 21.9, meaning it would take roughly 21.9 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 Yakima.
Are home prices or rent rising faster in Yakima, Washington?
Both home prices and rent are rising in Yakima, up about 8.9% and 4.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Yakima, Washington?
49.3% of households in Yakima, Washington own their home, lower than the Washington average of 59.1%.
What is the vacancy rate in Yakima, Washington?
The housing vacancy rate in Yakima, Washington is 5.1%, lower than the Washington average of 7.3%.
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