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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Yakima, WA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Yakima, WA Housing Market Trends

With 97,012 people, 34,830 houses or apartments, and a median cost of homes of $304,650, Yakima real estate values are some of the lowest in Washington, although compared to real estate around the nation, Yakima homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Yakima, accounting for 60.49% of the city's housing units. Other types of housing that are prevalent in Yakima include large apartment complexes or high rise apartments ( 15.65%), duplexes, homes converted to apartments or other small apartment buildings ( 12.48%), and a few row houses and other attached homes ( 5.58%).

People in Yakima primarily live in small (one, two or no bedroom) single-family detached homes. Yakima has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Yakima built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Yakima built between 1940-1969 ( 30.15%). A lesser amount of the housing stock also hails from before 1939 ( 17.98%). There's also some housing in Yakima built between 2000 and later ( 14.50%).

Yakima Home Appreciation Rates

Appreciation rates for homes in Yakima have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 106.87%, which ranks in the top 30% nationwide. This equates to an annual average Yakima house appreciation rate of 7.54%.

NeighborhoodScout's data show that during the latest twelve months, Yakima's appreciation rate, at 6.32%, has been at or slightly above the national average. In the latest quarter, Yakima's appreciation rate has been 1.04%, which annualizes to a rate of 4.22%.

Relative to Washington, our data show that Yakima's latest annual appreciation rate is higher than 90% of the other cities and towns in Washington.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Yakima differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Yakima - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Yakima real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$304,650

Yakima, WA Home Prices
> $1,351,000
$1,013,001 - $1,351,000
$676,001 - $1,013,000
$540,001 - $676,000
$405,001 - $540,000
$270,001 - $405,000
$135,001 - $270,000
$68,001 - $135,000
$0 - $68,000
0.9%
0.9%
0.5%
0.5%
5.9%
5.9%
6.4%
6.4%
12.2%
12.2%
28.7%
28.7%
32.8%
32.8%
7.5%
7.5%
5.1%
5.1%
0% 100.0%
% of Homes
Very Low

for Washington

High

for nation

Number of Homes And Apartments:

34,830

Yakima Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,867 / per month

Homeownership Rate

Owners
Renters
51.8%
51.8%
48.2%
48.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.9%
4.9%
95.1%
95.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
14.5%
14.5%
37.4%
37.4%
30.1%
30.1%
18.0%
18.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
60.5%
60.5%
5.6%
5.6%
12.5%
12.5%
15.6%
15.6%
5.5%
5.5%
0.3%
0.3%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
6.7%
6.7%
11.6%
11.6%
31.3%
31.3%
34.0%
34.0%
13.8%
13.8%
2.5%
2.5%
0% 100.0%
% of Homes