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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.



Moses Lake, 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

Moses Lake, WA Housing Market Trends

With a population of 25,888, 9,223 total housing units (homes and apartments), and a median house value of $372,897, Moses Lake real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Moses Lake, accounting for 60.08% of the city's housing units. Other types of housing that are prevalent in Moses Lake include large apartment complexes or high rise apartments ( 19.31%), mobile homes or trailers ( 10.62%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.04%).

The most prevalent building size and type in Moses Lake are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.09% owning and 42.91% renting.

There is a lot of housing in Moses Lake 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 Moses Lake built between 2000 and later ( 36.68%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.72%).

Moses Lake Home Appreciation Rates

Appreciation rates for homes in Moses Lake have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 104.19%, which ranks in the top 30% nationwide. This equates to an annual average Moses Lake house appreciation rate of 7.40%.

Over the last year, Moses Lake appreciation rates have trailed the rest of the nation. In the last twelve months, Moses Lake's appreciation rate has been 0.83%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Moses Lake were at -0.83%, which equates to an annual appreciation rate of -3.28%.

Notably, Moses Lake's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Washington, our data show that Moses Lake's latest annual appreciation rate is higher than 70% 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 Moses Lake differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Moses Lake - 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 Moses Lake real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$372,897

Moses Lake, WA Home Prices
> $1,336,000
$1,002,001 - $1,336,000
$668,001 - $1,002,000
$534,001 - $668,000
$401,001 - $534,000
$267,001 - $401,000
$134,001 - $267,000
$67,001 - $134,000
$0 - $67,000
0.2%
0.2%
1.2%
1.2%
10.6%
10.6%
10.2%
10.2%
15.4%
15.4%
28.8%
28.8%
12.2%
12.2%
3.7%
3.7%
17.7%
17.7%
0% 100.0%
% of Homes
Low

for Washington

High

for nation

Number of Homes And Apartments:

9,223

Moses Lake Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,622 / per month

Homeownership Rate

Owners
Renters
57.1%
57.1%
42.9%
42.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.9%
5.9%
94.1%
94.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
36.7%
36.7%
41.1%
41.1%
21.7%
21.7%
0.5%
0.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
60.1%
60.1%
2.8%
2.8%
7.0%
7.0%
19.3%
19.3%
10.6%
10.6%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.7%
4.7%
9.9%
9.9%
21.6%
21.6%
47.6%
47.6%
13.1%
13.1%
3.0%
3.0%
0% 100.0%
% of Homes

Popular Communities Near Moses Lake, WA

Zip Codes in Moses Lake, WA