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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.



Pullman, 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

Pullman, WA Housing Market Trends

With 32,508 people, 11,972 houses or apartments, and a median cost of homes of $483,456, Pullman real estate prices are well above average cost compared to national prices.

Large apartment complexes or high rise apartments are the single most common housing type in Pullman, accounting for 52.34% of the city's housing units. Other types of housing that are prevalent in Pullman include single-family detached homes ( 28.05%), duplexes, homes converted to apartments or other small apartment buildings ( 12.66%), and a few row houses and other attached homes ( 4.44%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

Pullman is dominated by renter-occupied one, two, or no bedrooms apartments. 76.25% of Pullman's dwellings are rentals.

There is a lot of housing in Pullman 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 Pullman built between 2000 and later ( 26.39%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.83%). There's also some housing in Pullman built before 1939 ( 4.94%).

Vacant housing appears to be an issue in Pullman. Fully 13.62% of the housing stock is classified as vacant. Left unchecked, vacant Pullman homes and apartments can be a drag on the real estate market, holding Pullman real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Pullman Home Appreciation Rates

Appreciation rates for homes in Pullman have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 82.61%, which ranks in the top 50% nationwide. This equates to an annual average Pullman house appreciation rate of 6.21%.

Over the last year, Pullman appreciation rates have trailed the rest of the nation. In the last twelve months, Pullman'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 Pullman were at -0.83%, which equates to an annual appreciation rate of -3.28%.

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

Relative to Washington, our data show that Pullman's latest annual appreciation rate is higher than 60% 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 Pullman differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Pullman - 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 Pullman real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$483,456

Pullman, WA Home Prices
> $1,243,000
$932,001 - $1,243,000
$621,001 - $932,000
$497,001 - $621,000
$373,001 - $497,000
$249,001 - $373,000
$124,001 - $249,000
$62,001 - $124,000
$0 - $62,000
1.9%
1.9%
3.8%
3.8%
17.7%
17.7%
27.6%
27.6%
21.6%
21.6%
19.0%
19.0%
2.9%
2.9%
2.1%
2.1%
3.4%
3.4%
0% 100.0%
% of Homes
Average

for Washington

Very High

for nation

Number of Homes And Apartments:

11,972

Pullman Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,386 / per month

Homeownership Rate

Owners
Renters
23.8%
23.8%
76.2%
76.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
13.6%
13.6%
86.4%
86.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
26.4%
26.4%
48.8%
48.8%
19.8%
19.8%
4.9%
4.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
28.0%
28.0%
4.4%
4.4%
12.7%
12.7%
52.3%
52.3%
2.5%
2.5%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.8%
4.8%
18.2%
18.2%
37.5%
37.5%
20.8%
20.8%
12.9%
12.9%
5.8%
5.8%
0% 100.0%
% of Homes