Yakima, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Yakima Neighborhoods Since 2000




Yakima, WA Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Yakima Housing Market Information

With 93,701 people, 33,081 houses or apartments, and a median cost of homes of $143,934, 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 59.78% of the city's housing units. Other types of housing that are prevalent in Yakima include large apartment complexes or high rise apartments ( 16.45%), duplexes, homes converted to apartments or other small apartment buildings ( 14.08%), and a few mobile homes or trailers ( 5.16%).

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 ( 35.99%). A lesser amount of the housing stock also hails from before 1939 ( 16.52%). There's also some housing in Yakima built between 2000 and later ( 10.75%).

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 6.51%, which ranks in the top 40% nationwide. This equates to an annual average Yakima house appreciation rate of 0.63%.

Appreciation rates are so strong in Yakima that despite a nationwide downturn in the housing market, Yakima real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Yakima appreciation rates continue to be some of the highest in America, at 5.98%, which is higher than appreciation rates in 73.89% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Yakima. Yakima appreciation rates in the latest quarter were at 1.05%, which equates to an annual appreciation rate of 4.28%.

Relative to Washington, our data show that Yakima's latest annual appreciation rate is lower than 80% 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:
$143,934

Yakima, WA HOME PRICES

Value Range
> $1,105,000 0.4
$829,001 - $1,105,000 0.1
$553,001 - $829,000 0.9
$442,001 - $553,000 1.3
$332,001 - $442,000 4.1
$221,001 - $332,000 13.4
$111,001 - $221,000 48.3
$55,001 - $111,000 22.0
$0 - $55,000 9.5

Very Low for WA
Average for Nation

Value Relative to Nation Value Relative to State
52.7950310559006 92.9078014184397

Number Of Homes And Apartments:
33,081

Yakima Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
37.52% 1.86% 1 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,008 / per month

Homeownership Rate

Homeownership
Owners 52.43
Renters 47.57
Vacant 6.49

Housing Market Details

 

Age of Homes

AGE OF Yakima HOMES
2000 or Newer 10.7
1970 - 1999 36.7
1940 - 1969 36.0
1939 or Older 16.5

Types of Homes

TYPE OF Yakima HOMES
Single-Family 59.8
Townhomes 4.4
Small Apt. Buildings 14.1
Apt. Complexes 16.5
Mobile Homes 5.2
Other 0.2

Home Size

SIZE OF Yakima HOMES
No Bedroom 3.18
1 Bedroom 13.68
2 Bedrooms 31.97
3 Bedrooms 36.42
4 Bedrooms 12.14
5 or more bedrooms 2.61