The housing market in Kennewick, WA is thriving. The median house value in the area is $397,200, which is significantly higher than the US median of $338,100. Furthermore, the appreciation rate for homes in Kennewick was 11.51% over the past year compared to an 8.27% appreciation rate throughout the US. Clearly, this makes Kennewick a great place to invest in real estate as it is sure to continue appreciating and giving a return on investment.
The median home cost in Kennewick is $397,200. Home appreciation the last 10 years has been 125.0%. Home Appreciation in Kennewick is up 17.6%.
Average Age of Homes
- The median age of Kennewick real estate is 40 years old
The Rental Market in Kennewick
- Renters make up 36.1% of the Kennewick population
- 2.4% of houses and apartments in Kennewick, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.