The housing market in Ritzville, WA is thriving. The median value of homes in the area is $229,400, which is substantially lower than the national median value of $338,100. However, what really sets the Ritzville housing market apart from the rest of the nation is its one-year appreciation rate of 15.73%. This rate puts it well above the national average of 8.27%. The strong appreciation rate has been a major boon for homebuyers and investors alike who have seen their investments increase in value at a much faster pace than other parts of the country.
The median home cost in Ritzville is $229,400. Home appreciation the last 10 years has been 115.4%. Home Appreciation in Ritzville is up 19.3%.
Average Age of Homes
- The median age of Ritzville real estate is 69 years old
The Rental Market in Ritzville
- Renters make up 27.2% of the Ritzville population
- 1.3% of houses and apartments in Ritzville, 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.