The housing market in Soap Lake, WA is very strong with a median house value of $289,700. This is significantly lower than the US House median value of $338,100 but it has appreciated at a higher rate than the US average over the last year at 11.29%. There is still potential for home owners to benefit from increasing values in this area as the appreciation rate remains higher than the national average. With its growing job market and quality of life, Soap Lake is an attractive area to buy or sell a home.
The median home cost in Soap Lake is $289,700. Home appreciation the last 10 years has been 123.7%. Home Appreciation in Soap Lake is up 16.0%.
Average Age of Homes
- The median age of Soap Lake real estate is 57 years old
The Rental Market in Soap Lake
- Renters make up 36.0% of the Soap Lake population
- 4.8% of houses and apartments in Soap Lake, 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.