The housing market in Kennewick-Richland, WA Metro Area is thriving; with a median value of $408,000, the area is significantly higher than the national median of $338,100. Furthermore, the 1 year house appreciation rate in Kennewick-Richland is 11.36%, much higher than the national average of 8.27%. This indicates that housing prices are increasing rapidly and that the area is becoming an increasingly attractive place to live for its citizens. With such strong growth in the housing market, it's no surprise that more people are looking to buy or rent properties in this area.
The median home cost in Kennewick-Richland Metro Area is $408,000. Home appreciation the last 10 years has been 125.0%. Home Appreciation in Kennewick-Richland Metro Area is up 17.6%.
Average Age of Homes
- The median age of Kennewick-Richland Metro Area real estate is 37 years old
The Rental Market in Kennewick-Richland Metro Area
- Renters make up 30.4% of the Kennewick-Richland Metro Area population
- 1.4% of houses and apartments in Kennewick-Richland Metro Area, 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.