Soap Lake, WA is located in Grant County and has a current median housing value of $286,700. This is significantly lower than the US median house value of $338,100 and this discrepancy could be due to a number of factors such as location or local amenities. Despite having a median house price that is lower than the national average, Soap Lake has seen an impressive 11.29% increase in home appreciation over the past year, which is more than double the rate of the overall US (8.27%). This could indicate a strong real estate market for potential buyers and investors looking to purchase in Soap Lake, WA.
The median home cost in Soap Lake (zip 98851) is $286,700. Home appreciation the last 10 years has been 123.7%. Home Appreciation in Soap Lake (zip 98851) is up 16.0%.
Average Age of Homes
- The median age of Soap Lake (zip 98851) real estate is 44 years old
The Rental Market in Soap Lake (zip 98851)
- Renters make up 26.8% of the Soap Lake (zip 98851) population
- 4.3% of houses and apartments in Soap Lake (zip 98851), 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.