Home Values in Yakima, Washington — 2026 Market Report
Updated March 2026 | Buyer's Market | +4.2% YoY
The median home value in Yakima, Washington is $275,000 as of March 2026, which is below the national median of $400,000. Home values in Yakima have increased by 4.2% over the past year and 22.8% over the last five years. With a population of 96,968 and a median household income of $42,250, the price-to-income ratio stands at 6.5x, making Yakima affordable for the average household.
Yakima Housing Market Conditions
| Metric | Yakima | National Avg |
|---|---|---|
| Median Home Value | $275,000 | $400,000 |
| YoY Appreciation | +4.2% | +3.8% |
| 5-Year Appreciation | +22.8% | +22.4% |
| Price per Sq Ft | $158 | $222 |
| Days on Market | 49 days | 45 days |
| Months of Supply | 5 | 3.5 |
| List-to-Sale Ratio | 100.2% | 98.5% |
| Monthly Homes Sold | 66 | — |
| Foreclosure Rate | 0.72% | 0.3% |
Home Value Trends in Yakima
A homeowner who purchased at the median price of $223,941 five years ago in Yakima would have gained approximately $51,059 in equity, representing a 22.8% return on investment. Over the past year alone, the typical homeowner gained $11,084 in home equity.
Affordability in Yakima, WA
With a median household income of $42,250 and a median home price of $275,000, the price-to-income ratio in Yakima is 6.5x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $1,830 compared to estimated monthly ownership costs of $1,520 gives a rent-vs-buy ratio of 0.83. In Yakima, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Yakima
The effective property tax rate in Washington is 0.93%. On a home valued at $275,000, the estimated annual property tax bill is $2,558, or approximately $213/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Yakima is 88.5 (100 = national average), indicating living costs are below the national average.
Calculate Your Mortgage Payment in Yakima
Use our free calculator to estimate monthly payments for a $275,000 home
Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Yakima, WA?
The median home value in Yakima, Washington is $275,000 as of March 2026. Home values have changed +4.2% over the past year, with a 5-year appreciation of 22.8%.
Is Yakima a buyer's or seller's market?
Yakima is currently a buyer's market with 5 months of housing supply. Homes spend an average of 49 days on market, and the list-to-sale price ratio is 100.2%. Supply and demand are relatively balanced.
Are home values going up in Yakima?
Yes, home values in Yakima have increased by 4.2% over the past year. The 5-year appreciation rate is 22.8%, meaning a home worth $223,941 five years ago is now worth $275,000.
Is it better to rent or buy in Yakima?
The average monthly rent in Yakima is $1,830, while estimated monthly homeownership costs are approximately $1,520. The price-to-rent ratio is 12.5. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other Washington Cities
Related Resources
Disclaimer: Home value data for Yakima, Washington is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.