Kennewick, WA Housing Market
AI-powered market intelligence for the Kennewick-Richland, WA metro area.
PropertyIQ Scores
Kennewick, WA Market Analysis
Market Overview
The Kennewick, WA market receives a PropertyIQ Score of 49 out of 100, placing it in a moderate range with mixed signals. The top score drivers include home value momentum of 2.69% over 12 months, home value momentum of -0.26% over 3 months, a median of 57 days on market, and a 17.3% share of listings with a price cut. Those metrics point to earlier annual gains that have cooled recently, alongside a listing environment that is neither highly competitive nor deeply distressed.
Compared with Washington state averages, Kennewick’s median home value of $442,889 sits well below the state figure of $601,545, a gap of $158,656. At the same time, the rent index of $1,717 runs slightly above the state average of $1,682. The unemployment rate of 5.0% is below the state average of 5.2%, while median household income of $85,881 lags the state average of $94,952 by $9,071. These comparisons suggest a market that is more affordable on home prices than the state overall, but one where local incomes are also lower.
With 1,291 homes for sale and a year-over-year home value change of -$1, Kennewick is essentially flat on annual home prices. The overall 49 score, combined with price cuts and a 57-day median time on market, positions this as a moderate market rather than a high-momentum or sharply declining one.
Key Trends
Price momentum has cooled. The 12-month home value momentum of 2.69% shows modest annual appreciation, but the 3-month momentum of -0.26% and the year-over-year change of -$1 indicate that recent price movement is flat to slightly negative. This cooling trend is a central factor in the market’s mid-range score.
Inventory and listing conditions reflect a balanced-to-buyer-friendly environment. There are 1,291 homes for sale, and the median days on market is 57 days. With 17.3% of listings showing a price cut, nearly one in five sellers has adjusted the asking price downward, suggesting buyers face less urgency and may have some negotiating room.
Rental demand appears stronger than the home-price side of the market. The rent index of $1,717 is above the state average of $1,682, even though the median home value is well below the state average. That combination can point to relative rental demand or lower ownership affordability constraints, making the rental market a notable data point.
Affordability is mixed. The median home value of $442,889 is lower than the state median of $601,545, but median household income is also lower at $85,881 compared with $94,952 statewide. Dividing the provided median home value by the provided median household income gives a ratio of about 5.2, while the same calculation for the state gives about 6.3. Kennewick therefore remains more affordable relative to local income than the state average. Unemployment at 5.0% also compares favorably to the state’s 5.2%.
Who Is This Market For
Kennewick may suit buyers looking for a lower purchase price relative to Washington state overall. With a median home value of $442,889—well below the state average of $601,545—budget-conscious buyers and first-time buyers may find an entry point that, while still substantial, is more attainable than many other parts of the state. The trade-off is a lower median household income of $85,881 versus $94,952 statewide, but the lower price point helps offset that gap.
The market also has appeal for rental property investors. Kennewick’s rent index of $1,717 is above the state average of $1,682, while home values are lower, which can create a more favorable rent-to-price relationship than the state overall. An unemployment rate of 5.0% below the state average of 5.2% provides some local labor market stability. However, the 49/100 PropertyIQ Score, 57-day median days on market, and 17.3% share of listings with price cuts mean that short-term flippers or buyers expecting rapid appreciation may face limited momentum. This market is better suited to long-term homeowners and buy-and-hold investors who can tolerate flat price movement.
Outlook
The outlook for Kennewick is grounded in cooling price momentum and balanced inventory. The 3-month home value momentum of -0.26% and year-over-year home value change of -$1 suggest that near-term price growth is essentially flat to slightly negative, even though the 12-month momentum of 2.69% shows some prior annual gains. With 1,291 homes for sale, a median of 57 days on market, and 17.3% of listings with price cuts, buyers are likely to retain negotiating power in the coming months. The rental market may remain a relative bright spot, with a rent index of $1,717 above the state average of $1,682. However, population growth data is not available, so demand from population change cannot be assessed. Based solely on the provided metrics, the market is likely to continue seeing limited home price appreciation or flat values in the near term.
AI-generated analysis based on current market data. Last updated August 17, 2026.
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Kennewick, WA market data
Kennewick, WA Housing Market Overview
Kennewick, WA's median home value is $443K, up 2.7% over the past year. Homes here sell in a median 57 days. Its PropertyIQ Score of 49 sits modestly below the state average of 50.
The Kennewick, WA metro area is one of 900+ US metropolitan markets that PropertyIQ scores each month. A single PropertyIQ Score blends Zillow price momentum with Realtor.com market-flow signals to estimate 3-year excess appreciation versus the market's state — showing not just where prices stand today, but how the market is positioned relative to its peers.
Pacific Coast housing markets feature the nation's highest price points alongside strong wage growth from technology, entertainment, and trade sectors. Supply constraints from geographic barriers and regulatory environments create persistent affordability challenges but also strong long-term appreciation potential. Within the Pacific, Kennewick, WA's PropertyIQ Score of 49 runs below the Pacific norm.
Washington state's housing market is heavily influenced by Seattle's tech economy, with Amazon, Microsoft, and Boeing employment driving both price appreciation and demand volatility as hiring cycles fluctuate.
For the Kennewick, WA market, PropertyIQ calculates a single score each month from four inputs: twelve-month Zillow home-value momentum, three-month Zillow home-value momentum, median days on market from Realtor.com, and the Realtor.com price-reduced share. The score is computed nationally across all metros and calibrated so 50 equals the state average. Across the validation history, metro markets in the top score band have outperformed their state by roughly 1.7 percentage points more per year than bottom-band markets. Momentum here has been positive, with home values up 2.7% over the past year.
Explore the interactive map to see how Kennewick, WA compares to neighboring metros, or view the full market dashboard for detailed analytics including time-series trends, score breakdowns, and AI-generated market reports.
Counties in the Kennewick, WA metro area
ZIP codes in the Kennewick, WA metro area
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Market data through July 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Kennewick, WA a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Kennewick, WA currently scores 49, a easing-momentum reading that leaves it positioned to lag its state modestly over the next three years. For buyers, softening demand tends to open up negotiating room as listings sit longer and price cuts become more common. Backing that up, the median home value here is $443K, up 2.7% over the past year. So whether Kennewick, WA is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Kennewick, WA?
Kennewick, WA's PropertyIQ Score is 49, indicating easing momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 49 places Kennewick, WA below its state benchmark.
Are home prices in Kennewick, WA rising or falling?
Home prices in Kennewick, WA are rising. Over the past year, the median home value increased 2.7%, reaching $443K. Over the latest three months, values slipped 0.3%, a sign near-term demand is softening. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Kennewick, WA's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Kennewick, WA?
In Kennewick, WA, homes sell in a median of 57 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 17% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Kennewick, WA market data is refreshed on a monthly cycle, with the latest figures current through July 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.