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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Tonasket, WA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Tonasket, WA Housing Market Trends

With a population of 1,102, 437 total housing units (homes and apartments), and a median house value of $306,359, Tonasket real estate values are some of the lowest in Washington, although compared to real estate around the nation, Tonasket homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Tonasket, accounting for 56.99% of the city's housing units. Other types of housing that are prevalent in Tonasket include duplexes, homes converted to apartments or other small apartment buildings ( 16.16%), mobile homes or trailers ( 12.45%), and a few large apartment complexes or high rise apartments ( 12.23%).

People in Tonasket primarily live in small (one, two or no bedroom) single-family detached homes. Tonasket has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Tonasket's housing was primarily built during this period, from the '40s through the '60s. A full 52.18% of the city's housing hails from this era. Other housing ages represented in Tonasket include homes built between 1970-1999 ( 28.17%) and housing constructed before 1939 ( 18.34%). There's also some housing in Tonasket built between 2000 and later ( 1.31%).

Tonasket Home Appreciation Rates

Real estate appreciation rates in Tonasket's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.47% during the period.

Over the last year, Tonasket appreciation rates have trailed the rest of the nation. In the last twelve months, Tonasket's appreciation rate has been -1.02%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Tonasket were at 0.16%, which equates to an annual appreciation rate of 0.63%.

Notably, Tonasket's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Washington, our data show that Tonasket's latest annual appreciation rate is lower than 80% of the other cities and towns in Washington.

Average Home Values

Median Home Value

$306,359

Tonasket, WA Home Prices
> $1,353,000
$1,015,001 - $1,353,000
$677,001 - $1,015,000
$542,001 - $677,000
$406,001 - $542,000
$271,001 - $406,000
$136,001 - $271,000
$67,001 - $136,000
$0 - $67,000
0.0%
0.0%
0.3%
0.3%
0.7%
0.7%
11.1%
11.1%
6.7%
6.7%
43.4%
43.4%
13.3%
13.3%
14.9%
14.9%
9.6%
9.6%
0% 100.0%
% of Homes
Very Low

for Washington

Average

for nation

Number of Homes And Apartments:

437

Tonasket Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,379 / per month

Homeownership Rate

Owners
Renters
46.3%
46.3%
53.7%
53.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.6%
4.6%
95.4%
95.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
1.3%
1.3%
28.2%
28.2%
52.2%
52.2%
18.3%
18.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
57.0%
57.0%
0.0%
0.0%
16.2%
16.2%
12.2%
12.2%
12.4%
12.4%
2.2%
2.2%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.4%
4.4%
24.5%
24.5%
40.6%
40.6%
24.5%
24.5%
3.3%
3.3%
2.8%
2.8%
0% 100.0%
% of Homes

Popular Neighborhoods in Tonasket

Popular Communities Near Tonasket, WA

Zip Codes in Tonasket, WA