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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.



Wapato, 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

Wapato, WA Housing Market Trends

With 4,513 people, 1,223 houses or apartments, and a median cost of homes of $184,345, house prices in Wapato are solidly below the national average.

Single-family detached homes are the single most common housing type in Wapato, accounting for 64.59% of the city's housing units. Other types of housing that are prevalent in Wapato include large apartment complexes or high rise apartments ( 20.32%), duplexes, homes converted to apartments or other small apartment buildings ( 7.62%), and a few mobile homes or trailers ( 5.39%).

The most prevalent building size and type in Wapato are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.30% owning and 48.70% renting.

There is a lot of housing in Wapato built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Wapato built between 1940-1969 ( 30.33%). A lesser amount of the housing stock also hails from before 1939 ( 20.55%). There's also some housing in Wapato built between 2000 and later ( 15.24%).

Wapato Home Appreciation Rates

In the last 10 years, Wapato has experienced some of the highest home appreciation rates of any community in the nation. Wapato real estate appreciated 123.19% over the last ten years, which is an average annual home appreciation rate of 8.36%, putting Wapato in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Wapato definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Wapato appreciation rates have trailed the rest of the nation. In the last twelve months, Wapato's appreciation rate has been -1.98%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wapato were at 3.02%, which equates to an annual appreciation rate of 12.65%.

Importantly, this makes Wapato one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values

Median Home Value

$184,345

Wapato, WA Home Prices
> $1,340,000
$1,005,001 - $1,340,000
$669,001 - $1,005,000
$536,001 - $669,000
$402,001 - $536,000
$268,001 - $402,000
$134,001 - $268,000
$67,001 - $134,000
$0 - $67,000
0.0%
0.0%
0.9%
0.9%
2.3%
2.3%
1.8%
1.8%
0.0%
0.0%
23.1%
23.1%
44.7%
44.7%
23.4%
23.4%
3.8%
3.8%
0% 100.0%
% of Homes
Very Low

for Washington

Low

for nation

Number of Homes And Apartments:

1,223

Wapato Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,372 / per month

Homeownership Rate

Owners
Renters
51.3%
51.3%
48.7%
48.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.9%
5.9%
94.1%
94.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
15.2%
15.2%
33.9%
33.9%
30.3%
30.3%
20.6%
20.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
64.6%
64.6%
2.1%
2.1%
7.6%
7.6%
20.3%
20.3%
5.4%
5.4%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
6.9%
6.9%
10.7%
10.7%
29.3%
29.3%
37.5%
37.5%
14.6%
14.6%
1.0%
1.0%
0% 100.0%
% of Homes

Popular Neighborhoods in Wapato

Zip Codes in Wapato, WA