About Tri-Cities

Housing

 

Housing

Average Selling Price (March 2011) $196,400
Number of Active Single Family Listings (January 2011) 1,021
Average Apartment Rent (2 Bedroom, 2 Bath) $751

Source: Tri-City Association of Realtors, April 2011
ACCRA Cost of Living Index, Data for Third Quarter 2010, Published November 2010

 

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Residential Housing Statistics

Month Active Listings Total Sold Average Sales Price Median Sales Price Under Contract
Jan - 2010 933 165 $182,000 $162,800 311
Feb 951 200 $185,700 $170,300 403
Mar 1,006 300 $195,700 $179,500 471
Apr 971 351 $198,100 $169,900 529
May 1,034 354 $189,000 $170,900 259
Jun 1,068 448 $191,900 $177,000 305
Jul 1,101 254 $216,400 $195,500 294
Aug 1,098 249 $190,900 $173,900 309
Sep 1,070 251 $203,200 $174,200 284
Oct 1,021 246 $199,200 $178,900 278
Nov 972 217 $199,000 $186,300 234
Dec 922 240 $205,700 $183,600 188
Jan - 2011 954 145 $193,800 $174,000 223
Feb 979 170 $201,800 $179,000 279
Mar 1,021 217 $196,400 $170,000 312

Source: Tri-City Association of Realtors, April 2011

 

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Housing Units

  1990 Census 2000 Census 2010 Estimate 2015 Projection
Total Housing Units 58,538 72,047 89,094 96,239
Owner-Occupied 58.0% 64.0% 64.0% 64.0%
Renter-Occupied 35.0% 30.0% 27.6%

27.6%
Vacant 7.0% 6.0% 8.4% 8.5%

Source: Demographics Now, December 2010

 

Additional Documents:
Housing Units Summary Report

 

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Residential Building Permit Statistics

 

 

March 2011

 2011 Year-to-Date  2010 Year-to-Date
  Permits Valuation Permits Valuation Permits Valuation
Benton County 10 3,120,908 26 8,188,727 23 7,106,937
Franklin County 4 1,248,070 11 3,463,489 22 5,913,524
Kennewick 44 10,451,105 86 20,619,798 99 22,837,349
Pasco 53 11,833,213 138 31,066,570 191 40,696,559
Richland 20 5,825,825 73 20,600,023 85 19,567,222
West Richland 14 3,484,000 34 8,218,000 37 6,682,567
Total SFR 147 36,306,598 375 93,346,696 465 104,243,835

Source: Home Builders Association of Tri-Cities and Walla Walla, April 2011

 

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