8 Washington Cities Where Home Prices Are Skyrocketing

Feb 3, 2023

2 min Read

Washington State consistently ranks among the best for life expectancy and low unemployment, and is known for being both politically and socially liberal. The Evergreen State saw an influx of residents during the beginning of the pandemic, but by 2022, there were more people leaving the state than coming in, moveBuddha reported.

Unfortunately, that didn’t translate into a drop in home prices — in fact, the opposite seems to have occurred. In several cities across Washington, home prices increased by 50% or more from 2020 to 2022.

Here’s a look at the eight Washington cities where home prices are skyrocketing.

1. Pasco, Washington

Population growth from 2010 to 2020: 30%
Average home value in 2020: $292,823
Average home value in 2022: $412,026
Increase in home value from 2020 to 2022: 57%

Take Our Poll: Do You Have a Second Job or Backup Plan in Case You Are Laid Off?

2. Longview, Washington

Population growth from 2010 to 2020: 3%
Average home value in 2020: $288,435
Average home value in 2022: $391,910
Increase in home value from 2020 to 2022: 55%

3. Yakima, Washington

Population growth from 2010 to 2020: 6%
Average home value in 2020: $263,992
Average home value in 2022: $347,228
Increase in home value from 2020 to 2022: 54%

4. Spokane, Washington

Population growth from 2010 to 2020: 10%
Average home value in 2020: $283,085
Average home value in 2022: $401,201
Increase in home value from 2020 to 2022: 53%

5. Shelton, Washington

Population growth from 2010 to 2020: 5%
Average home value in 2020: $259,555
Average home value in 2022: $401,570
Increase in home value from 2020 to 2022: 52%

Pictured: Oakland Bay at Puget Sound, Washington

6. Kennewick, Washington

Population growth from 2010 to 2020: 14%
Average home value in 2020: $316,190
Average home value in 2022: $418,993
Increase in home value from 2020 to 2022: 51%

Investing for Everyone

7. Pullman, Washington

Population growth from 2010 to 2020: 10%
Average home value in 2020: $348,034
Average home value in 2022: $482,024
Increase in home value from 2020 to 2022: 50%

8. Port Angeles, Washington

Population growth from 2010 to 2020: 5%
Average home value in 2020: $303,697
Average home value in 2022: $443,290
Increase in home value from 2020 to 2022: 50%

More From GOBankingRates

All data is sourced from The moveBuddha 2021-2022 Washington Migration Report and is accurate as of Jan. 25, 2023.

About the Author

Gabrielle Olya

Gabrielle joined GOBankingRates in 2017 and brings with her a decade of experience in the journalism industry. Before joining the team, she was a staff writer-reporter for People Magazine and People.com. Her work has also appeared on E! Online, Us Weekly, Patch, Sweety High and Discover Los Angeles, and she has been featured on “Good Morning America” as a celebrity news expert.