Home Values

Benton County Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$203,700

  • 18.6% 1-year change
  • 9.6% 1-year forecast

The median home value in Benton County is $203,700. Benton County home values have gone up 18.6% over the past year and Zillow predicts they will rise 9.6% within the next year. The median list price per square foot in Benton County is $125, which is higher than the Kennewick Metro average of $121. The median price of homes currently listed in Benton County is $249,900 while the median price of homes that sold is $215,956. The median rent price in Benton County is $975, which is lower than the Kennewick Metro median of $1,050.

Foreclosures will be a factor impacting home values in the next several years. In Benton County 0.1 homes are foreclosed (per 10,000). This is lower than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Benton County is 3.0%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Benton County homeowners underwater on their mortgage is 11.0%.

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Relative ZHVI
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Benton County Market Overview

Data through Sep 30, 2014
  • $203,700 ZHVI
  • 9.6% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Sep 30, 2015)
  • $249,900 Median listing price
  • $215,956 Median sale price
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Benton County Market Health

Data through Sep 30, 2014
  • 9.9/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 11.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 3.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Cities in Benton County

Name Median ZHVI
Richland $223,600
West Richland $222,500
Kennewick $193,400
Name Median ZHVI
Prosser $168,900
Benton City $151,400
 

Listings & Sales

Data through Sep 30, 2014
  • $125 Median list price / sq ft
  • $130 Median sale price / sq ft
  • 39.2% Listings with price cut
4.8%
Sold below listing
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Benton County Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,303 Benton County
    $1,250 Kennewick Metro
    $1,335 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • $975 Rent list price
  • $0.86 Rent list price / sq ft
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