Home Values

Kennewick 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

None

  • None 1-year change
  • None 1-year forecast

The median list price per square foot in Kennewick is $120, which is lower than the Kennewick Metro average of $122. The median price of homes currently listed in Kennewick is $234,900 while the median price of homes that sold is $193,700. The median rent price in Kennewick is $1,000, which is lower than the Kennewick Metro median of $1,100.

Foreclosures will be a factor impacting home values in the next several years. In Kennewick 0.3 homes are foreclosed (per 10,000). This is lower than the national value of 4.3

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 Kennewick is 2.8%, 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 Kennewick homeowners underwater on their mortgage is 10.9%.

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Relative ZHVI
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Kennewick Market Overview

Data through Aug 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $234,900 Median listing price
  • $193,700 Median sale price
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Kennewick Market Health

Data through Aug 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 10.9% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 2.8% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Burbank $212,800 Pasco $161,400 Hermiston $161,300
Pendleton $156,400 Stanfield $126,300 Umatilla $122,400
Mesa $118,100    

Listings & Sales

Data through Aug 31, 2014
  • $120 Median list price / sq ft
  • $123 Median sale price / sq ft
  • 38.7% Listings with price cut
12.8%
Sold below listing
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Kennewick Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $1,243 Kennewick
    $1,243 Kennewick Metro
    $1,328 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
  • $1,000 Rent list price
  • $0.90 Rent list price / sq ft
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