Tri-Cities Housing Market
The housing market in the Tri-Cities, Washington, is dynamic and has experienced steady growth over the past several years. The Tri-Cities market has seen consistent appreciation in home values, driven by factors such as strong economic growth, a steady influx of new residents, and attractive mortgage rates. This growth is also supported by the area’s expanding technology sector, healthcare, and other key industries.
Housing Market
Household Income Distribution | 2022 Estimate |
< $10K | 3.88% |
$10K – $20K | 5.67% |
$20K – $30K | 7.00% |
$30K – $40K | 7.33% |
$40K – $50K | 7.03% |
$50K – $60K | 8.59% |
$60K – $75K | 10.86% |
$75K – $100K | 15.21% |
> $100K | 34.43% |
Household Income & Spending | Amount |
Median Household Income | $72,538.00 |
Average Household Expenditures | $65,625.00 |
2000 Census | 2010 Census | 2020 Census | 2024 Estimate |
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Tri-Cities, Kennewick-Pasco-Richland MSA | 191,822 | 253,340 | 303,622 | 320,150 |
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Benton County | 142,475 | 175,177 | 206,873 | 217,850 |
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Kennewick | 54,751 | 73,917 | 83,921 | 87,120 |
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Richland | 38,708 | 48,058 | 60,560 | 64,190 |
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West Richland | 8,385 | 11,811 | 16,295 | 18,280 |
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Prosser | 4,838 | 5,714 | 6,062 | 6,610 |
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Benton City | 2,624 | 3,038 | 3,479 | 3,845 |
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Franklin County | 49,347 | 78,163 | 96,749 | 102,300 |
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Pasco | 32,066 | 59,781 | 77,108 | 82,220 |
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Connell | 2,956 | 4,209 | 5,441 | 5,175 |
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Mesa | 425 | 489 | 385 | 400 |
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Kahlotus | 214 | 193 | 147 | 145 |
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Source: Office of Financial Management (link: https://ofm.wa.gov/washington-data-research/population-demographics/population-estimates), April 1 Official Population Estimates Released on June 28, 2024 |
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Mesa | 425 | 489 | 385 | 400 |
