Benton County, Washington Housing Market
In Benton County, Washington, the median home value is $407,800, with a median monthly rent of $1,306. This places Benton County at #273 nationally out of 3134 counties by median home value, and #21 within Washington.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,385
- Establishments: 5,385
- BLS QCEW, 2025
Housing Supply
- Single-family: 1,012
- Multi-family: 651
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 84,114 (avg $93,974)
- Outflow: 80,034 (avg $94,973)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Benton County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 98944 | 341.0 | +12.95% | 2025 |
| 2 | 99337 | 334.9 | +1.70% | 2025 |
| 3 | 99350 | 338.1 | +6.88% | 2025 |
| 4 | 99354 | 349.0 | +5.19% | 2025 |
| 5 | 99320 | 406.4 | +5.74% | 2025 |
| 6 | 99336 | 348.4 | +4.36% | 2025 |
| 7 | 99338 | 303.5 | +2.11% | 2025 |
| 8 | 99352 | 306.3 | +1.05% | 2025 |
| 9 | 99353 | 306.4 | +1.32% | 2025 |
| 10 | 98930 | 294.7 | +0.55% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Benton County Compares
| Metric | Benton County | Washington Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $407,800 | $436,312 | $227,706 |
| Median Gross Rent | $1,306 | $1,251 | $968 |
| Owner Occupancy Rate | 67.6% | 71.3% | 73.3% |
| Price/Rent Ratio | 26.0 | 29.2 | 18.7 |
Market Analysis
The median home value in Benton County is 6.5% below the Washington state average and 79.1% above the U.S. national average. The median rent of $1,306/month is 4.4% above the state average.
With a price-to-rent ratio of 26.0, Benton County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Benton County has an owner-occupancy rate of 67.6%, compared to 71.3% in Washington and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| St. Mary's County | Maryland | $407,600 | $1,747 |
| Cobb County | Georgia | $407,200 | $1,730 |
| Jefferson County | Idaho | $408,400 | $1,138 |
| Mecklenburg County | North Carolina | $406,800 | $1,627 |
| Dawson County | Georgia | $406,700 | $1,626 |
Other Counties in Washington
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Walla Walla County | $408,900 | $1,218 | 65.0% |
| Spokane County | $410,700 | $1,283 | 64.5% |
| Mason County | $411,800 | $1,285 | 82.3% |
| Cowlitz County | $397,500 | $1,206 | 68.0% |
| Wahkiakum County | $396,800 | $853 | 83.2% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).