Chelan County, Washington Housing Market
In Chelan County, Washington, the median home value is $490,100, with a median monthly rent of $1,226. This places Chelan County at #143 nationally out of 3134 counties by median home value, and #13 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: $1,064
- Establishments: 3,123
- BLS QCEW, 2025
Housing Supply
- Single-family: 305
- Multi-family: 478
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 35,403 (avg $98,057)
- Outflow: 33,761 (avg $97,062)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 7 active ZIP codes in Chelan County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 98831 | 432.2 | — | 2025 |
| 2 | 98822 | 342.7 | -1.64% | 2025 |
| 3 | 98828 | 320.8 | -10.05% | 2024 |
| 4 | 98826 | 419.5 | +8.53% | 2025 |
| 5 | 98816 | 387.4 | -1.68% | 2025 |
| 6 | 98815 | 377.6 | +6.41% | 2025 |
| 7 | 98801 | 345.1 | +2.71% | 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 Chelan County Compares
| Metric | Chelan County | Washington Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $490,100 | $436,312 | $227,706 |
| Median Gross Rent | $1,226 | $1,251 | $968 |
| Owner Occupancy Rate | 64.6% | 71.3% | 73.3% |
| Price/Rent Ratio | 33.3 | 29.2 | 18.7 |
Market Analysis
The median home value in Chelan County is 12.3% above the Washington state average and 115.2% above the U.S. national average. The median rent of $1,226/month is 2.0% below the state average.
With a price-to-rent ratio of 33.3, Chelan 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.
Chelan County has an owner-occupancy rate of 64.6%, 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. Johns County | Florida | $489,200 | $1,922 |
| Charleston County | South Carolina | $489,100 | $1,620 |
| Bonner County | Idaho | $487,900 | $1,122 |
| Charlottesville city | Virginia | $486,700 | $1,540 |
| Chester County | Pennsylvania | $485,600 | $1,763 |
Other Counties in Washington
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Kittitas County | $497,400 | $1,341 | 61.5% |
| Thurston County | $480,300 | $1,736 | 67.7% |
| Clark County | $522,900 | $1,748 | 66.4% |
| Pierce County | $526,600 | $1,806 | 64.7% |
| Skamania County | $529,500 | $1,068 | 80.0% |
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).