Okanogan County, Washington Housing Market
In Okanogan County, Washington, the median home value is $299,800, with a median monthly rent of $887. This places Okanogan County at #624 nationally out of 3134 counties by median home value, and #33 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: $807
- Establishments: 1,450
- BLS QCEW, 2025
Housing Supply
- Single-family: 205
- Multi-family: 24
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 17,023 (avg $67,700)
- Outflow: 15,941 (avg $66,510)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 6 active ZIP codes in Okanogan County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 98862 | 352.6 | -6.16% | 2025 |
| 2 | 98840 | 286.7 | -11.91% | 2025 |
| 3 | 98844 | 334.8 | -3.91% | 2025 |
| 4 | 98855 | 329.9 | +5.43% | 2025 |
| 5 | 98856 | 305.4 | -13.29% | 2024 |
| 6 | 98841 | 310.2 | +4.56% | 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 Okanogan County Compares
| Metric | Okanogan County | Washington Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $299,800 | $436,312 | $227,706 |
| Median Gross Rent | $887 | $1,251 | $968 |
| Owner Occupancy Rate | 72.4% | 71.3% | 73.3% |
| Price/Rent Ratio | 28.2 | 29.2 | 18.7 |
Market Analysis
The median home value in Okanogan County is 31.3% below the Washington state average and 31.7% above the U.S. national average. The median rent of $887/month is 29.1% below the state average.
With a price-to-rent ratio of 28.2, Okanogan 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.
Okanogan County has an owner-occupancy rate of 72.4%, 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 |
|---|---|---|---|
| Woodford County | Kentucky | $299,700 | $1,138 |
| Vilas County | Wisconsin | $300,000 | $847 |
| Grant County | Washington | $299,500 | $1,116 |
| Madison County | Alabama | $299,200 | $1,209 |
| Lehigh County | Pennsylvania | $300,400 | $1,383 |
Other Counties in Washington
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Grant County | $299,500 | $1,116 | 66.3% |
| Lincoln County | $292,800 | $883 | 80.4% |
| Yakima County | $310,100 | $1,109 | 61.8% |
| Grays Harbor County | $314,000 | $1,062 | 73.2% |
| Ferry County | $283,400 | $663 | 78.1% |
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).