Ellensburg, WA housing market
Typical home value
$452K
▲ 0.4% 1 yr
Typical rent
$1,487/mo
▲ 3.3% 1 yr
Gross rent yield
3.9%
U.S. 6.3%
5-year home value change
+13%
U.S. +20%
Key takeaways
- 1The typical home in Ellensburg is worth $452,013, up 0.4% over the past year and up 13% over five years.
- 2Typical rent is $1,487 a month (+3.3% YoY), a gross rent yield of 3.9% (above the Ellensburg, WA metro's 3.9%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $2,484/mo, $997 more than typical rent.
- 4Zillow forecasts the Ellensburg, WA metro's home values to change −0.2% over the next 12 months.
Market temperature (Ellensburg, WA metro)
Strong buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 23/100, #518 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Ellensburg compares
| Measure | Ellensburg | Ellensburg, WA metro | United States |
|---|---|---|---|
| Typical home value | $452,013 | $494,993 | $366,157 |
| Home value, 1-yr change | +0.4% | +0.2% | +1.2% |
| Typical rent | $1,487 | $1,596 | $1,932 |
| Rent, 1-yr change | +3.3% | +3.9% | +2.7% |
| Gross rent yield | 3.9% | 3.9% | 6.3% |
| Price-to-rent ratio | 25.3 | 25.8 | 15.8 |
| Mortgage P&I, typical home | $2,484 | $2,720 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Ellensburg rental, pre-filled.
Rent vs buy in Ellensburg
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $452K home.
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.