Ellensburg housing market
Typical home value
$495K
▲ 0.2% 1 yr
Typical rent
$1,596/mo
▲ 3.9% 1 yr
12-month forecast
−0.2%
#479 of 546 metros
Gross rent yield
3.9%
#519 of 546 · U.S. 6.3%
Days to pending
71 days
1 yr
Listings with a price cut
28%
▲ +3.5 pts 1 yr
Key takeaways
- 1The typical home is worth $494,993, up 0.2% in a year and up 10% over five years.
- 2Zillow forecasts home values falling 0.2% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,596/mo (+3.9% YoY), a 3.9% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $2,720/mo in principal and interest, $1,124 more than renting.
- 5Homes go under contract in 71 days; 28% of listings have had a price cut.
Market temperature
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
How fast homes are selling
For saleNew listings
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Ellensburg compares
| Measure | Ellensburg | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +0.2% | +1.2% | #428 |
| Home value, 5-yr change | +10.1% | +19.7% | |
| 12-month forecast | −0.2% | +1.1% | #479 |
| Rent, 1-yr change | +3.9% | +2.7% | #201 |
| Gross rent yield | 3.9% | 6.3% | #519 |
| Price-to-rent ratio | 25.8 | 15.8 | |
| Mortgage P&I on typical home | $2,720 | $2,012 | |
| Days to pending | 71 | 56 |
Cities in the Ellensburg metro
1 cities with home value and rent data.
| Ellensburg | $452K | ▲ 0.4% | $1,487 | ▲ 3.3% | 3.9% |
Run the numbers
Rental property calculator
Cash flow on a typical Ellensburg rental ($495K, $1,596/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Ellensburg home.
Rent vs buy
Is it cheaper to rent or buy in Ellensburg?
Other Washington metros
Seattle, WA
$720K home$2,250 rent3.7% yield
▼ 1.6% 1 yr
Spokane, WA
$415K home$1,512 rent4.4% yield
▲ 0.2% 1 yr
Kennewick, WA
$437K home$1,695 rent4.7% yield
▲ 0.4% 1 yr
Olympia, WA
$521K home$2,043 rent4.7% yield
▲ 0.1% 1 yr
Bremerton, WA
$579K home$2,052 rent4.3% yield
▲ 1.1% 1 yr
Yakima, WA
$348K home$1,362 rent4.7% yield
▲ 0.5% 1 yr
Bellingham, WA
$608K home$1,951 rent3.9% yield
▲ 0.3% 1 yr
Mount Vernon, WA
$576K home$2,185 rent4.5% yield
▲ 0.7% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.