Investor-grade market analytics for Ellensburg, Washington. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Updated monthly.
$477,788
-0.5% year-over-year
3.7%
gross annual
-6.1%
base case (Zillow ZHVF)
-6.1% year-over-year
Ellensburg, WA is experiencing a correction with -0.5% year-over-year decline, signaling a buyer's market with softening demand. Affordability pressure is significant: the price-to-income ratio of 6.83x well exceeds the national average of 4.8x. Modest net positive migration (+180 returns/year) provides steady demand support. Climate risk is moderate (50/100) with manageable exposure. Rental yield of 3.72% is below average, suggesting this market is more suited for appreciation-driven strategies.
12-month projection (Zillow ZHVF model)
Ellensburg, WA's primary climate exposure is wildfire (70/100). The composite climate risk score of 50/100 (Moderate) indicates overall risk with manageable exposure that should be factored into investment analysis. Buyers should consider climate-related insurance costs and potential future regulatory changes.
Source: FEMA National Risk Index
Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.