Kennewick Real Estate
Tri-Cities largest city with diverse economy, excellent shopping, and strong community amenities. Growing market with good value.
Market Analysis
Market Forecast
Strong growth expected with retail expansion and diverse economy supporting housing demand.
What Drives Property Values
Access to Shopping Centers
Proximity to major retail and shopping centers, including Columbia Center Mall, enhances property values.
Quality Schools
Kennewick School District offers excellent educational opportunities, with Southridge area schools highly rated.
Recreational Facilities
Properties near parks, community centers, and recreational facilities see increased value.
Diverse Economy
Strong retail, healthcare, and manufacturing sectors provide economic stability and employment opportunities.
Open Floor Plans
Modern homes with open floor plans and updated finishes are highly sought after.
Sought-After Amenities & ROI Impact
interior Amenities
Open Floor Plans
high demandUpdated Kitchens
high demandModern Appliances
high demandexterior Amenities
Outdoor Entertainment Spaces
medium demandLarge Garages
medium demandlocation Amenities
Proximity to Parks
medium demandLocation Factors
Economy
Major Employers
- •Kennewick School District
- •Trios Health
- •Columbia Basin College
- •Retail and distribution centers
- •Manufacturing companies
- •Healthcare facilities
Industries
Economic Stability: Diverse and stable economy with strong retail sector and growing healthcare industry. Good employment opportunities across sectors.
Commute & Transportation
Average Commute Time
15-20 minutes locally, easy access throughout Tri-Cities
Transportation Options
- •Ben Franklin Transit
- •Highway access (I-82, US-395)
- •Pasco Airport (20 minutes)
- •Central location in Tri-Cities
Proximity: 3 hours to Seattle, 2.5 hours to Spokane
Schools
District Rating
B+ ratingNotable Schools
- •Southridge High School (highly rated)
- •Kennewick High School
- •Creekstone Elementary
- •Ridge View Elementary
Higher Education
- •Columbia Basin College
- •Washington State University Tri-Cities
Demographics
Population
84,000+
Median Age
37 years
Lifestyle
Family-oriented community with diverse population, strong retail amenities, and active lifestyle
Neighborhood Insights
Southridge
Rapidly developing area with new construction, excellent schools, and family-friendly environment.
Characteristics
- •New construction
- •Top-rated schools
- •Family-friendly
- •Modern amenities
- •Growing community
Price Range
$400,000 - $700,000
Lifestyle: Perfect for families seeking new homes and excellent schools
Creekstone
Established neighborhood with good schools and community amenities.
Characteristics
- •Established community
- •Good schools
- •Parks and trails
- •Family-oriented
- •Moderate prices
Price Range
$350,000 - $550,000
Lifestyle: Ideal for families seeking established neighborhoods
Columbia Center Area
Convenient location near major shopping and retail with good access to amenities.
Characteristics
- •Shopping access
- •Convenient location
- •Good value
- •Established area
- •Retail proximity
Price Range
$300,000 - $500,000
Lifestyle: Convenient living with shopping and amenities nearby
Investment Opportunities
Rental Market
Average Rent
$1,400 - $2,000/month
Rental Yield
4.2-5.2%
Demand
high demandAppreciation Potential
Potential
medium-high potentialHistorical Rate
4.5% annually
Steady appreciation expected with retail expansion and population growth
Equity Statistics
High Equity Homes
64.6%
Homes with over 50% equity
Fully Paid Off
10,608 properties
Strong equity position with 64.6% of homes having over 50% equity
Investment Strategy
Focus on single-family rentals near schools and shopping centers. Southridge area offers strong appreciation potential with new development.
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