Investment metrics, interactive calculators, and data-driven analysis for Kennewick rental properties.
Pre-filled with Kennewick medians. Adjust to match a specific property.
Factor in financing to see your actual return on invested capital in Kennewick.
Kennewick, WA has a population of 88,000 and has been growing at 1.5% annually — above the national average, suggesting steady demand pressure on housing. The median home price of $345,000 paired with median rents of $1,480/mo produces an estimated cap rate of 3.19%.
Property taxes at 0.9% fall within the national average range and shouldn't present unusual challenges. The vacancy rate of 5% is moderate and within normal parameters for a healthy rental market.
At a price-to-income ratio of 5.9x, homes cost about 5.9 times the local median income of $58,200. This moderate ratio indicates a balanced rent-vs-buy market. Home values have appreciated at roughly 2.8% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.
Bottom line: At current median prices, Kennewick is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.