Real Estate Investing in Yakima - INVESTimate

Real Estate Investing in Yakima, WA

Why Invest in Yakima Real Estate?

Yakima is a small agricultural city in south-central Washington, just east of the Cascade Range. It provides a beautiful landscape and a small-town atmosphere. Irrigation directly from the Yakima River, as well as healthy soil and sunny days (on average, almost 200 days of sunshine per year), all contribute to the area’s agriculture—most popular for its Washington apples as well as pears, peaches, grains, and vegetables.

Yakima is the 11th largest city in Washington by population, which consists of about 94,000 residents. Yakima is the largest city in Yakima county, with more than 250,000 residents. The city of Yakima was voted the 13th safest place to live among mid-size metro areas in the US by Farmers Insurance Group. Residents enjoy outdoor activities such as hiking, viewing wildlife, fishing, and water sports on the Yakima River.

Yakima is about 1.5 hours northwest of Washington’s Tri-Cities (Kennewick, Pasco, and Richland), which is known for being an agricultural hub and its advances in science and tech.

Market Highlights

  • Median household income in Yakima is $40,189, compared to the Washington state average of $70,979 and the national average of $63,179
  • Median home value is $231,800, which has increased by 10.3% year-over-year
  • Median rent in Yakima is $1,350, which is higher than the Yakima metro area of $1,338, and lower than Washington’s average rent of $2,000 (Zillow)
  • The Yakima job market is expected to grow by 40.1% in the next 10 years, compared to the US average of 33.5%
  • Yakima YMCA Rotary Aquatic Center, a $22-million project, opened in November 2019
  • Yakima Valley has more than 120 wineries spread across 70 miles

West Yakima

West Valley School District, which serves Ahtanum and Summitview, among others, the #1 SD in Yakima. The two family-friendly neighborhoods are home to the Apple Tree Golf Course. The far west of Yakima are the Gromore and Harwood neighborhoods, which are quiet areas with plenty of room for livestock to roam. Up on a hill overlooking the city, the Brace neighborhood on Scenic Drive is where you’ll find some of the million-dollar homes in the area. It’s a low-crime area and great for families.

  • Cowiche Conservancy - 30+ miles of hiking trails
  • Mount Rainier National Park - a day trip to one of three national parks in Washington, 70 miles west of Yakima
  • White Pass Nordic Center - more than 1,500 skiable areas located 50 miles west of Yakima near Mount Rainier National Park

Central Yakima

Yakima Air Terminal (McAllister Field), about three miles south of Yakima, is used for both passenger air travel (Alaska Airlines) and cargo (AirPac, Ameriflight, and FedEx). The Fremont neighborhood, located between Nob Hill Boulevard and 48th to 80th avenues, contains the city’s Wal-Mart and other retail, as well as many orchard fields. Tieton Drive is a family-friendly, walkable neighborhood with great schools. (There’s even a local alternative band with the same namesake.)

  • Yakama Indian Reservation - one hour from downtown
  • Yakama Nation Museum and Cultural Center - 12,000-square-foot space showcasing the history of the Yakama Nation people; the Cultural Center also houses the Heritage Theater and Yakama Nation Library.
  • Yakima Valley Museum - exhibits feature the past, present, and future of the valley region
  • Franklin Park - adjacent to the Yakima Valley Museum, it offers a swimming pool and lots of green space
  • Capitol Theatre - performing arts center with 1,500 seats, built in 1920
  • Central Washington Agricultural Museum

East Yakima

To the far east of Yakima is the Pomona and East Selah neighborhoods, which encompass a rural, low-population area. The median home price here is $198,884, which is less expensive than 87% of neighborhoods in Washington state. Moving closer to downtown is the East Valley, and the green oasis of Terrace Heights, where you’ll find Sportsman Park, Sarg Hubbard Park, and Yakima County Club.

  • Yakima Area Arboretum, located between I-82 and Highway 24, more than 40 acres of green space
  • Yakima Sportsman State Park - 266-acre park featuring camping, hiking, bird-watching, and fishing

Space

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