What’s in a name when it comes to real estate? Some individuals place a high value on living in a place of notability, choosing big city life in places such as New York or California, to be closer to many other people. However, a notable name and a history of being a big city don’t necessarily equate to an affordable or enjoyable living experience. For those in the Pacific Northwest searching for a stable place to live that doesn’t also confer the complications that come from choosing to house hunt in Seattle or Spokane, the Tri-Cities area offers a tantalizing alternative. Located at the junction of several rivers and situated near Washington’s wine country, Kennewick might not have household name recognition, but it does have much to offer homebuyers.
As you consider looking at homes for sale in Kennewick, WA, it’s natural to be curious about what the area is like and what it has to offer its residents. A closer examination of the facts reveals that many find it an excellent place to raise a family. What is helpful to know as you consider the area in depth?
Kennewick is a growing city with growing families
One of the biggest employers in the area is the local school district, alongside districts for neighboring cities as well. With a host of elementary schools, it is no wonder that many families continue to look seriously at homes for sale in Kennewick, WA. In fact, with only 30% of homeowners in the area reporting as single, alongside a median age of about 34, the city is both young and primed for growth. As more families move to the area to raise children, the future for the city grows brighter. The city’s population grew by almost 20,000 people between the last two census periods.
While that trend may slow down, it signals the likelihood that this area of the Tri-Cities will remain popular. Tied to this is the fact that there are significant players in the health, biotech, and agricultural sectors (such as giant Tyson Foods) in the area. These businesses provide a stable source of employment for individuals living in the region.
Watching trends in homes for sale in Kennewick, WA
So what about the state of the real estate market in this area? Like its neighbors, Kennewick exhibits affordability, especially in comparison to some other areas around the state and the country. Average sale prices hover between $270,000 and $300,000, though a shortage in available inventory can drive competitive bidding wars between buyers. This is because, overall, homes spend a very brief time on the market in Kennewick — sometimes less than two weeks before a seller accepts an offer. As a result, while there is plenty of opportunities here, it is also essential to move with some speed when you’ve identified homes for sale in Kennewick, WA that match your wish list.
Overall, while not as “hot” of a market as some neighborhoods in the region, Kennewick has too much to offer to potential residents. Home values continue to climb, too — so now is the time to buy. As the region continues to progress into the future, securing a place to live and raise a family with the opportunity to hold appreciating property is not an opportunity to miss.