The verdant landscape of the Pacific Northwest has captured the imagination of both long-time residents and short-term visitors for decades. The Tri-Cities area is no different. Comprised of the titular three cities of Kennewick, Pasco, and Richland, the Tri-Cities boasts proximity to some of Washington’s finest vineyards, a unique history tied closely to US history, and excellent opportunities for employment. Of these, Kennewick, in particular, shows strong potential for growth, with an up to 10% increase in the area’s real estate market expected in the coming years. The result: more families and individuals expressing an interest in homes for sale in Kennewick, WA.
Do you count yourself among those individuals? Preparing to take the plunge into the world of purchasing real estate in a new area can be scary, but with the right preparations, you can proceed with confidence. Understanding some of the key features of the area’s real estate and the opportunities present in Kennewick can help you to make smart decisions in the future. So, what should you know?
A driving force in the growth of the number of people looking at homes for sale in Kennewick, WA is the amount of employment available in the area. There are several good schools in the area, attracting teachers who join the school district, one of the largest employers in the area. There are production jobs in the food industry as well, with major plants hosted in the area by foremost brands such as ConAgra and the very well-known Tyson Foods, a lead producer of chicken products. These plants often need new hands to keep up with demand and thus provide a consistent source of employment.
The proximity of Kennewick to the United States Hanford nuclear site, a now-decommissioned plant that produced material for the US’s nuclear arsenal, also provides opportunities for environmental remediation jobs. Businesses such as Washington River Protection Solutions work on creating a safer, cleaner environment for future generations in the area to enjoy. For professionals in these sectors, Kennewick can prove to be an ideal home.
That level of demand has facilitated a slow but steady rise in the average price of homes for sale in Kennewick, WA according to Trulia. The median sale price has risen by nearly $100,000 in just four years and shows no signs of slowing down yet. Additionally, average monthly home sales remain around 400 per month, rebounding from a low of about 250 sales per month last year. With rising rents, too, it’s clear that the secret is out about this area. From the excellent weather to the plentiful variety of home styles to the employment opportunities, there are many factors influencing homes for sale here.
Is this the right spot to settle down and start putting down some roots? There’s certainly no shortage of opportunity! With an active market, though, you should strongly consider making your move sooner rather than later.