Kennewick, WA - House Price Index (HPI)
Kennewick Real Estate Market Forecast
The House Price Index (HPI) shows changes in Kennewick-Pasco-Richland, WA single family home
prices in
logarithmic scale. The March, 1995 index value equals 100.  Real estate forecasts, analysis,
statistics and appreciation rates are provided below.
Kennewick Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  1141.56
1st Quarter, 2018 Housing Statistics: Kennewick, Washington


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      77%

LittleBigHomes.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Kennewick housing market for the 12
months ending with the 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Kennewick is 77%. In other words, when tested against historical
data, the forecasting methodology was correct 77% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Kennewick is 77% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 1st Quarter of 2019 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Kennewick
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      72%

The forecast for the trend in the Kennewick housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Kennewick is 72%. In other words, when tested against historical
data, the forecasting methodology was correct 72% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Kennewick is 72% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 1st Quarter of 2021 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Kennewick
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Kennewick, Washington


Historical Home Price Appreciation
Last Quarter                         1.84%
Last Year                              8.9%
Last 5 Years                         32%
Last 10 Years                       40%
Last 20 Years                       104%



Annual Home Price Appreciation Rates
1988      -6.89%
1989      25.31%
1990      13.55%
1991      8.47%
1992      13.68%
1993      8.57%
1994      0.14%
1995      -3.42%
1996      0.63%
1997      2.11%
1998      2.64%
1999      1.84%
2000      3.50%
2001      6.80%
2002      7.42%
2003      2.47%
2004      3.80%
2005      4.69%
2006      4.61%
2007      1.47%
2008      1.69%
2009      0.83%
2010      1.57%
2011      -0.38%
2012      1.56%
2013      0.06%
2014      3.93%
2015      4.87%
2016      8.71%
2017      9.66%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.84%         Rank: 127 of 381 (66th Percentile)
Last Year  . . . . . . . . . . . . . . . .  8.9%           Rank: 63 of 381 (83rd Percentile)
Last 5 Years                              32%            Rank: 113 of 381 (70th Percentile)
Last 10 Years  . . . . . . . . . . . .   40%            Rank: 17 of 381 (95th Percentile)
Last 20 Years                            104%          Rank: 115 of 379 (69th Percentile)


The change in home prices for Kennewick-Richland, WA are shown above for
five time periods. For example: Kennewick appreciated 1.84% in the Last
Quarter. At that rate, the Kennewick Real Estate Market was ranked 127th out
of 381 metropolitan Real Estate Markets. Kennewick was in the 66th percentile.
So Kennewick, WA performed better in the Last Quarter than 66% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Kennewick, Washington

The data and analysis on this page pertains to Kennewick-Richland, WA,
hereinafter referred to as "Kennewick". The all time high in the Kennewick Home
Price Index was 207.4 in the 1st Quarter, of 2018.  The Home Price Index
indicates that the Kennewick Market is up 40% over the last 10 years. Home
prices in the Kennewick Real Estate Market have gained 8.90% over the last 12
months. Over the last thirty years, it is up 267%.

The 1st Quarter index value was 3.74 points higher than the 4th Quarter, 2017
index value of 203.69, resulting in a 1.84% rise in the 1st Quarter for the
Kennewick Market.

The Kennewick Home Price Index has increased for the last 12 consecutive
quarters. The current record holders for consecutive increases in the Home
Price Index are Phoenix, AZ; Houston, TX and Boise City, ID, with increases in
the last 27 consecutive quarters. The current record holders for consecutive
declines in the Home Price Index are Tallahassee, FL; Syracuse, NY; Sioux City,
IA; Shreveport, LA and Peoria, IL, with declines in the last 3 consecutive
quarters.

The highest annual change in the value of houses in the Kennewick Real
Estate Market was 25% in the twelve months ended with the 4th Quarter of
1989. The worst annual change in home values  in the Kennewick Market was
-24% in the twelve months ended with the 1st Quarter of 1983.

The highest growth in home values in the Kennewick Real Estate Market over a
three year period was 54% in the three years ended with the 4th Quarter of
1991. The worst performance over a three year period in the Kennewick Market
was -21% in the three years ended with the 1st Quarter of 1985.

This page provides a long term graph of the Kennewick Home Price Index
(above). For information about Washington home values, click Real Estate
Market Forecasts in the navigation bar at the top of this page.  You'll see long
term charts and analysis that will provide tremendous insight into the historical
trends of residential property values. Bookmark this page! Then
LittleBigHomes.com's detailed research and statistics about Kennewick Home
Prices will be at your fingertips when you need them.

All calculations are based on the quarterly value of the House Price Index for
the Kennewick Market. The terms House Price Index and Home Price Index, as
used in this site, refer to the Federal Housing Finance Agency (FHFA) House
Price Index.

Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Kennewick Real Estate Market and hundreds
of other cities. As a result, Home Price data is not available for a number of
months after the end of each quarter.



Part 4: APPRECIATION RATES & RANKINGS
1st Quarter, 2018 Housing Data: Kennewick, Washington

The trend of Kennewick Home Prices relative to 380 other metropolitan areas is
detailed below. Each metropolitan area contains one or more cities. Five
different time periods are reviewed.  Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period. The data and analysis on this page pertains
to Kennewick-Richland, WA, hereinafter referred to as "Kennewick".

Last Quarter:
During the 1st Quarter of 2018, Kennewick Home Prices had a rank of 127, with
appreciation of 1.84%. The top performing real estate market during the 1st
Quarter was Goldsboro, NC, with a rise of 9.78%. The worst market during that
period was Cumberland, MD, with appreciation of -9.30%.
The median for all cities during the 1st Quarter was 1.15%. The average for all
markets during the quarter was 0.97%.

Last Year:
During the last 12 months, Kennewick Home Prices had a rank of 63, with
appreciation during the year of 8.90%. The top performing market during the
last year was Boise City, ID, with an increase of 15.3%. The worst real estate
market during that period was Farmington, NM, with appreciation of -6.0%.
The median for all markets during this period was 5.97%. The average was
5.82%.

Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2018, Kennewick Home Prices
ranked 113, with a total appreciation of 31.9%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 90%.
The worst market during that period was Farmington, NM, with appreciation of
-4%.
The median for all cities during this time period was 20%. The average over the
5 years was 26%.

Last 10 Years:
During the 10 years ended in the 1st Quarter of 2018, Kennewick Home Prices
had a rank of 17, with appreciation during the decade of 40%. The top
performing market during the period was Denver, CO, with a rise of 69%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -26%.
The median for all markets during the last 10 years was 8%. The average for
the cities over that time frame was 9%.

Last 20 Years:
During the 20 years ended in the 1st Quarter of 2018, Kennewick Home Prices
had a rank of 115, with total growth over the 20 year period of 104%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 282%. The worst market during the last 20 years was Rockford, IL,
with appreciation of 18%.
The median for all cities during the last 20 years was 79%. The average for the
markets over that time frame was 88%.

Historical research data on the Home Price Index for the Kennewick Real Estate
Market is available back to the 1st Quarter, of 1979. All calculations are based
on the quarterly value of the House Price Index for Kennewick. Real estate
appreciation figures represent total net increase or decrease over each time
period. (Unless specifically stated, the figures do not represent annual or
quarterly rates of change.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Sunday, July 8, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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