KENNEWICK - RICHLAND Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Kennewick - Richland averaged 6.88% for the week of 2024-04-11, compared to the national average of 6.88% for the same period.

The average rate for the prior week (2024-04-04) was 6.92% and one month ago for the week of 2024-03-07, the average rate was 6.98%.

Kennewick - Richland's average rate one year ago was 6.28%.

For refis of the same type during the week of 2024-04-11, the average rate was 7.49%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-04-11 6.88%
Kennewick - Richland 30 Year Fixed Rate 2024-04-11 6.88%
Kennewick - Richland 30 Year Fixed Rate Refi 2024-04-11 7.49%
Kennewick - Richland 15 Year Fixed Rate 2024-04-11 6.16%
Kennewick - Richland 15 Year Fixed Rate Refi 2024-04-11 6.26%
Kennewick - Richland 30 Year FHA 2024-04-11 6.76%
Kennewick - Richland 30 Year FHA Refi 2024-04-11 6.94%
Kennewick - Richland 30 Year USDA 2024-04-11 6.81%
Kennewick - Richland 30 Year USDA Refi 2024-04-11 6.61%
Kennewick - Richland 30 Year VA 2024-04-11 6.49%
Kennewick - Richland 30 Year VA Refi 2024-04-11 6.37%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within KENNEWICK-RICHLAND, WA.

KENNEWICK - RICHLAND Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the KENNEWICK-RICHLAND, WA market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 306 6.60% $8,805
CMG MORTGAGE, INC. 152 6.75% $8,329
QUICKEN LOANS, LLC 142 6.72% $8,519
GESA 121 6.77% $6,928
AMERICAN PACIFIC MORTGAGE CORPORATION 106 6.78% $9,490
1st Security Bank of Washington 76 6.56% $9,691
HAPO COMMUNITY CREDIT UNION 73 6.61% $8,195
HOMEBRIDGE FINANCIAL SERVICES, INC. 72 6.20% $8,249
PRIMELENDING, A PLAINSCAPITAL COMPANY 71 6.52% $10,849
SUMMIT FUNDING, INC. 64 6.99% $8,973
MOVEMENT MORTGAGE, LLC 52 6.85% $8,510
CHURCHILL MORTGAGE CORPORATION 43 6.87% $8,749
ENVOY MORTGAGE, LTD 39 6.31% $8,986
CARDINAL FINANCIAL 35 7.01% $10,359
Flagstar Bank, FSB 35 6.98% $7,611
LOANDEPOT.COM, LLC 32 6.39% $9,410
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 32 6.84% $11,574
JPMorgan Chase Bank 31 6.58% $6,658
Umpqua Bank 30 6.33% $9,538
U.S. Bank 28 6.41% $4,464
Yakima Federal Savings and Loan Association 27 5.75% $5,196
Banner Bank 25 6.71% $6,747
Cornerstone First Mortgage, Inc 19 6.41% $7,664
GUILD MORTGAGE COMPANY 18 6.83% $7,367
NUMERICA CREDIT UNION 18 6.90% $8,344
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 18 6.77% $6,904
SPOKANE TEACHERS 17 6.87% $6,317
Wells Fargo Bank 16 6.47% $4,172
Mr. Cooper ( Nationstar Mortgage ) 14 6.68% $10,281
HOMESIDE FINANCIAL, LLC 14 6.23% $9,056
BROKER SOLUTIONS, INC. 13 7.29% $8,195
LPMC, LLC 11 6.83% $6,079
CROSSCOUNTRY MORTGAGE, LLC 11 7.00% $9,862
Bank of America 10 6.49% $5,848
KeyBank 9 6.28% $4,013
Wheatland Bank 9 6.75% $7,828
NEWREZ LLC 9 6.75% $6,323
NAVY FEDERAL CREDIT UNION 9 6.22% $5,134
PROVIDENT FUNDING ASSOCIATES, L.P. 7 6.46% $6,137
Washington Trust Bank 7 6.86% $4,828
GENEVA FINANCIAL, LLC 7 7.23% $8,405
Citadel Servicing Corporation 7 8.73% $12,359
DHI MORTGAGE COMPANY, LTD. 7 6.23% $2,988
AMERISAVE MORTGAGE CORPORATION 6 7.04% $12,925
Boeing Employees Credit Union 6 6.31% $4,140
ACADEMY MORTGAGE CORPORATION 6 6.90% $9,274
PRIMARY RESIDENTIAL MORTGAGE, INC. 6 7.31% $5,893
Seattle Metropolitan Credit Union 6 7.38% $6,189
BETTER MORTGAGE CORPORATION 5 6.33% $2,816
American Mortgage & Equity Consultants, Inc. 5 7.13% $6,974
USAA Federal Savings Bank 4 6.59% $4,222
LAND HOME FINANCIAL SERVICES, INC. 4 7.31% $7,647
The Huntington National Bank 4 6.56% $6,095
SIRVA MORTGAGE, INC. 4 6.66% $0
Mortgage Research Center, LLC 4 7.00% $4,231
GUARANTEED RATE, INC. 4 6.59% $8,267
BMO Harris Bank 4 6.53% $8,062
SAMMAMISH MORTGAGE COMPANY 4 6.59% $4,516
CORNERSTONE HOME LENDING, INC. 4 6.97% $9,666
General Mortgage Capital Corporation 3 7.08% $6,564
iQ Credit Union 3 6.75% $2,796
HOMEXPRESS MORTGAGE CORP. 3 8.46% $11,820
OCMBC, INC. 3 7.29% $14,182
NFM, INC. 3 7.21% $7,307
Plains Commerce Bank 3 5.62% $5,011
WASHINGTON STATE EMPLOYEES Credit Union 3 5.92% $4,176
CHERRY CREEK MORTGAGE, LLC 3 5.83% $2,122
FIRST TECHNOLOGY 3 6.75% $4,132
Northwest Farm Credit Services, FLCA 3 7.08% $8,440
FREEDOM MORTGAGE CORPORATION 3 7.04% $11,814
ZILLOW HOME LOANS, LLC 2 6.44% $3,654
AMERICAN FINANCING CORPORATION 2 7.06% $13,665
AXIA FINANCIAL, LLC 2 6.50% $7,344
BAY EQUITY LLC 2 6.68% $8,558
Century Mortgage Company DBA Century Lending Company 2 6.94% $10,544
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 2 7.44% $8,053
First National Bank of America 2 9.75% $6,641
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 7.12% $13,250
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 7.00% $8,009
HSBC BANK USA, NATIONAL ASSOCIATION 2 6.29% $4,473
IDAHO CENTRAL 2 7.56% $8,480
LOANPAL, LLC 2 6.18% $11,022
Loan Simple, Inc. 2 6.37% $11,655
Morgan Stanley Private Bank 2 6.25% $3,118
MOUNTAIN AMERICA 2 7.06% $11,573
MUTUAL OF OMAHA MORTGAGE, INC. 2 6.56% $10,879
NBKC BANK 2 6.63% $2,377
OnPoint Community Credit Union 2 6.75% $2,700
ON Q FINANCIAL, INC. 2 7.12% $7,357
Paramount Residential Mortgage Group, Inc. 2 7.50% $4,369
PENNYMAC LOAN SERVICES, LLC 2 6.00% $13,208
PREMIER MORTGAGE RESOURCES, L.L.C. 2 6.49% $9,432
Sierra Pacific Mortgage Company, Inc. 2 7.44% $5,146
Sunflower Bank 2 7.12% $4,457
The Federal Savings Bank 2 7.50% $9,362
The Loan Store, Inc. 2 7.31% $7,687
Washington Federal Bank 2 6.38% $7,179
WHATCOM EDUCATIONAL CREDIT UNION 2 6.69% $2,426
Glacier Bank 1 6.00% $5,134
UNION HOME MORTGAGE CORP. 1 6.38% $3,758
NATIONS DIRECT MORTGAGE, LLC 1 7.13% $29,441
First State Bank of St. Charles, Missouri 1 5.88% $7,753
Barrington Bank & Trust Company, N.A. 1 7.88% $4,462
First Interstate Bank 1 6.63% $6,923
FIRST COMMUNITY 1 6.50% $3,035
Northpointe Bank 1 6.38% $5,026
Evolve Bank & Trust 1 5.88% $4,042
NP, Inc. 1 8.25% $19,134
Equity Prime Mortgage LLC 1 5.88% $16,455
NuVision Federal Credit Union 1 7.00% $4,171
O BEE 1 6.88% $3,384
EMM LOANS LLC 1 6.50% $11,181
Axos Bank 1 6.38% $3,291
Armed Forces Bank 1 8.00% $1,556
Ally Bank 1 6.75% $1,664
ARC HOME LLC 1 8.13% $8,382
PENTAGON FEDERAL CREDIT UNION 1 6.38% $3,109
Eagle Bank and Trust Company 1 6.75% $4,745
PLANET HOME LENDING, LLC 1 6.75% $11,949
PLAZA HOME MORTGAGE, INC. 1 7.49% $11,047
PREMIA MORTGAGE, LLC 1 6.88% $0
AmeriHome Mortgage Company, LLC 1 7.25% $2,955
EagleBank 1 6.13% $10,006
Deere Employees Credit Union 1 6.63% $3,050
DAS Acquisition Company, LLC 1 6.50% $13,777
Qualstar Credit Union 1 6.38% $4,390
Commerce Home Mortgage, Inc. 1 7.13% $10,967
RANLIFE, INC. 1 7.38% $3,586
Raymond James Bank 1 6.38% $2,324
RBC Bank, (Georgia) 1 6.75% $1,833
Rivermark Community Credit Union 1 6.50% $3,636
S1L, Inc. 1 6.38% $4,669
Coastal Community Bank 1 5.88% $3,310
Citizens Bank 1 6.50% $7,456
AMERICAN INTERNET MORTGAGE, INC. 1 5.38% $21,631
Citibank 1 5.63% $16,296
SOUND 1 8.00% $9,570
Cashmere Valley Bank 1 8.13% $4,719
Strong Home Mortgage, LLC 1 6.38% $1,901
Carrington Mortgage Services, LLC 1 5.63% $5,947
Summit Mortgage Corporation 1 5.75% $15,705
SUMMIT MORTGAGE CORPORATION 1 6.63% $4,658
Alaska USA Federal Credit Union 1 7.50% $3,324
T2 FINANCIAL LLC 1 7.38% $6,935
AMERICAN FINANCIAL NETWORK, INC. 1 7.25% $9,474
CALIBER HOME LOANS, INC. 1 6.99% $3,902
Willamette Valley Bank 1 6.38% $17,013
Ixonia Bank 1 7.13% $16,564
HomeStreet Bank 1 7.13% $8,929
Heritage Bank 1 6.00% $3,809
LEADERONE FINANCIAL CORPORATION 1 7.25% $9,901
LENDSURE MORTGAGE CORP. 1 8.38% $12,012
GUIDANCE RESIDENTIAL, LLC 1 7.38% $4,695
TOTAL MORTGAGE SERVICES, LLC 1 6.88% $7,757
Truist 1 6.49% $8,645
GUARANTY HOME MORTGAGE CORPORATION 1 7.50% $6,486
MANN FINANCIAL INC. 1 7.13% $7,060
MASON MCDUFFIE MORTGAGE CORPORATION 1 6.99% $18,452
MEGASTAR FINANCIAL CORP. 1 5.88% $10,186
UBS Bank USA 1 7.13% $2,408
GUARANTEED RATE AFFINITY, LLC 1 7.63% $6,793
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.88% $15,455
BOKF 1 6.75% $4,121
Grand Bank for Savings, FSB 1 8.75% $4,418

KENNEWICK - RICHLAND Average Closing Costs & Other Stats

KENNEWICK-RICHLAND, WA's 164 lenders originated 5,715 loans during 2023. The total origination value was $1,633,745,000, with an average loan value of $285,870.

KENNEWICK - RICHLAND's average closing costs are $6,077.

The top KENNEWICK - RICHLAND lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 306 loans originated. Their average total fees are $8,805, which is $476 higher than the next largest lender, CMG MORTGAGE, INC..

The lowest fee KENNEWICK - RICHLAND lenders (with over 10 loans originated) are Wells Fargo Bank ($4,172), U.S. Bank ($4,464), Yakima Federal Savings and Loan Association ($5,196), Bank of America ($5,848) and LPMC, LLC ($6,079).

The lowest rate KENNEWICK - RICHLAND lenders (with over 10 loans originated) are Yakima Federal Savings and Loan Association (5.75%), HOMEBRIDGE FINANCIAL SERVICES, INC. (6.20%), HOMESIDE FINANCIAL, LLC (6.23%), ENVOY MORTGAGE, LTD (6.31%) and Umpqua Bank (6.33%).

KENNEWICK-RICHLAND, WA Mortgage Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
UNITED WHOLESALE MORTGAGE, LLC $178,270,000 $177,440,000 -0.5% 10.9%
CMG MORTGAGE, INC. $16,840,000 $107,545,000 538.6% 6.6%
GESA $239,480,000 $97,155,000 -59.4% 5.9%
QUICKEN LOANS, LLC $128,320,000 $80,590,000 -37.2% 4.9%
AMERICAN PACIFIC MORTGAGE CORPORATION $39,570,000 $66,805,000 68.8% 4.1%
SUMMIT FUNDING, INC. $82,440,000 $60,670,000 -26.4% 3.7%
PRIMELENDING, A PLAINSCAPITAL COMPANY $72,335,000 $58,250,000 -19.5% 3.6%
HAPO COMMUNITY CREDIT UNION $86,785,000 $51,870,000 -40.2% 3.2%
1st Security Bank of Washington $96,050,000 $47,730,000 -50.3% 2.9%
HOMEBRIDGE FINANCIAL SERVICES, INC. $213,255,000 $45,825,000 -78.5% 2.8%
NUMERICA CREDIT UNION $86,650,000 $41,485,000 -52.1% 2.5%
Boeing Employees Credit Union $9,380,000 $38,415,000 309.5% 2.4%
Banner Bank $45,820,000 $34,260,000 -25.2% 2.1%
Umpqua Bank $156,380,000 $32,110,000 -79.5% 2.0%
Yakima Federal Savings and Loan Association $48,840,000 $29,175,000 -40.3% 1.8%
CHURCHILL MORTGAGE CORPORATION $48,840,000 $28,855,000 -40.9% 1.8%
SPOKANE TEACHERS $60,970,000 $28,765,000 -52.8% 1.8%
ENVOY MORTGAGE, LTD $96,500,000 $28,545,000 -70.4% 1.7%
MOVEMENT MORTGAGE, LLC $7,970,000 $28,520,000 257.8% 1.7%
Community First Bank $23,160,000 $25,225,000 8.9% 1.5%
CARDINAL FINANCIAL $9,260,000 $24,665,000 166.4% 1.5%
Flagstar Bank, FSB $42,585,000 $22,325,000 -47.6% 1.4%
EVERGREEN MONEYSOURCE MORTGAGE COMPANY $37,345,000 $21,675,000 -42.0% 1.3%
Mortgage Research Center, LLC $23,895,000 $20,180,000 -15.5% 1.2%
LOANDEPOT.COM, LLC $29,630,000 $20,020,000 -32.4% 1.2%
JPMorgan Chase Bank $28,335,000 $16,080,000 -43.3% 1.0%
U.S. Bank $22,630,000 $14,435,000 -36.2% 0.9%
Cornerstone First Mortgage, Inc $13,525,000 n/a 0.8%
NAVY FEDERAL CREDIT UNION $18,120,000 $13,265,000 -26.8% 0.8%
BROKER SOLUTIONS, INC. $8,695,000 $11,205,000 28.9% 0.7%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $14,955,000 $10,880,000 -27.2% 0.7%
Bank of America $14,445,000 $10,600,000 -26.6% 0.6%
GUILD MORTGAGE COMPANY $13,655,000 $10,045,000 -26.4% 0.6%
Wheatland Bank $1,885,000 $9,315,000 394.2% 0.6%
Wells Fargo Bank $31,950,000 $9,070,000 -71.6% 0.6%
DHI MORTGAGE COMPANY, LTD. $7,995,000 n/a 0.5%
HOMESIDE FINANCIAL, LLC $40,555,000 $7,935,000 -80.4% 0.5%
Washington Trust Bank $17,510,000 $7,905,000 -54.9% 0.5%
Mr. Cooper ( Nationstar Mortgage ) $21,535,000 $7,040,000 -67.3% 0.4%
PENNYMAC LOAN SERVICES, LLC $31,080,000 $6,675,000 -78.5% 0.4%
NEWREZ LLC $6,950,000 $6,670,000 -4.0% 0.4%
KeyBank $22,380,000 $6,550,000 -70.7% 0.4%
CROSSCOUNTRY MORTGAGE, LLC $10,040,000 $6,075,000 -39.5% 0.4%
LPMC, LLC $8,520,000 $5,670,000 -33.5% 0.3%
GUARANTEED RATE, INC. $825,000 $5,620,000 581.2% 0.3%
ACADEMY MORTGAGE CORPORATION $20,850,000 $5,050,000 -75.8% 0.3%
PacWest Funding Inc. $4,795,000 n/a 0.3%
FREEDOM MORTGAGE CORPORATION $21,820,000 $4,600,000 -78.9% 0.3%
LIMA ONE CAPITAL, LLC $3,345,000 $4,240,000 26.8% 0.3%
Citadel Servicing Corporation $4,220,000 $4,010,000 -5.0% 0.2%
USAA Federal Savings Bank $6,550,000 $3,940,000 -39.8% 0.2%
AMERISAVE MORTGAGE CORPORATION $11,090,000 $3,920,000 -64.7% 0.2%
The Huntington National Bank $3,660,000 n/a 0.2%
PROVIDENT FUNDING ASSOCIATES, L.P. $6,775,000 $3,500,000 -48.3% 0.2%
Discover Bank $1,070,000 $3,495,000 226.6% 0.2%
CORNERSTONE HOME LENDING, INC. $4,270,000 $3,395,000 -20.5% 0.2%
GENEVA FINANCIAL, LLC $520,000 $3,385,000 551.0% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $5,310,000 $3,185,000 -40.0% 0.2%
The Federal Savings Bank $4,955,000 $3,105,000 -37.3% 0.2%
Mechanics Bank $3,035,000 n/a 0.2%
Alaska USA Federal Credit Union $3,915,000 $2,870,000 -26.7% 0.2%
FINANCE OF AMERICA REVERSE LLC $1,680,000 $2,870,000 70.8% 0.2%
American Mortgage & Equity Consultants, Inc. $2,850,000 n/a 0.2%
Seattle Metropolitan Credit Union $1,290,000 $2,820,000 118.6% 0.2%
BMO Harris Bank $1,010,000 $2,795,000 176.7% 0.2%
Figure Lending LLC $2,875,000 $2,730,000 -5.0% 0.2%
Sunflower Bank $4,930,000 $2,645,000 -46.3% 0.2%
LAND HOME FINANCIAL SERVICES, INC. $5,965,000 $2,545,000 -57.3% 0.2%
SIRVA MORTGAGE, INC. $3,035,000 $2,445,000 -19.4% 0.1%
IDAHO CENTRAL $780,000 $2,430,000 211.5% 0.1%
Paramount Residential Mortgage Group, Inc. $1,910,000 $2,270,000 18.8% 0.1%
MEMBER FIRST MORTGAGE, LLC $1,145,000 $2,200,000 92.1% 0.1%
PREMIER MORTGAGE RESOURCES, L.L.C. $2,675,000 $2,160,000 -19.3% 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $1,515,000 $2,140,000 41.3% 0.1%
Self-Help Federal Credit Union $1,525,000 $2,140,000 40.3% 0.1%
PLANET HOME LENDING, LLC $1,010,000 $2,065,000 104.5% 0.1%
NEW DAY FINANCIAL, LLC $4,700,000 $2,000,000 -57.4% 0.1%
Northwest Farm Credit Services, FLCA $4,080,000 $1,985,000 -51.3% 0.1%
BETTER MORTGAGE CORPORATION $9,975,000 $1,965,000 -80.3% 0.1%
TRIAD FINANCIAL SERVICES, INC. $2,650,000 $1,950,000 -26.4% 0.1%
BAY EQUITY LLC $770,000 $1,945,000 152.6% 0.1%
Equity Prime Mortgage LLC $1,890,000 n/a 0.1%
FIRST TECHNOLOGY $1,110,000 $1,835,000 65.3% 0.1%
Carrington Mortgage Services, LLC $5,790,000 $1,825,000 -68.5% 0.1%
Plains Commerce Bank $1,765,000 n/a 0.1%
HSBC BANK USA, NATIONAL ASSOCIATION $465,000 $1,700,000 265.6% 0.1%
LOANPAL, LLC $855,000 $1,680,000 96.5% 0.1%
Third Federal Savings and Loan Association of Cleveland $1,390,000 $1,670,000 20.1% 0.1%
General Mortgage Capital Corporation $1,640,000 n/a 0.1%
SAMMAMISH MORTGAGE COMPANY $1,800,000 $1,620,000 -10.0% 0.1%
Potlatch No. 1 Financial Credit Union $760,000 $1,585,000 108.6% 0.1%
NATIONS DIRECT MORTGAGE, LLC $1,195,000 $1,450,000 21.3% 0.1%
NBKC BANK $4,975,000 $1,450,000 -70.9% 0.1%
PENTAGON FEDERAL CREDIT UNION $3,505,000 $1,415,000 -59.6% 0.1%
WASHINGTON STATE EMPLOYEES Credit Union $16,725,000 $1,375,000 -91.8% 0.1%
MICHIGAN MUTUAL, INC. $1,275,000 $1,340,000 5.1% 0.1%
PLAZA HOME MORTGAGE, INC. $1,335,000 n/a 0.1%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $945,000 $1,315,000 39.2% 0.1%
AMERICAN FINANCING CORPORATION $4,770,000 $1,305,000 -72.6% 0.1%
ON Q FINANCIAL, INC. $1,300,000 n/a 0.1%
ZILLOW HOME LOANS, LLC $405,000 $1,285,000 217.3% 0.1%
Loan Simple, Inc. $1,260,000 $1,265,000 0.4% 0.1%
AMERICAN FINANCIAL NETWORK, INC. $1,240,000 n/a 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $1,500,000 $1,240,000 -17.3% 0.1%
CHERRY CREEK MORTGAGE, LLC $12,500,000 $1,210,000 -90.3% 0.1%
SPRING EQ, LLC $1,565,000 $1,205,000 -23.0% 0.1%
HomeStreet Bank $6,855,000 $1,185,000 -82.7% 0.1%
OCMBC, INC. $1,180,000 n/a 0.1%
MOUNTAIN AMERICA $3,065,000 $1,175,000 -61.7% 0.1%
CREDIT HUMAN FEDERAL CREDIT UNION $295,000 $1,165,000 294.9% 0.1%
Northpointe Bank $2,995,000 $1,155,000 -61.4% 0.1%
TOP FLITE FINANCIAL, INC. $1,325,000 $1,130,000 -14.7% 0.1%
Century Mortgage Company DBA Century Lending Company $295,000 $1,085,000 267.8% 0.1%
Nations Lending Corporation $1,920,000 $1,085,000 -43.5% 0.1%
21ST MORTGAGE CORPORATION $1,455,000 $1,080,000 -25.8% 0.1%
HOMEXPRESS MORTGAGE CORP. $670,000 $1,080,000 61.2% 0.1%
S1L, Inc. $8,180,000 $1,065,000 -87.0% 0.1%
VILLAGE CAPITAL MORTGAGE $1,255,000 $1,065,000 -15.1% 0.1%
Logan Finance Corporation $1,050,000 n/a 0.1%
OnPoint Community Credit Union $1,805,000 $1,050,000 -41.8% 0.1%
Commerce Home Mortgage, Inc. $580,000 $1,020,000 75.9% 0.1%
GUARANTEED RATE AFFINITY, LLC $1,910,000 $980,000 -48.7% 0.1%
Sierra Pacific Mortgage Company, Inc. $1,300,000 $960,000 -26.2% 0.1%
LAKEVIEW LOAN SERVICING, LLC $11,650,000 $935,000 -92.0% 0.1%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $920,000 n/a 0.1%
NFM, INC. $1,815,000 $915,000 -49.6% 0.1%
VELOCITY COMMERCIAL CAPITAL, LLC $910,000 n/a 0.1%
Citibank $85,000 $875,000 929.4% 0.1%
PNC Bank $16,695,000 $860,000 -94.8% 0.1%
iQ Credit Union $4,340,000 $855,000 -80.3% 0.1%
PREMIA MORTGAGE, LLC $1,550,000 $850,000 -45.2% 0.1%
DAS Acquisition Company, LLC $840,000 n/a 0.1%
Willamette Valley Bank $2,045,000 $840,000 -58.9% 0.1%
ALLIANT CREDIT UNION $375,000 $830,000 121.3% 0.1%
HomeTrust Bank $810,000 n/a 0.0%
Barrington Bank & Trust Company, N.A. $715,000 $790,000 10.5% 0.0%
GUIDANCE RESIDENTIAL, LLC $790,000 n/a 0.0%
Heritage Bank $785,000 n/a 0.0%
A&D Mortgage LLC $775,000 n/a 0.0%
T2 FINANCIAL LLC $750,000 n/a 0.0%
Qualstar Credit Union $195,000 $735,000 276.9% 0.0%
Summit Mortgage Corporation $1,255,000 $720,000 -42.6% 0.0%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $710,000 n/a 0.0%
The Loan Store, Inc. $710,000 n/a 0.0%
First National Bank of America $1,845,000 $705,000 -61.8% 0.0%
Lakeview Community Capital, LLC $3,655,000 $700,000 -80.8% 0.0%
MID AMERICA MORTGAGE, INC. $410,000 $695,000 69.5% 0.0%
Washington Federal Bank $14,400,000 $690,000 -95.2% 0.0%
Ixonia Bank $375,000 $685,000 82.7% 0.0%
CALCON MUTUAL MORTGAGE LLC $285,000 $680,000 138.6% 0.0%
Strong Home Mortgage, LLC $3,465,000 $665,000 -80.8% 0.0%
Truist $640,000 n/a 0.0%
Morgan Stanley Private Bank $2,675,000 $620,000 -76.8% 0.0%
LENDINGONE, LLC $1,010,000 $600,000 -40.6% 0.0%
Hometown Equity Mortgage, LLC $245,000 $590,000 140.8% 0.0%
MASON MCDUFFIE MORTGAGE CORPORATION $425,000 $585,000 37.6% 0.0%
Evolve Bank & Trust $285,000 $565,000 98.2% 0.0%
BAY-VALLEY MORTGAGE GROUP $555,000 n/a 0.0%
Watermark Capital, Inc. $155,000 $555,000 258.1% 0.0%
AMWEST FUNDING CORP. $545,000 n/a 0.0%
Ameris Bank $535,000 n/a 0.0%
Avista Corporation Credit Union $185,000 $525,000 183.8% 0.0%
Coastal Community Bank $525,000 n/a 0.0%
NP, Inc. $875,000 $525,000 -40.0% 0.0%
O BEE $265,000 $525,000 98.1% 0.0%
SUN WEST MORTGAGE COMPANY, INC. $3,500,000 $510,000 -85.4% 0.0%
MANN FINANCIAL INC. $805,000 $505,000 -37.3% 0.0%
CIVIC FINANCIAL SERVICES, LLC $490,000 n/a 0.0%
AMERICAN INTERNET MORTGAGE, INC. $255,000 $485,000 90.2% 0.0%
V.I.P. MORTGAGE, INC. $1,075,000 $485,000 -54.9% 0.0%
FINANCE OF AMERICA MORTGAGE LLC $21,175,000 $480,000 -97.7% 0.0%
NEXERA HOLDING LLC $1,030,000 $480,000 -53.4% 0.0%
Goldwater Bank, N.A. $465,000 n/a 0.0%
AXIA FINANCIAL, LLC $935,000 $460,000 -50.8% 0.0%
EMM LOANS LLC $600,000 $440,000 -26.7% 0.0%
Ally Bank $245,000 $435,000 77.6% 0.0%
TEMPLE VIEW CAPITAL FUNDING, LP $365,000 $420,000 15.1% 0.0%
Axos Bank $415,000 n/a 0.0%
Citizens Bank $355,000 $415,000 16.9% 0.0%
VANDERBILT MORTGAGE AND FINANCE, INC. $415,000 n/a 0.0%
EagleBank $405,000 n/a 0.0%
LEADERONE FINANCIAL CORPORATION $580,000 $405,000 -30.2% 0.0%
Deere Employees Credit Union $565,000 $390,000 -31.0% 0.0%
MEGASTAR FINANCIAL CORP. $385,000 n/a 0.0%
COLUMBIA COMMUNITY CREDIT UNION $55,000 $375,000 581.8% 0.0%
Glacier Bank $1,305,000 $375,000 -71.3% 0.0%
GUARANTY HOME MORTGAGE CORPORATION $375,000 n/a 0.0%
RESIDENTIAL MORTGAGE, LLC $375,000 n/a 0.0%
CANOPY MORTGAGE, LLC $2,450,000 $365,000 -85.1% 0.0%
Cashmere Valley Bank $225,000 $365,000 62.2% 0.0%
WHATCOM EDUCATIONAL CREDIT UNION $100,000 $360,000 260.0% 0.0%
BOKF $355,000 n/a 0.0%
First Western Trust Bank $495,000 $355,000 -28.3% 0.0%
CALIBER HOME LOANS, INC. $37,355,000 $335,000 -99.1% 0.0%
CANVAS CREDIT UNION $335,000 n/a 0.0%
FIRST COLONY MORTGAGE CORPORATION $335,000 n/a 0.0%
LENDSURE MORTGAGE CORP. $335,000 n/a 0.0%
NETWORK CAPITAL FUNDING CORPORATION $2,495,000 $335,000 -86.6% 0.0%
TOTAL MORTGAGE SERVICES, LLC $335,000 n/a 0.0%
LIBERTY HOME MORTGAGE CORPORATION $305,000 $325,000 6.6% 0.0%
LONGBRIDGE FINANCIAL, LLC $825,000 $320,000 -61.2% 0.0%
Rivermark Community Credit Union $320,000 n/a 0.0%
ARC HOME LLC $265,000 $305,000 15.1% 0.0%
Bank of the Pacific $1,790,000 $305,000 -83.0% 0.0%
Prosperity Home Mortgage, LLC $385,000 $305,000 -20.8% 0.0%
SOUND $265,000 $305,000 15.1% 0.0%
PHH Mortgage Corporation $3,475,000 $300,000 -91.4% 0.0%
First Interstate Bank $1,270,000 $295,000 -76.8% 0.0%
RANLIFE, INC. $310,000 $295,000 -4.8% 0.0%
Raymond James Bank $295,000 n/a 0.0%
PENRITH HOME LOANS LLC $1,055,000 $285,000 -73.0% 0.0%
Bank of Eastern Oregon $280,000 n/a 0.0%
Armed Forces Bank $275,000 n/a 0.0%
HOMEOWNERS FINANCIAL GROUP USA, LLC $275,000 n/a 0.0%
BEEHIVE $265,000 n/a 0.0%
LADERA LENDING, INC. $2,015,000 $265,000 -86.8% 0.0%
NuVision Federal Credit Union $265,000 n/a 0.0%
SUMMIT MORTGAGE CORPORATION $265,000 n/a 0.0%
UBS Bank USA $2,760,000 $265,000 -90.4% 0.0%
QUORUM FEDERAL CREDIT UNION $280,000 $255,000 -8.9% 0.0%
RF Renovo Management Company, LLC $255,000 n/a 0.0%
Stifel Bank and Trust $255,000 n/a 0.0%
WINGS FINANCIAL $255,000 n/a 0.0%
Eagle Bank and Trust Company $245,000 n/a 0.0%
VERITAS FUNDING, LLC $940,000 $245,000 -73.9% 0.0%
LENDINGHOME FUNDING CORPORATION $1,975,000 $235,000 -88.1% 0.0%
First Financial Northwest Bank $225,000 n/a 0.0%
ALL REVERSE MORTGAGE, INC. $185,000 $215,000 16.2% 0.0%
First State Bank of St. Charles, Missouri $215,000 n/a 0.0%
Greenbox Loans, Inc. $265,000 $215,000 -18.9% 0.0%
Bethpage Federal Credit Union $760,000 $210,000 -72.4% 0.0%
GEORGIA'S OWN $1,120,000 $210,000 -81.3% 0.0%
RED CANOE CREDIT UNION $195,000 $205,000 5.1% 0.0%
HORIZON $270,000 $195,000 -27.8% 0.0%
RBC Bank, (Georgia) $375,000 $195,000 -48.0% 0.0%
Bank of Idaho $25,000 $185,000 640.0% 0.0%
UIF CORPORATION $185,000 n/a 0.0%
UNION HOME MORTGAGE CORP. $660,000 $180,000 -72.7% 0.0%
FIRST COMMUNITY $165,000 n/a 0.0%
AmeriHome Mortgage Company, LLC $255,000 $155,000 -39.2% 0.0%
Baker Boyer National Bank $2,580,000 $155,000 -94.0% 0.0%
Grand Bank for Savings, FSB $145,000 n/a 0.0%
CIS Financial Services, Inc. $345,000 $125,000 -63.8% 0.0%
Connexus Credit Union $125,000 n/a 0.0%
HARBORSTONE $150,000 $75,000 -50.0% 0.0%
KITSAP Credit Union $75,000 n/a 0.0%
RESIDENTIAL BANCORP $1,745,000 $75,000 -95.7% 0.0%
ROYAL UNITED MORTGAGE LLC $195,000 $65,000 -66.7% 0.0%
DIGITAL Federal Credit Union $55,000 n/a 0.0%
America's Credit Union $6,285,000 $45,000 -99.3% 0.0%
Baxter Credit Union $25,000 $45,000 80.0% 0.0%
FIBRE FEDERAL CREDIT UNION $210,000 $45,000 -78.6% 0.0%
Utah Power $35,000 n/a 0.0%

KENNEWICK - RICHLAND's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 10.9% market share. In second place, with 6.6%, is CMG MORTGAGE, INC., having originated $107,545,000 in loans. In third place, with 5.9%, is GESA, having originated $97,155,000 in loans. In fourth place, with 4.9%, is QUICKEN LOANS, LLC, having originated $80,590,000 in loans. In fifth place, with 4.1%, is AMERICAN PACIFIC MORTGAGE CORPORATION, having originated $66,805,000 in loans.


KENNEWICK - RICHLAND Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - KENNEWICK - RICHLAND (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $316,575 (6.6%) $339,630 (2.4%) 1.17 833
2018-02-01 $322,450 (1.6%) $344,325 (0.4%) 1.17 825
2018-03-01 $329,800 (1.5%) $354,695 (1.4%) 1.16 850
2018-04-01 $324,975 (0.0%) $353,587 (1.4%) 1.10 933
2018-05-01 $330,000 (0.3%) $356,641 (0.6%) 1.10 990
2018-06-01 $334,000 (0.5%) $356,504 (-1.9%) 1.11 745
2018-07-01 $330,750 (1.8%) $354,951 (0.4%) 1.10 1,075
2018-08-01 $322,450 (1.1%) $353,370 (0.9%) 1.08 1,134
2018-09-01 $318,230 (6.2%) $352,338 (7.1%) 1.07 1,159
2018-10-01 $318,615 (6.2%) $355,604 (8.4%) 1.08 1,147
2018-11-01 $316,525 (4.0%) $354,420 (7.2%) 1.07 1,066
2018-12-01 $320,000 (3.2%) $357,779 (6.9%) 1.10 947
2019-01-01 $320,000 (1.1%) $353,449 (4.1%) 1.11 884
2019-02-01 $322,335 (0.0%) $353,936 (2.8%) 1.09 823
2019-03-01 $338,923 (2.8%) $370,285 (4.4%) 1.11 665
2019-04-01 $357,725 (10.1%) $391,783 (10.8%) 1.14 519
2019-05-01 $349,979 (6.1%) $390,175 (9.4%) 1.09 539
2019-06-01 $359,000 (7.5%) $397,081 (11.4%) 1.12 543
2019-07-01 $364,225 (10.1%) $402,174 (13.3%) 1.14 583
2019-08-01 $362,018 (12.3%) $401,043 (13.5%) 1.15 631
2019-09-01 $352,389 (10.7%) $389,168 (10.5%) 1.13 692
2019-10-01 $345,970 (8.6%) $381,250 (7.2%) 1.12 712
2019-11-01 $350,000 (10.6%) $397,106 (12.0%) 1.15 682
2019-12-01 $351,900 (10.0%) $395,414 (10.5%) 1.17 631
2020-01-01 $359,675 (12.4%) $401,282 (13.5%) 1.20 576
2020-02-01 $373,415 (15.9%) $404,209 (14.2%) 1.22 497
2020-03-01 $384,925 (13.6%) $416,184 (12.4%) 1.21 498
2020-04-01 $397,400 (11.1%) $421,967 (7.7%) 1.24 498
2020-05-01 $409,950 (17.1%) $432,531 (10.9%) 1.25 475
2020-06-01 $402,500 (12.1%) $435,713 (9.7%) 1.19 486
2020-07-01 $414,288 (13.7%) $446,390 (11.0%) 1.20 502
2020-08-01 $409,000 (13.0%) $442,641 (10.4%) 1.17 469
2020-09-01 $399,900 (13.5%) $451,503 (16.0%) 1.15 465
2020-10-01 $399,900 (15.6%) $452,538 (18.7%) 1.15 469
2020-11-01 $402,725 (15.1%) $458,393 (15.4%) 1.18 416
2020-12-01 $418,400 (18.9%) $467,591 (18.3%) 1.24 347
2021-01-01 $418,825 (16.5%) $472,255 (17.7%) 1.25 313
2021-02-01 $427,450 (14.5%) $487,732 (20.7%) 1.24 280
2021-03-01 $440,925 (14.6%) $488,179 (17.3%) 1.25 234
2021-04-01 $443,975 (11.7%) $497,243 (17.8%) 1.20 203
2021-05-01 $460,000 (12.2%) $504,389 (16.6%) 1.22 200
2021-06-01 $477,723 (18.7%) $514,869 (18.2%) 1.26 205
2021-07-01 $472,500 (14.1%) $516,576 (15.7%) 1.25 243
2021-08-01 $506,213 (23.8%) $539,037 (21.8%) 1.35 293
2021-09-01 $499,450 (24.9%) $532,473 (17.9%) 1.33 356
2021-10-01 $512,875 (28.3%) $552,306 (22.1%) 1.37 389
2021-11-01 $526,938 (30.8%) $566,403 (23.6%) 1.41 416
2021-12-01 $531,913 (27.1%) $576,270 (23.2%) 1.44 392
2022-01-01 $551,400 (31.7%) $581,924 (23.2%) 1.49 338
2022-02-01 $534,940 (25.2%) $572,735 (17.4%) 1.39 305
2022-03-01 $542,188 (23.0%) $577,866 (18.4%) 1.36 309
2022-04-01 $525,000 (18.3%) $563,840 (13.4%) 1.25 328
2022-05-01 $530,150 (15.3%) $564,771 (12.0%) 1.21 355
2022-06-01 $537,000 (12.4%) $573,579 (11.4%) 1.20 409
2022-07-01 $525,000 (11.1%) $565,657 (9.5%) 1.18 540
2022-08-01 $525,000 (3.7%) $567,134 (5.2%) 1.21 571
2022-09-01 $539,700 (8.1%) $580,669 (9.1%) 1.26 547
2022-10-01 $549,900 (7.2%) $583,976 (5.7%) 1.29 641
2022-11-01 $546,000 (3.6%) $582,037 (2.8%) 1.31 674
2022-12-01 $549,900 (3.4%) $577,267 (0.2%) 1.36 613
2023-01-01 $551,950 (0.1%) $575,846 (-1.0%) 1.37 554
2023-02-01 $559,450 (4.6%) $580,836 (1.4%) 1.35 525
2023-03-01 $549,948 (1.4%) $584,334 (1.1%) 1.30 504
2023-04-01 $544,950 (3.8%) $590,356 (4.7%) 1.27 526
2023-05-01 $542,423 (2.3%) $600,010 (6.2%) 1.23 601
2023-06-01 $542,850 (1.1%) $595,611 (3.8%) 1.22 644
2023-07-01 $549,875 (4.7%) $608,595 (7.6%) 1.25 655
2023-08-01 $541,263 (3.1%) $610,331 (7.6%) 1.24 707
2023-09-01 $534,875 (-0.9%) $601,651 (3.6%) 1.25 751
2023-10-01 $517,500 (-5.9%) $589,543 (1.0%) 1.22 775
2023-11-01 $519,900 (-4.8%) $588,596 (1.1%) 1.24 795
2023-12-01 $517,900 (-5.8%) $582,290 (0.9%) 1.26 751
2024-01-01 $519,113 (-6.0%) $582,593 (1.2%) 1.27 689
2024-02-01 $501,148 (-10.4%) $569,972 (-1.9%) 1.21 669
2024-03-01 $515,000 (-6.4%) $584,268 (0.0%) 1.21 638
KENNEWICK - RICHLAND's median listing price for 2024-03-01 was $515,000, a difference of $-34,948 (-6.4%) versus the prior year and $13,852 versus the prior month.

KENNEWICK - RICHLAND's median listing price comes in at 121% of the national average.

KENNEWICK - RICHLAND's average listing price for 2024-03-01 was $584,268, a difference of $-66 (0.0%) versus the prior year and $14,296 versus the prior month.

For the 2024-03-01 period, KENNEWICK - RICHLAND had 638 MLS listings, a difference of -31 listings (-5%) versus the prior month and 134 listings (27%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - KENNEWICK - RICHLAND (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 65 days 2,151 sqft
2018-02-01 51 days 2,171 sqft
2018-03-01 37 days 2,188 sqft
2018-04-01 33 days 2,159 sqft
2018-05-01 36 days 2,192 sqft
2018-06-01 36 days 2,200 sqft
2018-07-01 36 days 2,183 sqft
2018-08-01 38 days 2,137 sqft
2018-09-01 43 days 2,107 sqft
2018-10-01 46 days 2,121 sqft
2018-11-01 51 days 2,122 sqft
2018-12-01 61 days 2,118 sqft
2019-01-01 65 days 2,099 sqft
2019-02-01 61 days 2,062 sqft
2019-03-01 55 days 2,113 sqft
2019-04-01 47 days 2,173 sqft
2019-05-01 39 days 2,142 sqft
2019-06-01 37 days 2,181 sqft
2019-07-01 31 days 2,204 sqft
2019-08-01 34 days 2,214 sqft
2019-09-01 40 days 2,197 sqft
2019-10-01 46 days 2,185 sqft
2019-11-01 46 days 2,234 sqft
2019-12-01 53 days 2,161 sqft
2020-01-01 60 days 2,194 sqft
2020-02-01 56 days 2,200 sqft
2020-03-01 37 days 2,205 sqft
2020-04-01 42 days 2,239 sqft
2020-05-01 53 days 2,327 sqft
2020-06-01 44 days 2,305 sqft
2020-07-01 41 days 2,300 sqft
2020-08-01 37 days 2,270 sqft
2020-09-01 36 days 2,248 sqft
2020-10-01 36 days 2,202 sqft
2020-11-01 46 days 2,201 sqft
2020-12-01 61 days 2,193 sqft
2021-01-01 53 days 2,161 sqft
2021-02-01 42 days 2,144 sqft
2021-03-01 33 days 2,180 sqft
2021-04-01 33 days 2,174 sqft
2021-05-01 29 days 2,232 sqft
2021-06-01 28 days 2,236 sqft
2021-07-01 22 days 2,145 sqft
2021-08-01 23 days 2,213 sqft
2021-09-01 22 days 2,190 sqft
2021-10-01 33 days 2,179 sqft
2021-11-01 38 days 2,221 sqft
2021-12-01 52 days 2,220 sqft
2022-01-01 64 days 2,212 sqft
2022-02-01 49 days 2,176 sqft
2022-03-01 38 days 2,138 sqft
2022-04-01 33 days 2,184 sqft
2022-05-01 28 days 2,176 sqft
2022-06-01 27 days 2,222 sqft
2022-07-01 31 days 2,202 sqft
2022-08-01 37 days 2,223 sqft
2022-09-01 47 days 2,254 sqft
2022-10-01 44 days 2,200 sqft
2022-11-01 50 days 2,177 sqft
2022-12-01 68 days 2,146 sqft
2023-01-01 79 days 2,140 sqft
2023-02-01 83 days 2,167 sqft
2023-03-01 59 days 2,200 sqft
2023-04-01 53 days 2,167 sqft
2023-05-01 44 days 2,158 sqft
2023-06-01 45 days 2,137 sqft
2023-07-01 52 days 2,192 sqft
2023-08-01 46 days 2,194 sqft
2023-09-01 49 days 2,168 sqft
2023-10-01 53 days 2,133 sqft
2023-11-01 59 days 2,144 sqft
2023-12-01 68 days 2,092 sqft
2024-01-01 78 days 2,085 sqft
2024-02-01 70 days 2,025 sqft
2024-03-01 53 days 2,021 sqft
KENNEWICK - RICHLAND's median listing age (time on market) for 2024-03-01 was 53 days. This is -10% shorter than the same period one year ago.

KENNEWICK - RICHLAND's median square footage for active listings during the 2024-03-01 period was 2,021 sqft. One year prior, the average listing was 2,200 sqft.

KENNEWICK-RICHLAND, WA Average Rent (2023)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
98930 Kennewick-Richland, WA MSA $820 $830 $1,090 $1,540 $1,630
98944 Kennewick-Richland, WA MSA $830 $840 $1,100 $1,560 $1,640
99301 Kennewick-Richland, WA MSA $770 $900 $1,120 $1,480 $1,840
99302 Kennewick-Richland, WA MSA $780 $920 $1,140 $1,510 $1,870
99320 Kennewick-Richland, WA MSA $830 $970 $1,210 $1,600 $1,990
99326 Kennewick-Richland, WA MSA $720 $850 $1,060 $1,400 $1,740
99330 Kennewick-Richland, WA MSA $720 $850 $1,060 $1,400 $1,740
99335 Kennewick-Richland, WA MSA $640 $770 $960 $1,290 $1,620
99336 Kennewick-Richland, WA MSA $800 $940 $1,170 $1,550 $1,920
99337 Kennewick-Richland, WA MSA $920 $1,080 $1,340 $1,770 $2,200
99338 Kennewick-Richland, WA MSA $920 $1,080 $1,340 $1,770 $2,200
99343 Kennewick-Richland, WA MSA $640 $770 $960 $1,290 $1,620
99344 Kennewick-Richland, WA MSA $790 $930 $1,150 $1,520 $1,890
99345 Kennewick-Richland, WA MSA $700 $820 $1,020 $1,350 $1,680
99346 Kennewick-Richland, WA MSA $860 $1,010 $1,260 $1,660 $2,060
99350 Kennewick-Richland, WA MSA $700 $810 $1,010 $1,350 $1,660
99352 Kennewick-Richland, WA MSA $940 $1,100 $1,370 $1,810 $2,250
99353 Kennewick-Richland, WA MSA $1,110 $1,310 $1,630 $2,160 $2,680
99354 Kennewick-Richland, WA MSA $860 $1,010 $1,260 $1,670 $2,070
99359 Kennewick-Richland, WA MSA $780 $920 $1,140 $1,510 $1,870
99371 Kennewick-Richland, WA MSA $780 $920 $1,140 $1,510 $1,870

2022 Average & Median Rent Data Statistics
KENNEWICK-RICHLAND, WA average 1BR rent: $935, median: $920
KENNEWICK-RICHLAND, WA average 2BR rent: $1,168, median: $1,140
KENNEWICK-RICHLAND, WA average 3BR rent: $1,557, median: $1,520

KENNEWICK-RICHLAND, WA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 3,315 $1,228,155,000 $370,484
Home Improvement 763 $74,665,000 $97,857
Cash Out Refi 757 $194,475,000 $256,902
Other 655 $65,105,000 $99,397
Refi 225 $71,345,000 $317,089

Kennewick - Richland's most frequently cited loan purpose was Home Purchase, with 3,315 originations. The 2nd most popular reason was Home Improvement, with 763 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 1,878 $656,720,000 $349,691
Over 8% 1,429 $187,815,000 $131,431
7-8% 1,176 $385,900,000 $328,146
5-6% 834 $339,390,000 $406,942
<2.5% 137 $3,835,000 $27,993
4-5% 82 $22,430,000 $273,537
3-4% 7 $2,925,000 $417,857
2.5-3% 1 $125,000 $125,000

During 2023, Kennewick - Richland's most frequently originated rate bucket was 6-7%, with 1,878 originations.

Loan Sizing (KENNEWICK-RICHLAND, WA MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 2,263 $697,195,000 $308,084
$100,000 or less 1,287 $66,395,000 $51,589
$400k-600k 1,030 $485,780,000 $471,631
$100k-200k 891 $124,055,000 $139,231
$600k-1000k 208 $145,980,000 $701,827
$Over $1MM 36 $114,340,000 $3,176,111

KENNEWICK - RICHLAND's loan sizing saw the bucket of loans from $200k-400k with 2,263 originations, totaling $697,195,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 2,143 $843,645,000 $393,675
Under 20% 1,142 $66,320,000 $58,074
60-80% 953 $368,915,000 $387,109
20-40% 750 $129,270,000 $172,360
40-60% 492 $151,710,000 $308,354
Over 100% 75 $38,375,000 $511,667

KENNEWICK - RICHLAND's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,143 originations, totaling $843,645,000 in origination value.