Foreclosures in Palouse, WA

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Home Value Estimator For Palouse, WA

There are currently 581 real estate properties in Palouse, WA, with a median automated valuation model (AVM) price of $306,069.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Palouse, WA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Palouse, WA, is $337,330.00, with the most expensive house in Palouse, WA, topping out at $1,257,485.00 and the cheapest home in Palouse, WA, clocking in at $32,480.00. In other words, there’s something for every potential homebuyer or savvy investor in Palouse, WA!

Rent Prices In Palouse, WA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Palouse, WA, is on a rollercoaster ride. The average rent price in Palouse, WA, is $1,259.00. Indeed, when looking to rent in Palouse, WA, you can expect to pay as little as $680.00 or as much as $2,240.00, with the average rent median estimated to be $1,220.00. The good news is that finding an affordable and desirable property to rent in Palouse, WA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Palouse, WA In 2024

Palouse is located in Whitman, Washington, with an estimated municipal population of 1,075 residents. All of the best foreclosed homes for sale in Palouse are located in the following zip code areas on 99161. The estimated population per square kilometer (.62 miles) in Palouse is 396.

Cost Of Living In Palouse, WA

So, about how much do homes cost in Palouse? The most recent median value of resident-owned homes in Palouse is 169,980. An estimated 83 percent of households in Palouse own their homes, with an average family size of 2.83. The median household income in Palouse is 66,250, with31.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Palouse, the median commute time of resident workers (in minutes) is 19.7. And last, but certainly not least, are you looking for homes to rent in Palouse? If so, the average rent price paid by renters in Palouse is 540, according to recent statistics.

Diversity And Demographics In Palouse, Washington

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Palouse, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Palouse is 49.9, split between 53.9 percent male versus 46.1 female. The percentage of residents who report being married in Palouse is 57, with an average family size of 2.83.

The percentage of residents who report their race in Palouse is as follows:

White 89.1%
Black / African American 1.3%
Asian 3.5%
American Indian / Alaskan Native 0.9%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 4.4%
Other 0.9%

Looking for family-friendly neighborhoods in and/or near Palouse? Or maybe you are searching for 55+ active adult communities in and/or near Palouse?

The percentage of residents who report their age in Palouse is as follows:

Under 10 8.1%
Aged 10-19 10.5%
20s 9.5%
30s 9.6%
40s 12.8%
50s 17.2%
60s 17.7%
70s 11.7%
80+ 2.9%

Best Schools In Palouse, Washington

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Palouse with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Palouse.

Pros And Cons Of Living In Palouse, Washington

How do you know that living in -- or moving to -- Palouse is right where you need to be? Perhaps you grew up in Palouse or already live nearby; therefore, the decision to buy a home in Palouse is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Palouse for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Palouse:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Palouse.

Reasons To Move To Palouse, Washington, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Palouse can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Palouse, meanwhile, can field multiple offers from more qualified buyers.

Palouse, WA Foreclosures


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