Counties / Washington / Benton County

Benton County, WA

FIPS 53005 · population 212,905 · part of Kennewick, WA

$452k
Zillow home value · 2026-06
The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$452k
▲ 0.2% year over year
Zillow ZHVI · direct
Median asking rent
$1,713
▲ 1.9% year over year
Zillow ZORI · direct
Gross yield
4.5%
annual rent ÷ price, before costs
derived: rent × 12 ÷ price ✓
HUD 2-bed standard
$1,538
market rent is 1.11x the standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

Both annual signals move in the same direction
FHFA five-year cumulative+45.6%not annualized · through 2025
0%ZILLOW ZHVI2026-06+0.2%FHFA HPI2025+3.1%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-07-28.
Owner-reported value$408k
Surveyed gross rent$1,306
Rent burden 30%+48.2%
Median year built1988
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
6.1%vacant
83,101estimated housing units
Occupied tenure32.4% renter
owner 67.6%renter 32.4%
Structure mix66.4% single-family
Single-family 66.4%20+ units 9.4%Mobile home 8.5%Other 15.7%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs99,986▲ 1.3% from the prior annual release
Covered establishments5,503annual average reporting locations
Average weekly wage$1,423▲ 4.5% from the prior annual release
Largest private supersectorProfessional and business services24.8% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS+1.3%WEEKLY WAGE+4.5%Professional and business services24.8%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2025 vs 2024 · pulled 2026-07-31. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

County brief

What the local evidence says

01Decision frame

Benton County presents a carry-versus-liquidity tension: Zillow’s county observation is modestly positive for value and asking rent, while visible listings indicate more negotiation. It merits investigation for buyers able to verify asset costs and tolerate marketing time; buyers relying on a quick resale should be cautious. County evidence cannot establish every submarket’s outcome.

02Housing economics

Zillow reports a $452,290 median home value and $1,713 monthly median asking rent. The supplied gross yield is 4.54%, annual market rent divided by price before costs. HUD’s $1,538 two-bedroom FMR is a payment standard, not an asking-rent estimate; it cannot replace market rent in the yield calculation. The 0.78% effective property-tax rate is a carrying cost, but insurance, maintenance, vacancy, utilities and management costs are not published. Net operating income and cap rate cannot be underwritten.

03Demand & competition

Realtor.com’s MLS listing-market evidence shows median listing price down 4.67% year over year, active listings increasing, median marketing time of 52 days, and 20.48% of listings with a price reduction. These are asking-price, visible-supply, marketing-time and seller-concession signals—not closed prices or proof of buyer demand. Net migration was a calculated gain of 533 tax-return households, but incoming movers reported lower average income than outgoing movers; that tempers a simple demand reading. Investors made 156 of 2,773 purchases, showing participation but not bidding intensity.

04Risk & next checks

FHFA’s 2025 repeat-transaction HPI rose 3.09%, supporting Zillow’s direction, but its method and the separate Zillow observation must not be blended into a common appreciation rate or dollar value. QCEW recorded 99,986 annual average covered jobs at county workplaces, up 1.34%; Professional and business services was the largest disclosed private supersector, not the whole economy. Inland flood is the dominant hazard, alongside a modeled expected annual loss ratio of 0.15% of building value. Site flood exposure, insurance quotes, closed-sale comps, vacancy, lease terms and operating history are not published, preventing asset-level cash-flow, resale and hazard underwriting.

Cities & communities

Where people live within Benton County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Kennewick city85.3KRichland city62.8KWest Richland city17.6KProsser city6.3KFinley CDP5.6KBenton City city3.7K
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

6 Census places

Population
  1. 01
    Kennewick cityIncorporated place
    85,295
  2. 02
    Richland cityIncorporated place
    62,753
  3. 03
    West Richland cityIncorporated place
    17,586
  4. 04
    Prosser cityIncorporated place
    6,305
  5. 05
    Finley CDPCensus-designated place
    5,634
  6. 06
    Benton City cityIncorporated place
    3,695

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardinland flooding

0.152% of building value expected lost per year

Effective property tax0.78%

$3,163 median annual bill

02
DemandIRS SOI household flows
Net migration+533

6,086 in · 5,553 out

Arriving vs leaving income−$4,429

$67,154 arriving · $71,583 leaving

03
CompetitionHMDA financed purchases
Purchases by investors5.6%

156 of 2,773 mortgages

investorother financed
Current listing pressure

What sellers and visible supply are doing

Realtor.com® Economic Research · county inventory 2026-06 · pulled 2026-07-28
Active listings821▲ 1.4% year over year
Median days on market52▲ 3.0% year over year
Listings price-reduced20.5%seller-concession signal
Median listing pricen/a▼ 4.7% year over year

Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.

Same metro

The other counties in Kennewick, WA

A metro is an average of these. Which side of a county line a property sits on can change the tax bill, the hazard profile and the tenant pool.

CountyPopulationPriceRentYieldHazard
Benton County212,905$452k$1,7134.5%inland flooding
Franklin County98,902$423k$1,6774.8%inland flooding
Bear case

What can break the county thesis

  1. Further listing-price reductions or extended marketing periods could impair a resale-based exit assumption.
  2. Unpublished operating expenses, vacancy and insurance costs could make the gross-yield screen inadequate for cash-flow underwriting.
  3. County-level climate loss evidence may not reflect a specific parcel’s flood exposure or insurance availability.
Underwriting questions

Before pricing a property

Is the published gross yield a net return after operating costs?

No. It is a gross yield based on measured market rent and price before costs; net operating income and cap rate cannot be derived from the supplied record.

Can HUD Fair Market Rent be used as Benton County’s asking-rent estimate?

No. The supplied HUD FMR is a payment standard and is explicitly separate from Zillow’s measured median asking rent.

Can the county climate-loss ratio price flood risk for an individual property?

No. Parcel flood exposure, insurance quotes and property operating history are not published, so site-level hazard underwriting remains unresolved.