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Chelan city, WA

ZIP 98816 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 98816

Median Home Value
$450,500
Median Rent
$1,203
Affordability Snapshot
$124,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,894/mo PITI).

20%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

6.1x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

31.2 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 98816 in Chelan city, WA, a household would need roughly $124,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,894. That is about 68% above the local median household income ($73,807), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 42% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
63.9%-2% vs US avg
x
Vacancy Rate
42.2%+310% vs US avg
x
Broadband Access
88.3%+1% vs US avg
x
4+ Bedrooms
2.5%-83% vs US avg
x
Built Pre-1939
6.2%-52% vs US avg
x
Built Post-2014
0.6%-91% vs US avg
x
Rent Burden >30%
6.8%-86% vs US avg
x
Mortgage-Free
54.3%+42% vs US avg
x
$450,500
Home Value
$1,203
Rent
1988
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached64.3%
  • 1-unit attached1.4%
  • 2-9 units11.4%
  • 10+ units9.2%
  • Mobile home & other13.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$450,500
Median rent$1,203
Owner-occupied63.9%
Vacant42.2%
Price-to-income6.1x
Est. income to buy$124,000