Palouse, WA housing market
The typical Palouse home is worth about $357,000, up 4.1% in a year, 40% below the Washington typical home.
Home values, sales, trends and how Palouse compares with the towns next door — updated as new data is published.
Palouse at a glance
Only 2 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Palouse | Washington |
|---|---|---|
| 2017 | $204,000 | $326,000 |
| 2018 | $205,000 | $362,000 |
| 2019 | $227,000 | $390,000 |
| 2020 | $241,000 | $413,000 |
| 2021 | $264,000 | $471,000 |
| 2022 | $303,000 | $554,000 |
| 2023 | $327,000 | $572,000 |
| 2024 | $332,000 | $582,000 |
| 2025 | $344,000 | $605,000 |
| 2026 | $345,000 | $601,000 |
| August 2026 | $357,000 | $592,000 |
1 new home permitted in 2025
Builders were permitted 1 new home in Palouse in 2025. That's 0.9 per 1,000 residents, slower than across Washington (4.6). Over the past 10 years, Palouse has permitted 50 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Palouse gained 17 residents while 36 new homes were permitted: about 0.5 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. Across Washington: 2.7 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 2 | 2 | 0 | $208,000 |
| 2025 | 1 | 1 | 0 | $271,000 |
| 2024 | 4 | 4 | 0 | $973,000 |
| 2023 | 6 | 6 | 0 | $1.2 million |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 12 | 12 | 0 | $2.7 million |
| 2020 | 6 | 6 | 0 | $1.1 million |
| 2019 | 4 | 4 | 0 | $993,000 |
| 2018 | 7 | 7 | 0 | $1.2 million |
| 2017 | 8 | 8 | 0 | $1.3 million |
| 2016 | 2 | 2 | 0 | $472,000 |
| 2015 | 7 | 7 | 0 | $921,000 |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 3 | 3 | 0 | $195,000 |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 5 | 5 | 0 | $532,000 |
| 2009 | 3 | 3 | 0 | $416,000 |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 2 | 2 | 0 | $375,000 |
| 2006 | 1 | 1 | 0 | $320,000 |
| 2005 | 2 | 2 | 0 | $264,000 |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 2 | 2 | 0 | $318,000 |
| 2002 | 0 | 0 | 0 | $8,000 |
| 2001 | 0 | 0 | 0 | — |
| 2000 | 2 | 2 | 0 | $209,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
4 years of income
The typical Palouse home costs about 4 years of the town's median household income, less than across Washington (6 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,060
HUD's Fair Market Rent for a two-bedroom in Palouse is $1,060 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Palouse pay a median of $933, so moving in tends to cost more than staying put. A two-bedroom takes about 14% of the town's median household income.
Studio $720 · 4 bedrooms $1,770
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (99161; Whitman County, WA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.