Soap Lake, WA housing market
The typical Soap Lake home is worth about $300,000, about the same as a year ago, 49% below the Washington typical home.
Home values, sales, trends and how Soap Lake compares with the towns next door — updated as new data is published.
Soap Lake 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 | Soap Lake | Washington |
|---|---|---|
| 2017 | $149,000 | $326,000 |
| 2018 | $156,000 | $362,000 |
| 2019 | $176,000 | $390,000 |
| 2020 | $195,000 | $413,000 |
| 2021 | $229,000 | $471,000 |
| 2022 | $280,000 | $554,000 |
| 2023 | $296,000 | $572,000 |
| 2024 | $304,000 | $582,000 |
| 2025 | $308,000 | $605,000 |
| 2026 | $302,000 | $601,000 |
| August 2026 | $300,000 | $592,000 |
22 new homes permitted in 2025
Builders were permitted 22 new homes in Soap Lake in 2025, all single-family houses, worth about $6 million to build. That's 15 per 1,000 residents, faster than across Washington (4.6). Over the past 10 years, Soap Lake has permitted 141 homes in all.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 15 | 15 | 0 | $4.1 million |
| 2025 | 22 | 22 | 0 | $6 million |
| 2024 | 31 | 31 | 0 | $7.6 million |
| 2023 | 29 | 23 | 6 | $5.9 million |
| 2022 | 16 | 16 | 0 | $3.3 million |
| 2021 | 9 | 9 | 0 | $1.4 million |
| 2020 | 7 | 7 | 0 | $1.1 million |
| 2019 | 6 | 6 | 0 | $958,000 |
| 2018 | 6 | 6 | 0 | $1.1 million |
| 2017 | 8 | 4 | 4 | $852,000 |
| 2016 | 7 | 3 | 4 | $695,000 |
| 2015 | 3 | 3 | 0 | $350,000 |
| 2014 | 2 | 2 | 0 | $259,000 |
| 2013 | 2 | 2 | 0 | $259,000 |
| 2012 | 4 | 4 | 0 | $458,000 |
| 2011 | 1 | 1 | 0 | $105,000 |
Soap Lake's permit office reported 6 of 12 months in 2025; the Census estimated the rest.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Soap Lake and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Soap Lake | $300K | +0.2% | $1,060 | 22 | $48,125 |
| Lakeview | — | −8.4%† | $1,060 | — | $45,787 |
† FHFA price index change, where Zillow has no home value for the town.
6.2 years of income
The typical Soap Lake home costs about 6.2 years of the town's median household income, about the same as across Washington (6).
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 Soap Lake is $1,060 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Soap Lake pay a median of $599, so moving in tends to cost more than staying put. A two-bedroom takes about 26% of the town's median household income.
Studio $820 · 4 bedrooms $1,780
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (98851; Grant 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.
Recent listings in Soap Lake
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.