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Ellensburg, WA | City Real Estate Market Analysis

Ellensburg, Kittitas County, Washington
City Analysis Real Estate Market WA Kittitas County
Ellensburg
Market Insight

Ellensburg, WA Investment Potential Analysis

Market analysis for Ellensburg, WA will appear here once data is available. This section will surface investment opportunities, risk assessments, neighbourhood trends, and local real estate insights specific to this market.

Avg. Home Value
🏠 Median residential property value in Ellensburg.
1.01%
Property Tax Rate
🏛️ Effective property tax rate for this market.
$27,474
Avg. Household Income
💵 Average annual household income in the area.
18,312
Population
👥 Total city population estimate.
Unemployment Rate
📊 Local unemployment vs. national benchmark.

Ellensburg, WA Real Estate Market Property Overview

  • Real estate market overview for Ellensburg, WA, Kittitas County
  • Population of 18,312
  • Average household income of $27,474
  • Property tax rate of 1.01%
  • Median resident age of 23.70

Property Details

City Ellensburg State Washington
County Kittitas Country USA
Population 18,312 Median Age 23.70
Avg. Household Income $27,474 Median Home Value N/A
Unemployment Rate N/A Property Tax Rate 1.01%
Top Industries N/A Economic Overview N/A
Coordinates 46.9999, -120.5475 Properties Listed 0

Model investment returns using Ellensburg, WA market data as defaults

25%
5.0%
30 years
1.01%
5 years
3.0%
Down Payment Amount:$125,000
Loan Amount:$375,000
Monthly Mortgage:$2,012
Monthly Tax:$490
Total Monthly Payment:$2,502
Monthly Cash Flow:$581
Cash on Cash Return:5.6%
Cap Rate:5.0%
Debt Coverage Ratio:1.23x
IRR (5 years):8.4%
Projected Property Value:$579,637
Total Equity:$234,891
📊Monthly Payment Analysis

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💵Cash on Cash Return

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🚀Internal Rate of Return

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🏛️Property Tax Analysis

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* Calculations use Ellensburg, WA median home value as the default purchase price. All figures are estimates only. Consult financial and legal professionals before investing.

Capital Allocation Comparison

Direct ownership vs. passive CRE platform exposure

Compare the same starting capital across two allocation paths: direct property ownership with operational responsibility, debt exposure, and single-asset concentration, versus a professionally managed REI Capital platform strategy built around institutional underwriting and a 9% target annual growth projection.

Direct Property Ownership
  • Concentrated exposure to one property and market
  • Debt service, refinancing, and rate sensitivity
  • Active leasing, vendor, and asset oversight
  • Vacancy, capex, and maintenance obligations
  • Illiquid exit process with timing risk
  • Transaction costs can compress realized returns
Projected direct ownership outcome Calculating…
VS
REI Capital Platform Exposure
  • Passive exposure without direct operator liability
  • Institutional underwriting and acquisition discipline
  • Professional asset management and reporting
  • Strategy designed to reduce single-asset concentration
  • 9% annual target growth projection for comparison
  • Curated deal flow with a passive capital framework
Projected platform exposure at 9% target Calculating…
Projected difference

Calculating the comparison…

* REI Capital Growth uses a 9% target annual growth projection for comparison only. Returns are not guaranteed and actual results may vary. Consult a financial professional before making investment decisions.

Who This Is Designed For

Built for investors evaluating passive commercial real estate exposure

REI Capital is positioned for investors who want institutional-quality underwriting, disciplined capital deployment, and real estate exposure without managing the asset directly.

Accredited Investors

Deploy capital into a professionally managed real estate strategy without taking on daily operator responsibilities.

Family Offices

Evaluate long-duration CRE exposure with an emphasis on underwriting discipline and capital preservation.

1031 Exchange Buyers

Compare direct replacement ownership against passive alternatives with reduced operational complexity.

High-Income Professionals

Access commercial real estate exposure while preserving time, focus, and liquidity for core priorities.

Where Your NOI Goes Each Month

* Distribution based on current inputs. Actual expenses may vary.

ROI Over Time: Direct Ownership vs REI Capital

* Property return uses a conservative 3.8%–4.2% annual capital appreciation assumption. REI Capital uses a 9% target projection. Returns are not guaranteed.

Deployment Scenario Analysis

Your Down Payment: Direct Ownership vs REI Capital Platform Exposure

Same starting capital. Compare a direct ownership path against passive capital deployment through REI Capital.

Direct ownership (3.8%–4.2% appreciation) REI Capital (9% target)

* "Direct ownership" shows the same down payment growing at the selected 3.8%–4.2% annual capital appreciation rate. "REI Capital" shows the same down payment growing at 9% annual target. Returns are not guaranteed.

Allocation Rationale

Why sophisticated investors choose passive CRE exposure

Direct ownership can be powerful, but it also concentrates capital, time, and execution risk into one asset. Passive CRE exposure helps investors participate in professionally managed real estate strategies while reducing the operational burden of owning the property themselves.

  • Professional underwriting before capital deployment
  • Reduced exposure to single-asset operational demands
  • Access to institutional sourcing and asset management
  • Passive framework built for long-term capital strategy
  • Clearer comparison against direct ownership costs
  • Time-efficient exposure for qualified investors
Investor Materials

A more efficient way to deploy capital

The analysis above is only the starting point. Review the REI Capital investment materials to understand the acquisition strategy, underwriting framework, risk controls, and investor onboarding process behind the 9% target projection.

  • Acquisition strategy & deal flow
  • Underwriting and risk framework
  • Platform team and execution process
  • Investor qualification and next steps
Access Investment Materials

For qualified investors · Private overview · PDF access

Investment Due Diligence For Ellensburg, WA Income Property

Key questions for informed investment decisions

What's the overall investment potential of Ellensburg, WA, considering its demographics and economy? +
Ellensburg's relatively high poverty rate of 30.3% and low median household income of $27,474 may raise concerns, but its high health insurance coverage of 91.3% and short average commute time of 16 minutes suggest a stable workforce, which could be attractive for investors looking for a working-class market with solid infrastructure.
How does the city's ethnic diversity and industry landscape impact real estate demand? +
The city's diverse population, with top ethnicities including White, White Non-Hispanic, and Hispanic, combined with its strong industries in Wholesale Trade, Finance & Insurance, and Manufacturing, indicates a potential for steady demand in the rental market, particularly with a relatively low homeownership rate of 33.5%.
What are the implications of Ellensburg's income inequality and poverty rate on tenant quality? +
The city's income inequality, as indicated by a GINI coefficient of 0.502, and poverty rate of 30.3%, may pose challenges for investors, but the high health insurance coverage of 91.3% and low average commute time of 16 minutes suggest that many residents are employed and have access to healthcare, which could contribute to a more stable tenant base.
How do the city's housing market and quality of life factors influence its attractiveness to investors? +
Ellensburg's median property value of $199,300 and median property taxes of $2,200, combined with its high health insurance coverage and short commute times, make it an attractive option for investors seeking a balance between affordability and quality of life for their tenants, particularly in a city with a relatively high percentage of residents who walk or work from home.
What role do the city's education and employment rates play in determining its real estate investment potential? +
The city's high school graduation rate of 92.2% and significant percentage of residents with a Bachelor's degree or higher, along with its employed population of 8,351, suggest a skilled and educated workforce, which, when combined with its top industries and relatively low commute times, indicates a strong potential for real estate investment and development in Ellensburg.
What are some of the best neighborhoods to live in Ellensburg? +
Some of the best neighborhoods to live in Ellensburg include the areas around the Kittitas County Historical Museum, the historic downtown area, and the neighborhoods near the Ellensburg Rodeo. According to reviews and rankings, these areas tend to have lower crime rates and higher quality of life. However, it's worth noting that the quality of neighborhoods can vary greatly within Ellensburg, and it's always a good idea to do your own research and visit the area before making a decision.
What are some fun things to do in Ellensburg? +
There are plenty of fun things to do in Ellensburg, including visiting the Kittitas County Historical Museum, exploring the historic downtown area, and checking out the Iron Horse Brewery. You can also visit the Wild Horse Renewable Energy Center, or take a short walk to the Dick and Jane's Spot. If you're looking for outdoor activities, the Ginkgo Petrified Forest and the Columbia River are just a short drive away.
What is the food scene like in Ellensburg? +
The food scene in Ellensburg is a mix of classic American comfort food and more modern, sophisticated options. Some popular restaurants include the Yellow Church Cafe, which serves up contemporary cuisine in a charming 1920s church, and Daily Bread and Mercantile, which offers freshly baked bread, pastries, and other treats. There are also plenty of great food trucks and casual eateries, like Los Cabos, which serves up delicious Mexican food.
What are the pros and cons of living in Ellensburg? +
One of the pros of living in Ellensburg is its small-town charm and strong sense of community. The city also has a relatively low cost of living and a growing food and drink scene. However, some cons include the limited job opportunities and the fact that the city can feel quite quiet and sleepy at times. Additionally, the quality of neighborhoods can vary greatly, and some areas may have higher crime rates or other issues. Overall, Ellensburg is a great choice for those who value a close-knit community and a relaxed pace of life, but may not be the best fit for those looking for a more urban or fast-paced environment.
Is Ellensburg a good place to live? +
Whether or not Ellensburg is a good place to live depends on your individual preferences and priorities. If you value a small-town atmosphere, a strong sense of community, and a relatively low cost of living, Ellensburg may be a great choice. However, if you're looking for a more urban or fast-paced environment, or if you prioritize job opportunities or cultural amenities, you may want to consider other options. Ultimately, Ellensburg is a unique and charming city that offers a lot to those who are willing to look beyond its surface level and get to know its quirks and charms.

Things Near Ellensburg, WA

Metro Center Station

0.2 miles

Grand Central Market

0.4 miles

About Ellensburg

Ellensburg, WA is a city that tends to attract investors looking for affordable options, with a median household income of $27,474 and a median property value of $199,300. However, the 30.3% poverty rate suggests some risk, and the relatively low homeownership rate of 33.5% may indicate a competitive rental market. On the other hand, the city's diverse economy, with top industries in wholesale trade, finance and insurance, and manufacturing, provides a stable foundation for growth. The population of 18,312 is relatively young, with a median age of 23.7, which could lead to a dynamic and innovative community. The foreign-born rate of 5.4% and ethnic diversity, with 44.0% White, 41.7% White Non-Hispanic, and 5.6% Hispanic, contribute to a unique cultural landscape. Commute times are relatively short, with an average of 16.0 minutes, and 91.3% of residents have health insurance, indicating a decent quality of life. While the poverty rate and income inequality, with a GINI coefficient of 0.502, are concerns, the city's high school graduation rate of 92.2% and bachelor's degree or higher rate of 34.6% suggest a strong foundation for future growth. Overall, Ellensburg presents a mixed bag of opportunities and challenges, requiring careful consideration from investors. The city's strengths in education, diversity, and quality of life are balanced by its weaknesses in poverty and income inequality, making it a complex and intriguing investment opportunity.

Population 18,312
Median Age 23.70
Avg. Household Income $27,474
Investor Materials

Access the REI Capital investment overview

Review the acquisition strategy, underwriting framework, risk considerations, and investor onboarding process in one private PDF.

Access Investment Materials