menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Omak, WA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Omak, WA Housing Market Trends

With a population of 4,933, 1,832 total housing units (homes and apartments), and a median house value of $387,229, Omak real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Omak, accounting for 70.19% of the city's housing units. Other types of housing that are prevalent in Omak include large apartment complexes or high rise apartments ( 14.77%), mobile homes or trailers ( 10.04%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.14%).

The most prevalent building size and type in Omak are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.53% owning and 36.47% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Omak's housing was primarily built during this period, from the '40s through the '60s. A full 37.06% of the city's housing hails from this era. Other housing ages represented in Omak include homes built between 1970-1999 ( 34.08%) and housing constructed between 2000 and later ( 16.21%). There's also some housing in Omak built before 1939 ( 12.65%).

Vacant housing appears to be an issue in Omak. Fully 17.51% of the housing stock is classified as vacant. Left unchecked, vacant Omak homes and apartments can be a drag on the real estate market, holding Omak real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Omak Home Appreciation Rates

Appreciation rates for homes in Omak have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 95.37%, which ranks in the top 50% nationwide. This equates to an annual average Omak house appreciation rate of 6.93%.

Over the last year, Omak appreciation rates have trailed the rest of the nation. In the last twelve months, Omak's appreciation rate has been 0.32%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Omak were at 0.16%, which equates to an annual appreciation rate of 0.63%.

Notably, Omak's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Washington, our data show that Omak's latest annual appreciation rate is lower than 70% of the other cities and towns in Washington.

Average Home Values

Median Home Value

$387,229

Omak, WA Home Prices
> $1,360,000
$1,020,001 - $1,360,000
$680,001 - $1,020,000
$544,001 - $680,000
$408,001 - $544,000
$272,001 - $408,000
$136,001 - $272,000
$68,001 - $136,000
$0 - $68,000
2.5%
2.5%
0.0%
0.0%
5.8%
5.8%
11.8%
11.8%
21.1%
21.1%
21.7%
21.7%
21.6%
21.6%
9.7%
9.7%
5.7%
5.7%
0% 100.0%
% of Homes
Low

for Washington

High

for nation

Number of Homes And Apartments:

1,832

Omak Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,283 / per month

Homeownership Rate

Owners
Renters
63.5%
63.5%
36.5%
36.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
17.5%
17.5%
82.5%
82.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
16.2%
16.2%
34.1%
34.1%
37.1%
37.1%
12.7%
12.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
70.2%
70.2%
0.0%
0.0%
4.1%
4.1%
14.8%
14.8%
10.0%
10.0%
0.9%
0.9%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.8%
3.8%
7.1%
7.1%
29.0%
29.0%
27.1%
27.1%
30.5%
30.5%
2.5%
2.5%
0% 100.0%
% of Homes

Popular Neighborhoods in Omak

Popular Communities Near Omak, WA

Zip Codes in Omak, WA