Is Ellensburg, WA a good place to invest in rental property?

Ellensburg, WA has a median modeled monthly cash flow of $-1,575 and a median cap rate of 2.2%, on a median sold price of $438,500. Prices changed +1.1% year over year.

What is the average cap rate in Ellensburg, WA?

The median cap rate across recently sold homes in Ellensburg, WA is 2.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Ellensburg, WA?

The median sold price in Ellensburg, WA is $438,500 (about $266 per square foot).

Investing in Ellensburg, WA Real Estate

A data-driven snapshot of the Ellensburg, WA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$438,500Median sold price

$266Median $/sqft

2.2%Median cap rate

$-1,575Modeled cash flow / mo

+1.1%Appreciation YoY

7.5Months of supply

278Active listings

444Sold (last 12 mo)

What the Ellensburg numbers say

In Ellensburg, WA, the median home sold for $438,500 (about $266 per square foot), and the typical deal models out to a 2.2% cap rate with a median $-1,575 of monthly cash flow. Sold prices moved +1.1% over the past year. Inventory sits at about 7.5 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Washington markets to compare

See Ellensburg cash-flowing listings

CashFlowRE ranks every for-sale home in Ellensburg, WA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Ellensburg deals, or browse the national market data.