The story of this market
The typical home in ZIP 98840 sells for about $259,950, or $188 per square foot.
Prices are down 12.96% from a year ago, which gives buyers more room to negotiate. Homes take about 127 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,250 a month.
ZIP 98840 — Okanogan
The 98840 housing market is currently experiencing a price correction, with the median home price declining by approximately 13% over the past year. Market activity remains modest with limited inventory, reflecting a stable but cautious environment for buyers and sellers. The data indicates a reliance on local employment and a lack of significant new development, keeping the market relatively quiet.
This ZIP is best suited for local workers, retirees, and those seeking an affordable, rural lifestyle in the Okanogan Valley.
Median prices moved down 13.0% year over year.
Homes spend a median of 127 days on market with 4.6 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.8% · poverty 17.5% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 98840, Okanogan County WA
Schools in the area are primarily served by the Okanogan School District, which provides standard public education for the rural community.
The region faces seasonal wildfire risks common to North Central Washington, necessitating standard fire-safety and insurance considerations.
Economic momentum is driven by local agriculture, government services, and small-scale retail, with limited large-scale industrial development.
Property taxes are assessed by Okanogan County based on local millage rates; no specific special district exemptions are published for this ZIP.
Commuting is primarily car-dependent, with residents traveling to nearby Omak or Okanogan for employment and services.
The area offers access to the Okanogan River, local parks, and outdoor recreational activities including hiking and fishing in the surrounding valley.
The rental market is characterized by limited inventory and steady demand from local workers, with few short-term rental pressures reported.
The economy is anchored by agriculture, local government, and healthcare services in the Omak-Okanogan area.
Transportation is dominated by private vehicle use along US-97, with minimal public transit infrastructure.
Development is primarily focused on small-scale residential and agricultural improvements.
Okanogan County Assessor manages property valuations based on annual market analysis.
Parcels are subject to Okanogan School District and local fire district levies.
Insurance premiums are influenced by regional wildfire risk and rural location factors.
Washington is a non-judicial foreclosure state with specific notice requirements.
Sellers are required to provide a standard real estate transfer disclosure statement.
Data retrieved from US Census Bureau ACS 2024 5-year estimates for ZCTA 98840.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
Provides fishing and recreational access.
Local course serving the community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.