HousingHandbookReference data

U.S. ZIP Code · WA98816

Chelan County · Wenatchee-East Wenatchee, WA

Typical home value

$495,545[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-5.1%
5-year / yr
+0.8%
10-year / yr
+3.5%

Relative price

vs U.S.
+74.4%
vs metro
≈ metro median
vs state
-1.5%
ZIP 98816 location in WA
Location of ZIP 98816 in WA

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 98816 is worth $495,545. Over the past year, values have fallen 5.1%. The effective property tax rate is 0.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.6%[3]
Typical annual tax
$2,742[3]

#Climate risk

FEMA National Risk Index ratings for Chelan County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Moderate[4]
Riverine flood
Relatively Moderate
Coastal flood
Not Applicable
Wildfire
Relatively High
Drought
Very Low
Heat wave
Relatively Low
Hurricane
Not Applicable
Tornado
Very Low
Earthquake
Relatively Low
Winter weather
Relatively Moderate

#Who lives here

Population
7,752[3]
Median household income
$82,577[3]

#Migration

Household moves in and out of Chelan County over a year, from IRS tax-return data.

Net migration
+60[5]
Moved in
2,553
Moved out
2,493

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
6
Elementary
1
Middle
1
High
2
  • Morgen Owings Elementary School

    Elementary · Grades K–5 · Lake Chelan School District

    474 students

  • Chelan High School

    High · Grades 9–12 · Lake Chelan School District

    442 students

  • Chelan Middle School

    Middle · Grades 6–8 · Lake Chelan School District

    301 students

  • Lake Chelan Preschool

    Prekindergarten · Grades PK · Lake Chelan School District

    52 students

  • Chelan School of Innovation

    High · Grades 9–12 · Lake Chelan School District

    30 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$2,506
Loan principal$396,436
Down payment$99,109
Total interest paid$505,632

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$3,146
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
0th percentile[1]
Rental yield
[2]
Property tax
13th percentile[3]

Frequently asked

How much is a home worth in ZIP code 98816?
The typical home in 98816 is worth $495,545, based on the Zillow Home Value Index.
Are home values rising in 98816?
Home values in 98816 are down 5.1% over the past year, and up 0.8% a year over five years.
What is the property tax rate in 98816?
The effective property tax rate in 98816 is 0.6% — roughly $2,742 a year on a typical home.
Who lives in 98816?
ZIP code 98816 has a population of 7,752 and a median household income of $82,577.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Wenatchee, WA

    Typical home
    $495,359
    Gross yield
    4.2%
  • WA

    Typical home
    $500,161
    Gross yield
  • Entiat, WA

    Typical home
    $479,627
    Gross yield
  • East Wenatchee, WA

    Typical home
    $513,350
    Gross yield
    5.2%
  • WA

    Typical home
    $525,987
    Gross yield
  • Cashmere, WA

    Typical home
    $544,018
    Gross yield

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