Market Overview
Home Prices in Soap Lake, WA
The median home value in Soap Lake, WA is $306,675 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.2% compared to a year ago and down 2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Soap Lake are priced25% below average. Soap Lake is part of the Moses Lake, WA metro area.
Over the past five years, Soap Lake home values have risen by approximately18.8%, reflecting steady appreciation in this market.
Price History
Soap Lake Home Price Trend
City Comparison
Soap Lake vs. National Median
At $306,675, homes in Soap Lake cost 25% below the national median of $410,000. This makes Soap Lake a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Soap Lake?
20% Down Payment
$61,335
on $306,675
Monthly P&I
$1,599/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,031/mo
incl. taxes & insurance
Income Needed
$81,240
gross annual (30% rule)
10% Down Option
$30,668
+ PMI applies
Loan Amount (20% dn)
$245,340
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Soap Lake, WA?
The median home value in Soap Lake is $306,675 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.2% year-over-year.
How much have home prices changed in Soap Lake?
Over the past year, home values in Soap Lake have increased by 0.2%. Over five years, prices have risen approximately 18.8%.
How much do I need to earn to buy a home in Soap Lake?
To comfortably afford the median home price of $306,675 with a 20% down payment ($61,335) at today's rates (6.8%), you'd need a gross annual income of approximately $81,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Soap Lake compare to the national average home price?
The national median home value is approximately $410,000. At $306,675, homes in Soap Lake are 25% below the national average.
What metro area is Soap Lake part of?
Soap Lake is part of the Moses Lake, WA metropolitan area. Home prices and market conditions can vary across the broader metro region.