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Chelan Falls

Learn about the people, housing, costs and businesses in Chelan Falls, Washington

Median Home$569,000
Median Rent$1,350/month
Population284
Leading IndustriesInformation & Media · Finance & Insurance · Construction15% information & media
Home Value Growth⬆⬆⬆+33.0% over 2 years
Retirees36% of residentstop 3% nationally
Homeowners73% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableTransit81/100 · excellent transit access
Chelan Falls
WA

Frequently Asked Questions

What are today's mortgage rates in Chelan Falls?

As of today, the 30-year fixed mortgage rate for Chelan Falls is approximately 6.852% (6.887% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Chelan Falls
What is the median home price in Chelan Falls?

The median home value in Chelan Falls is $569k. The median monthly rent is $1,350. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Chelan Falls?

Home values in Chelan Falls have increased 33.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Chelan Falls?

Based on a typical all-in ownership cost of $1,271/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $54k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Chelan Falls is $75k/year.

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What industries drive the economy in Chelan Falls?

The largest employment sectors in Chelan Falls are public administration (21%) and information and media (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.