Pe Ell, a small town in Washington state known for its picturesque rural setting, has experienced notable shifts in homeownership rates and housing prices over the past decade. The community has maintained a consistently high rate of owner-occupied housing, while average home prices and average rent have shown significant fluctuations. Homeownership in Pe Ell has remained robust, with a slight upward trend from 2013 to 2022. In 2013, the owner-occupied rate was 77%, which increased to 80% by 2022. This rise in homeownership coincided with a substantial increase in average home prices. In 2013, the average home price in Pe Ell was $98,872. By 2022, this figure had more than tripled to $330,447, representing a 234% increase over nine years. This trend suggests that despite rising prices, residents of Pe Ell have continued to prioritize homeownership.

The relationship between federal interest rates and homeownership rates in Pe Ell shows an interesting pattern. From 2013 to 2016, when interest rates were extremely low (ranging from 0.11% to 0.40%), homeownership rates remained stable at around 77%. As interest rates began to rise more significantly from 2017 (1%) to 2019 (2.16%), homeownership actually increased slightly to 79%. This trend continued into 2022, with homeownership reaching 80% despite a federal interest rate of 1.68%, suggesting that other local factors may have a stronger influence on homeownership in Pe Ell than national interest rates.

The renter percentage in Pe Ell has shown a slight decrease, from 23% in 2013 to 20% in 2022. During this period, average rent prices experienced considerable fluctuations. In 2013, the average rent was $733, which increased to a peak of $1,014 in 2018 before settling at $899 in 2022. This represents a 22.6% increase in average rent over nine years. The town's population has remained relatively stable during this period, fluctuating between 2,000 and 2,300 residents, which may have contributed to the moderate changes in rental demand and prices.