Three Rivers Ranch
Property Status: Pending
Lots: 140 Lots
Three Rivers Ranch is a 23.4 acre Planned Residential Development within the R-4 Zoning District providing for 140 single family homesites. The development will be constructed in two phases of 79 and 61 homesites. Subdivision improvements will include mass grading, public roads, water, sewer, irrigation, and the extension of communication and power infrastructure. The project also includes extending existing City of Pasco public streets along the property’s frontage, specifically Burns Road and Three Rivers Drive. Additionally, two public pedestrian pathways are proposed to enhance walkability within the residential blocks.
Pasco leads the Tri-Cities in housing growth, driven by sustained in-migration, affordability, and family-oriented demographics. New home absorption remains among the strongest in Eastern Washington, with well-qualified buyers seeking modern single-family product. Median new home prices have steadily appreciated while maintaining a significant affordability advantage versus the Puget Sound region. Builders benefit from broad buyer diversity—first-time buyers, move-up families, and relocation professionals tied to regional employment centers.
The Tri-Cities (Pasco, Richland, Kennewick) represent one of Washington’s fastest-growing regional economies, with a labor force exceeding 150,000. Growth is anchored by science, energy, agriculture, logistics, and healthcare, supported by new companies entering the market and expanding employment bases. Amazon, Darigold, Reser’s Fine Foods, Energy Northwest, and Lamb Weston contribute to expanding industrial and commercial footprints. Median household incomes exceed $85,000, with strong dual-income households fueling new home absorption. Nearly 60% of new homebuyers are under age 45, signaling long-term sustainability for detached housing demand. Increasing in-migration from Western Washington and Oregon highlights Pasco’s affordability and family appeal.
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