Lewiston appreciation rates and housing market information

Lewiston housing market information

With 31,047 people, 13,391 houses or apartments, and a median cost of homes of $223,183, Lewiston real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Lewiston, accounting for 66.50% of the city's housing units. Other types of housing that are prevalent in Lewiston include duplexes, homes converted to apartments, or other small apartment buildings (12.19%), large apartment complexes or high rise apartments (9.80%), mobile homes or trailers (7.84%), and a few row houses and other attached homes (3.35%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Lewiston. Owner-occupied housing accounts for 64.24% of Lewiston's homes, and 48.60% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Lewiston's housing was primarily built during this period, from the '40s through the '60s. A full 40.53% of the city's housing hails from this era. Other housing ages represented in Lewiston include homes built between 1970-1994 (35.76%), and housing constructed from 1939 and earlier (16.38%). There's also some housing in Lewiston built between 1995 and later (7.33%).

Lewiston home appreciation rates

Appreciation rates for homes in Lewiston have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 93.90%, which ranks in the top 30% nationwide. This equates to an annual average Lewiston house appreciation rate of 9.39%.

Appreciation rates are so strong in Lewiston that despite a nationwide downturn in the housing market, Lewiston real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lewiston appreciation rates continue to be some of the highest in America, at 3.05%, which is higher than appreciation rates in 75% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lewiston. Lewiston appreciation rates in the latest quarter were at 0.29%, which equates to an annual appreciation rate of 1.16%.

Relative to Idaho, our data show that Lewiston's latest annual appreciation rate is higher than 84% of the other cities and towns in Idaho.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Lewiston differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lewiston - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Lewiston real estate investment or home purchase decisions.