Bainbridge Island appreciation rates and housing market information

Bainbridge Island housing market information

With a population of 20,308, 8,500 total housing units (homes and apartments), and a median house value of $717,867, Bainbridge Island house prices are not only among the most expensive in Washington, Bainbridge Island real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Bainbridge Island, accounting for 80.42% of the city's housing units. Other types of housing that are prevalent in Bainbridge Island include large apartment complexes or high rise apartments (10.59%), row houses and other attached homes (3.33%), mobile homes or trailers (2.71%), and a few duplexes, homes converted to apartments, or other small apartment buildings (2.41%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Bainbridge Island. Owner-occupied housing accounts for 73.41% of Bainbridge Island's homes, and 61.47% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Bainbridge Island built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Bainbridge Island built from 1940-1969 (20.32%). A lesser amount of the housing stock also hails from 1995 and later (14.52%), and some were built from 1939 and earlier (14.52%).

Bainbridge Island home appreciation rates

In the last 10 years, Bainbridge Island has experienced some of the highest home appreciation rates of any community in the nation. Bainbridge Island real estate appreciated 119.69% over the last ten years, which is an average annual home appreciation rate of 11.96%, putting Bainbridge Island in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bainbridge Island definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Bainbridge Island appreciation rates have trailed the rest of the nation. In the last twelve months, Bainbridge Island's appreciation rate has been -4.89%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bainbridge Island were at -0.42%, which equates to an annual appreciation rate of -1.68%.

Notably, Bainbridge Island's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Washington, our data show that Bainbridge Island's latest annual appreciation rate is higher than 26% of the other cities and towns in Washington.