Cle Elum appreciation rates and housing market information

Cle Elum housing market information

With 4,687 people, 6,328 houses or apartments, and a median cost of homes of $317,609, real estate costs in Cle Elum are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Washington communities.

single-family detached homes are the single most common housing type in Cle Elum, accounting for 76.42% of the town's housing units. Other types of housing that are prevalent in Cle Elum include mobile homes or trailers (12.44%), large apartment complexes or high rise apartments (5.86%), row houses and other attached homes (1.12%), and a few duplexes, homes converted to apartments, or other small apartment buildings (0.98%).

Dwellings in Cle Elum tend to be quite small (one, two, or no bedrooms) and owner-occupied. In fact, 56.74% of the homes in Cle Elum have two or fewer bedrooms.

There is a lot of housing in Cle Elum 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 Cle Elum built from 1939 and earlier (23.56%). A lesser amount of the housing stock also hails from 1940-1969 (20.34%), and some were built from 1995 and later (20.34%).

Cle Elum home appreciation rates

In the last 10 years, Cle Elum has experienced some of the highest home appreciation rates of any community in the nation. Cle Elum real estate appreciated 187.83% over the last ten years, which is an average annual home appreciation rate of 18.78%, putting Cle Elum in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Cle Elum definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Cle Elum that despite a nationwide downturn in the housing market, Cle Elum real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cle Elum appreciation rates continue to be some of the highest in America, at 7.44%, which is higher than appreciation rates in 97% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cle Elum. Cle Elum appreciation rates in the latest quarter were at 1.07%, which equates to an annual appreciation rate of 4.28%.

Relative to Washington, our data show that Cle Elum's latest annual appreciation rate is higher than 97% of the other cities and towns in Washington.