Everett appreciation rates and housing market information

Everett housing market information

With 91,290 people, 38,580 houses or apartments, and a median cost of homes of $334,489, real estate costs in Everett 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 Everett, accounting for 44.53% of the city's housing units. Other types of housing that are prevalent in Everett include large apartment complexes or high rise apartments (35.97%), duplexes, homes converted to apartments, or other small apartment buildings (12.64%), row houses and other attached homes (3.70%), and a few mobile homes or trailers (3.07%).

People in Everett primarily live in small (one, two, or no bedroom) single-family detached homes. Everett has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Everett 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 Everett built from 1940-1969 (27.21%). A lesser amount of the housing stock also hails from 1939 and earlier (18.59%), and some were built from 1995 and later (18.59%).

Everett home appreciation rates

Appreciation rates for homes in Everett have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 101.56%, which ranks in the top 20% nationwide. This equates to an annual average Everett house appreciation rate of 10.15%.

Over the last year, Everett appreciation rates have trailed the rest of the nation. In the last twelve months, Everett's appreciation rate has been -5.95%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Everett were at -1.60%, which equates to an annual appreciation rate of -6.40%.

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

Relative to Washington, our data show that Everett's latest annual appreciation rate is higher than 22% of the other cities and towns in Washington.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Everett differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Everett - 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 Everett real estate investment or home purchase decisions.