Vancouver appreciation rates and housing market information

Vancouver housing market information

With 143,226 people, 60,054 houses or apartments, and a median cost of homes of $285,763, Vancouver real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Vancouver, accounting for 55.58% of the city's housing units. Other types of housing that are prevalent in Vancouver include large apartment complexes or high rise apartments (24.86%), duplexes, homes converted to apartments, or other small apartment buildings (12.09%), row houses and other attached homes (4.82%), and a few mobile homes or trailers (2.57%).

The most prevalent building size and type in Vancouver are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 50.12% owning, and 44.20% renting.

There is a lot of housing in Vancouver 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 Vancouver built from 1940-1969 (24.37%). A lesser amount of the housing stock also hails from 1995 and later (17.68%), and some were built from 1939 and earlier (17.68%).

Vancouver home appreciation rates

In the last 10 years, Vancouver has experienced some of the highest home appreciation rates of any community in the nation. Vancouver real estate appreciated 106.99% over the last ten years, which is an average annual home appreciation rate of 10.69%, putting Vancouver in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Vancouver 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, Vancouver appreciation rates have trailed the rest of the nation. In the last twelve months, Vancouver's appreciation rate has been -2.95%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Vancouver were at -0.32%, which equates to an annual appreciation rate of -1.28%.

Relative to Washington, our data show that Vancouver's latest annual appreciation rate is higher than 35% 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 Vancouver differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Vancouver - 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 Vancouver real estate investment or home purchase decisions.