Aberdeen, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Aberdeen, WA Real Estate Data


Aberdeen Housing Market Information

With 16,276 people, 6,074 houses or apartments, and a median cost of homes of $140,457, house prices in Aberdeen are solidly below the national average.

Single-family detached homes are the single most common housing type in Aberdeen, accounting for 68.18% of the city's housing units. Other types of housing that are prevalent in Aberdeen include large apartment complexes or high rise apartments ( 14.32%), duplexes, homes converted to apartments or other small apartment buildings ( 10.49%), and a few mobile homes or trailers ( 4.68%).

The most prevalent building size and type in Aberdeen are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.12% owning and 46.88% renting.

The housing in Aberdeen was primarily built before 1939 ( 42.67%), making the housing stock in Aberdeen some of the oldest overall in America, although there is a range of ages of homes in Aberdeen. The next most important housing age is between 1940-1969 ( 32.00%), followed by between 1970-1999 ( 22.44%). There's also some housing in Aberdeen built between 2000 and later ( 2.89%).

Vacant housing appears to be an issue in Aberdeen. Fully 15.17% of the housing stock is classified as vacant. Left unchecked, vacant Aberdeen homes and apartments can be a drag on the real estate market, holding Aberdeen real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Aberdeen Home Appreciation Rates

Aberdeen's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Aberdeen during the period has been just -1.49%, which is lower than 80% of US communities.

Appreciation rates are so strong in Aberdeen that despite a nationwide downturn in the housing market, Aberdeen real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Aberdeen appreciation rates continue to be some of the highest in America, at 6.75%, which is higher than appreciation rates in 82.42% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Aberdeen. Aberdeen appreciation rates in the latest quarter were at 1.84%, which equates to an annual appreciation rate of 7.57%.

Relative to Washington, our data show that Aberdeen's latest annual appreciation rate is lower than 70% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$140,457

Aberdeen, WA HOME PRICES

Value Range
> $1,070,000 0.0
$803,001 - $1,070,000 0.0
$535,001 - $803,000 3.3
$428,001 - $535,000 0.8
$321,001 - $428,000 3.0
$214,001 - $321,000 15.8
$107,001 - $214,000 40.5
$54,001 - $107,000 26.3
$0 - $54,000 10.5

Very Low for WA
Average for Nation

Value Relative to Nation Value Relative to State
55.5132634537682 92.5531914893617

Number Of Homes And Apartments:
6,074

Rent & Ownership

 

Average Market Rent:
$969 / per month

Homeownership Rate

Homeownership
Owners 53.12
Renters 46.88
Vacant 15.17

Housing Market Details

 

Age of Homes

AGE OF Aberdeen HOMES
2000 or Newer 2.9
1970 - 1999 22.4
1940 - 1969 32.0
1939 or Older 42.7

Types of Homes

TYPE OF Aberdeen HOMES
Single-Family 68.2
Townhomes 1.9
Small Apt. Buildings 10.5
Apt. Complexes 14.3
Mobile Homes 4.7
Other 0.4

Home Size

SIZE OF Aberdeen HOMES
No Bedroom 3.60
1 Bedroom 12.42
2 Bedrooms 31.68
3 Bedrooms 36.26
4 Bedrooms 11.94
5 or more bedrooms 4.11

Aberdeen Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
30.58% 1.58% 1 3
* 10 is highest

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Zip Codes in Aberdeen, WA