Anacortes WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Anacortes, WA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Anacortes Housing Market Information

With 17,283 people, 7,332 houses or apartments, and a median cost of homes of $505,001, Anacortes house prices are not only among the most expensive in Washington, Anacortes 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 Anacortes, accounting for 76.36% of the city's housing units. Other types of housing that are prevalent in Anacortes include large apartment complexes or high rise apartments ( 10.59%), duplexes, homes converted to apartments or other small apartment buildings ( 6.79%), and a few row houses and other attached homes ( 3.91%).

The most prevalent building size and type in Anacortes are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.65% owning and 35.35% renting.

There is a lot of housing in Anacortes built from 1970 to 1999 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 Anacortes built between 2000 and later ( 20.08%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.04%). There's also some housing in Anacortes built before 1939 ( 14.88%).

Anacortes Home Appreciation Rates

In the last 10 years, Anacortes has experienced some of the highest home appreciation rates of any community in the nation. Anacortes real estate appreciated 55.59% over the last ten years, which is an average annual home appreciation rate of 4.52%, putting Anacortes in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Anacortes definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Anacortes's appreciation rate, at 4.88%, has been at or slightly above the national average. In the latest quarter, Anacortes's appreciation rate has been 2.41%, which annualizes to a rate of 10.00%.

Importantly, this makes Anacortes one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Washington, our data show that Anacortes's latest annual appreciation rate is lower than 60% 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 Anacortes differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Anacortes - 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 2000, to assist you in making the best Anacortes real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$505,001

Anacortes, WA HOME PRICES

Value Range
> $1,325,000 3.8
$994,001 - $1,325,000 5.5
$663,001 - $994,000 16.3
$530,001 - $663,000 16.4
$398,001 - $530,000 26.1
$265,001 - $398,000 23.8
$133,001 - $265,000 6.0
$66,001 - $133,000 0.7
$0 - $66,000 1.5

Very High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
7.62043795620438 15.1943462897527

Number Of Homes And Apartments:
7,332

Anacortes Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
128.07% 4.10%
7
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,821 / per month

Homeownership Rate

Homeownership
Owners 64.65
Renters 35.35
Vacant 8.62

Housing Market Details

 

Age of Homes

AGE OF Anacortes HOMES
2000 or Newer 20.1
1970 - 1999 48.0
1940 - 1969 17.0
1939 or Older 14.9

Types of Homes

TYPE OF Anacortes HOMES
Single-Family 76.4
Townhomes 3.9
Small Apt. Buildings 6.8
Apt. Complexes 10.6
Mobile Homes 2.3
Other 0.1

Home Size

SIZE OF Anacortes HOMES
No Bedroom 2.18
1 Bedroom 8.05
2 Bedrooms 23.18
3 Bedrooms 46.61
4 Bedrooms 17.30
5 or more bedrooms 2.68