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 Q1 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Anacortes Housing Market Information

With a population of 16,953, 7,232 total housing units (homes and apartments), and a median house value of $480,654, 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 76.18% of the city's housing units. Other types of housing that are prevalent in Anacortes include large apartment complexes or high rise apartments ( 10.01%), duplexes, homes converted to apartments or other small apartment buildings ( 7.70%), and a few row houses and other attached homes ( 3.86%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Anacortes. Owner-occupied housing accounts for 65.58% of Anacortes's homes, and 63.95% have either three or four bedrooms, which is average sized relative to America.

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 ( 19.02%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.85%). There's also some housing in Anacortes built before 1939 ( 15.48%).

Anacortes Home Appreciation Rates

Appreciation rates for homes in Anacortes have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 26.78%, which ranks in the top 30% nationwide. This equates to an annual average Anacortes house appreciation rate of 2.40%.

Appreciation rates are so strong in Anacortes that despite a nationwide downturn in the housing market, Anacortes real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Anacortes appreciation rates continue to be some of the highest in America, at 7.27%, which is higher than appreciation rates in 77.27% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Anacortes. Anacortes appreciation rates in the latest quarter were at 0.61%, which equates to an annual appreciation rate of 2.48%.

Relative to Washington, our data show that Anacortes's latest annual appreciation rate is lower than 50% 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:
$480,654

Anacortes, WA HOME PRICES

Value Range
> $1,329,000 2.0
$997,001 - $1,329,000 4.3
$664,001 - $997,000 14.8
$531,001 - $664,000 15.7
$398,001 - $531,000 27.2
$266,001 - $398,000 26.7
$133,001 - $266,000 7.0
$67,001 - $133,000 0.9
$0 - $67,000 1.6

Very High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
7.67883211678832 15.547703180212

Number Of Homes And Apartments:
7,232

Anacortes Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
110.56% 3.94%
7
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,490 / per month

Homeownership Rate

Homeownership
Owners 65.58
Renters 34.42
Vacant 8.56

Housing Market Details

 

Age of Homes

AGE OF Anacortes HOMES
2000 or Newer 19.0
1970 - 1999 47.7
1940 - 1969 17.9
1939 or Older 15.5

Types of Homes

TYPE OF Anacortes HOMES
Single-Family 76.2
Townhomes 3.9
Small Apt. Buildings 7.7
Apt. Complexes 10.0
Mobile Homes 2.1
Other 0.1

Home Size

SIZE OF Anacortes HOMES
No Bedroom 2.06
1 Bedroom 8.43
2 Bedrooms 23.00
3 Bedrooms 46.50
4 Bedrooms 17.45
5 or more bedrooms 2.55