Auburn, WA Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Auburn, WA Housing Market Trends

With a population of 81,464, 29,246 total housing units (homes and apartments), and a median house value of $404,205, real estate costs in Auburn 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 Auburn, accounting for 51.96% of the city's housing units. Other types of housing that are prevalent in Auburn include large apartment complexes or high rise apartments ( 24.41%), duplexes, homes converted to apartments or other small apartment buildings ( 9.61%), and a few mobile homes or trailers ( 7.49%).

The most prevalent building size and type in Auburn are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.62% owning and 41.38% renting.

There is a lot of housing in Auburn 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 Auburn built between 2000 and later ( 28.20%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.45%). There's also some housing in Auburn built before 1939 ( 4.42%).

Auburn Home Appreciation Rates

In the last 10 years, Auburn has experienced some of the highest home appreciation rates of any community in the nation. Auburn real estate appreciated 75.51% over the last ten years, which is an average annual home appreciation rate of 5.79%, putting Auburn in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Auburn definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Auburn that despite a nationwide downturn in the housing market, Auburn real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Auburn appreciation rates continue to be some of the highest in America, at 6.61%, which is higher than appreciation rates in 78.79% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Auburn. Auburn appreciation rates in the latest quarter were at 2.44%, which equates to an annual appreciation rate of 10.11%.

Relative to Washington, our data show that Auburn's latest annual appreciation rate is lower than 70% 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 Auburn differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Auburn - 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 Auburn real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$404,205

Auburn, WA HOME PRICES

> $1,284,000
0.6%
0.6%
$963,001 - $1,284,000
1.1%
1.1%
$642,001 - $963,000
8.7%
8.7%
$514,001 - $642,000
14.8%
14.8%
$385,001 - $514,000
26.4%
26.4%
$257,001 - $385,000
21.9%
21.9%
$129,001 - $257,000
10.8%
10.8%
$64,001 - $129,000
5.1%
5.1%
$0 - $64,000
10.5%
10.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for WA

Value Relative To Nation

Number Of Homes And Apartments:
29,246

Auburn Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
116.82% 3.75%
3
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,860 / per month

Homeownership Rate

Owners
58.6%
58.6%
Renters
41.4%
41.4%
Vacant
5.5%
5.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
28.2%
28.2%
1970 - 1999
46.9%
46.9%
1940 - 1969
20.4%
20.4%
1939 or Older
4.4%
4.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
52.0%
52.0%
Townhomes
6.5%
6.5%
Small Apt. Buildings
9.6%
9.6%
Apt. Complexes
24.4%
24.4%
Mobile Homes
7.5%
7.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.5%
2.5%
1 Bedroom
13.4%
13.4%
2 Bedrooms
25.1%
25.1%
3 Bedrooms
32.0%
32.0%
4 Bedrooms
21.3%
21.3%
5 or more bedrooms
5.8%
5.8%
0.0% 100.0%
% OF HOMES