Auburn WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Auburn, 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 Q3 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

Auburn Housing Market Information

With 81,905 people, 28,274 houses or apartments, and a median cost of homes of $327,358, Auburn real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Auburn, accounting for 51.81% of the city's housing units. Other types of housing that are prevalent in Auburn include large apartment complexes or high rise apartments ( 22.01%), duplexes, homes converted to apartments or other small apartment buildings ( 9.91%), and a few mobile homes or trailers ( 9.07%).

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 58.84% owning and 41.16% 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 ( 25.98%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.28%). There's also some housing in Auburn built before 1939 ( 5.49%).

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 44.04% over the last ten years, which is an average annual home appreciation rate of 3.72%, putting Auburn in the top 20% 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.

Over the last year, Auburn appreciation rates have trailed the rest of the nation. In the last twelve months, Auburn's appreciation rate has been -1.72%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Auburn were at 1.33%, which equates to an annual appreciation rate of 5.42%.

Relative to Washington, our data show that Auburn's latest annual appreciation rate is lower than 90% 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:
$327,358

Auburn, WA HOME PRICES

Value Range
> $1,379,000 0.4
$1,034,001 - $1,379,000 0.5
$689,001 - $1,034,000 4.5
$552,001 - $689,000 8.0
$414,001 - $552,000 20.1
$276,001 - $414,000 29.1
$138,001 - $276,000 17.7
$69,001 - $138,000 5.4
$0 - $69,000 14.3

Average for WA
Very High for Nation

Value Relative to Nation Value Relative to State
17.4656934306569 46.643109540636

Number Of Homes And Apartments:
28,274

Auburn Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
97.22% 3.50%
3
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,876 / per month

Homeownership Rate

Homeownership
Owners 58.84
Renters 41.16
Vacant 5.97

Housing Market Details

 

Age of Homes

AGE OF Auburn HOMES
2000 or Newer 26.0
1970 - 1999 50.3
1940 - 1969 18.3
1939 or Older 5.5

Types of Homes

TYPE OF Auburn HOMES
Single-Family 51.8
Townhomes 7.1
Small Apt. Buildings 9.9
Apt. Complexes 22.0
Mobile Homes 9.1
Other 0.1

Home Size

SIZE OF Auburn HOMES
No Bedroom 1.62
1 Bedroom 11.19
2 Bedrooms 28.90
3 Bedrooms 32.72
4 Bedrooms 19.98
5 or more bedrooms 5.59