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 Q2 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

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

Auburn Housing Market Information

With 77,472 people, 27,580 houses or apartments, and a median cost of homes of $322,039, 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 52.33% of the city's housing units. Other types of housing that are prevalent in Auburn include large apartment complexes or high rise apartments ( 20.93%), duplexes, homes converted to apartments or other small apartment buildings ( 11.33%), and a few mobile homes or trailers ( 9.01%).

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 59.31% owning and 40.69% 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 ( 24.76%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.11%). There's also some housing in Auburn built before 1939 ( 5.59%).

Auburn Home Appreciation Rates

Appreciation rates for homes in Auburn have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.32%, which ranks in the top 50% nationwide. This equates to an annual average Auburn house appreciation rate of 1.17%.

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 7.54%, which is higher than appreciation rates in 82.55% 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 3.10%, which equates to an annual appreciation rate of 12.99%.

Importantly, this makes Auburn 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 Auburn'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 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:
$322,039

Auburn, WA HOME PRICES

Value Range
> $1,480,000 0.3
$1,110,001 - $1,480,000 0.6
$740,001 - $1,110,000 3.4
$592,001 - $740,000 6.0
$444,001 - $592,000 17.0
$296,001 - $444,000 31.4
$148,001 - $296,000 21.5
$74,001 - $148,000 5.0
$0 - $74,000 14.9

Average for WA
Very High for Nation

Value Relative to Nation Value Relative to State
16.4788321167883 40.2826855123675

Number Of Homes And Apartments:
27,580

Auburn Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2018 Q1 - 2018 Q2
Last 12 Months:
2017 Q2 - 2018 Q2
Last 2 Years:
2016 Q2 - 2018 Q2
Last 5 Years:
2013 Q2 - 2018 Q2
Last 10 Years:
2008 Q2 - 2018 Q2
Since 2000:
2000 Q1 - 2018 Q2
89.41% 3.51%
5
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,079 / per month

Homeownership Rate

Homeownership
Owners 59.31
Renters 40.69
Vacant 6.45

Housing Market Details

 

Age of Homes

AGE OF Auburn HOMES
2000 or Newer 24.8
1970 - 1999 50.5
1940 - 1969 19.1
1939 or Older 5.6

Types of Homes

TYPE OF Auburn HOMES
Single-Family 52.3
Townhomes 6.3
Small Apt. Buildings 11.3
Apt. Complexes 20.9
Mobile Homes 9.0
Other 0.1

Home Size

SIZE OF Auburn HOMES
No Bedroom 1.54
1 Bedroom 12.18
2 Bedrooms 28.52
3 Bedrooms 32.14
4 Bedrooms 20.21
5 or more bedrooms 5.41