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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 23,840, 9,475 total housing units (homes and apartments), and a median house value of $747,280, Bainbridge Island house prices are not only among the most expensive in Washington, Bainbridge Island 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 Bainbridge Island, accounting for 76.87% of the city's housing units. Other types of housing that are prevalent in Bainbridge Island include large apartment complexes or high rise apartments ( 13.75%), row houses and other attached homes ( 4.14%), and a few mobile homes or trailers ( 2.70%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bainbridge Island. Owner-occupied housing accounts for 75.24% of Bainbridge Island's homes, and 59.73% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Bainbridge Island 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 Bainbridge Island built between 2000 and later ( 24.78%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.92%). There's also some housing in Bainbridge Island built before 1939 ( 9.28%).
Appreciation rates for homes in Bainbridge Island have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.46%, which ranks in the top 30% nationwide. This equates to an annual average Bainbridge Island house appreciation rate of 1.18%.
Appreciation rates are so strong in Bainbridge Island that despite a nationwide downturn in the housing market, Bainbridge Island real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bainbridge Island appreciation rates continue to be some of the highest in America, at 12.76%, which is higher than appreciation rates in 98.24% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bainbridge Island. Bainbridge Island appreciation rates in the latest quarter were at 2.63%, which equates to an annual appreciation rate of 10.95%.
Importantly, this makes Bainbridge Island 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 Bainbridge Island's latest annual appreciation rate is higher than 80% of the other cities and towns in Washington.
|$1,019,001 - $1,359,000||13.8|
|$679,001 - $1,019,000||32.4|
|$544,001 - $679,000||15.4|
|$408,001 - $544,000||16.1|
|$272,001 - $408,000||6.1|
|$136,001 - $272,000||3.4|
|$68,001 - $136,000||2.3|
|$0 - $68,000||0.8|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Bainbridge Island HOMES|
|2000 or Newer||24.8|
|1970 - 1999||50.0|
|1940 - 1969||15.9|
|1939 or Older||9.3|
|TYPE OF Bainbridge Island HOMES|
|Small Apt. Buildings||2.5|
|SIZE OF Bainbridge Island HOMES|
|5 or more bedrooms||6.74|