Bainbridge Island, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Bainbridge Island Neighborhoods Since 2000




Bainbridge Island, 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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Bainbridge Island Housing Market Information

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%).

Bainbridge Island Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$747,280

Bainbridge Island, WA HOME PRICES

Value Range
> $1,359,000 9.8
$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

Very High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
2.26766670573069 2.12765957446809

Number Of Homes And Apartments:
9,475

Bainbridge Island Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
100.57% 4.12% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,478 / per month

Homeownership Rate

Homeownership
Owners 75.24
Renters 24.76
Vacant 8.67

Housing Market Details

 

Age of Homes

AGE OF Bainbridge Island HOMES
2000 or Newer 24.8
1970 - 1999 50.0
1940 - 1969 15.9
1939 or Older 9.3

Types of Homes

TYPE OF Bainbridge Island HOMES
Single-Family 76.9
Townhomes 4.1
Small Apt. Buildings 2.5
Apt. Complexes 13.7
Mobile Homes 2.7
Other 0.1

Home Size

SIZE OF Bainbridge Island HOMES
No Bedroom 0.81
1 Bedroom 7.89
2 Bedrooms 24.84
3 Bedrooms 40.39
4 Bedrooms 19.34
5 or more bedrooms 6.74