Black Diamond, WA


Highest Appreciating Black Diamond Neighborhoods Since 2000

Black Diamond, 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

Black Diamond Housing Market Information

With a population of 4,376, 1,665 total housing units (homes and apartments), and a median house value of $406,495, Black Diamond house prices are not only among the most expensive in Washington, Black Diamond 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 Black Diamond, accounting for 88.43% of the city's housing units. Other types of housing that are prevalent in Black Diamond include mobile homes or trailers ( 9.62%), row houses and other attached homes ( 1.32%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Black Diamond. Owner-occupied housing accounts for 88.59% of Black Diamond's homes, and 74.11% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Black Diamond 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 Black Diamond built before 1939 ( 16.09%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.37%). There's also some housing in Black Diamond built between 2000 and later ( 10.25%).

Black Diamond Home Appreciation Rates

Appreciation rates for homes in Black Diamond have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.06%, which ranks in the top 50% nationwide. This equates to an annual average Black Diamond house appreciation rate of 0.30%.

Appreciation rates are so strong in Black Diamond that despite a nationwide downturn in the housing market, Black Diamond real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Black Diamond appreciation rates continue to be some of the highest in America, at 9.99%, which is higher than appreciation rates in 93.85% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Black Diamond. Black Diamond appreciation rates in the latest quarter were at 2.83%, which equates to an annual appreciation rate of 11.81%.

Importantly, this makes Black Diamond 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 Black Diamond's latest annual appreciation rate is higher than 50% of the other cities and towns in Washington.

Average Home Values


Median Home Value:

Black Diamond, WA HOME PRICES

Value Range
> $1,348,000 2.1
$1,011,001 - $1,348,000 4.2
$674,001 - $1,011,000 15.7
$539,001 - $674,000 14.0
$404,001 - $539,000 24.1
$270,001 - $404,000 20.7
$135,001 - $270,000 8.2
$67,001 - $135,000 0.3
$0 - $67,000 10.8

Very High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
9.1907887026837 17.9078014184397

Number Of Homes And Apartments:

Black Diamond Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
75.00% 3.30% 7 9
* 10 is highest

Rent & Ownership


Average Market Rent:
$2,594 / per month

Homeownership Rate

Owners 88.59
Renters 11.41
Vacant 4.64

Housing Market Details


Age of Homes

AGE OF Black Diamond HOMES
2000 or Newer 10.3
1970 - 1999 61.3
1940 - 1969 12.4
1939 or Older 16.1

Types of Homes

TYPE OF Black Diamond HOMES
Single-Family 88.4
Townhomes 1.3
Small Apt. Buildings 0.6
Apt. Complexes 0.0
Mobile Homes 9.6
Other 0.0

Home Size

SIZE OF Black Diamond HOMES
No Bedroom 0.00
1 Bedroom 1.72
2 Bedrooms 20.10
3 Bedrooms 45.88
4 Bedrooms 28.24
5 or more bedrooms 4.07

Popular Neighborhoods in Black Diamond

Zip Codes in Black Diamond, WA