Black Diamond WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 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

Black Diamond Housing Market Information

With 4,477 people, 1,686 houses or apartments, and a median cost of homes of $502,497, 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 88.59% of the city's housing units. Other types of housing that are prevalent in Black Diamond include mobile homes or trailers ( 10.28%).

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 88.55% of Black Diamond's homes, and 71.94% 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 ( 19.31%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.34%). There's also some housing in Black Diamond built between 2000 and later ( 12.59%).

Black Diamond Home Appreciation Rates

In the last 10 years, Black Diamond has experienced some of the highest home appreciation rates of any community in the nation. Black Diamond real estate appreciated 49.23% over the last ten years, which is an average annual home appreciation rate of 4.08%, putting Black Diamond in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Black Diamond 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, Black Diamond appreciation rates have trailed the rest of the nation. In the last twelve months, Black Diamond's appreciation rate has been 1.89%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Black Diamond were at 1.33%, which equates to an annual appreciation rate of 5.42%.

Relative to Washington, our data show that Black Diamond's latest annual appreciation rate is lower than 70% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$502,497

Black Diamond, WA HOME PRICES

Value Range
> $1,382,000 4.4
$1,036,001 - $1,382,000 8.1
$691,001 - $1,036,000 21.8
$553,001 - $691,000 16.3
$414,001 - $553,000 20.0
$276,001 - $414,000 15.3
$138,001 - $276,000 5.9
$69,001 - $138,000 0.4
$0 - $69,000 7.8

Very High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
7.28467153284671 14.6643109540636

Number Of Homes And Apartments:
1,686

Black Diamond 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
108.05% 3.78%
5
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,339 / per month

Homeownership Rate

Homeownership
Owners 88.55
Renters 11.45
Vacant 4.80

Housing Market Details

 

Age of Homes

AGE OF Black Diamond HOMES
2000 or Newer 12.6
1970 - 1999 53.8
1940 - 1969 14.3
1939 or Older 19.3

Types of Homes

TYPE OF Black Diamond HOMES
Single-Family 88.6
Townhomes 0.6
Small Apt. Buildings 0.5
Apt. Complexes 0.0
Mobile Homes 10.3
Other 0.0

Home Size

SIZE OF Black Diamond HOMES
No Bedroom 0.68
1 Bedroom 2.20
2 Bedrooms 17.73
3 Bedrooms 42.69
4 Bedrooms 29.25
5 or more bedrooms 7.45

Popular Neighborhoods in Black Diamond

Zip Codes in Black Diamond, WA