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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (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 4,477, 1,709 total housing units (homes and apartments), and a median house value of $502,408, 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 90.07% of the city's housing units. Other types of housing that are prevalent in Black Diamond include mobile homes or trailers ( 7.88%).

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 85.02% of Black Diamond's homes, and 73.03% 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 ( 17.43%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.21%). There's also some housing in Black Diamond built between 2000 and later ( 14.82%).

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 62.74% over the last ten years, which is an average annual home appreciation rate of 4.99%, 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 2.86%, 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 1.35%, which equates to an annual appreciation rate of 5.51%.

Relative to Washington, our data show that Black Diamond's latest annual appreciation rate is lower than 90% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$502,408

Black Diamond, WA HOME PRICES

Value Range
> $1,287,000 6.7
$965,001 - $1,287,000 10.1
$643,001 - $965,000 20.7
$514,001 - $643,000 17.9
$386,001 - $514,000 21.0
$257,001 - $386,000 12.4
$129,001 - $257,000 3.4
$65,001 - $129,000 0.5
$0 - $65,000 7.3

Very High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
7.66423357664234 15.7243816254417

Number Of Homes And Apartments:
1,709

Black Diamond Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
114.05% 3.78%
4
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,928 / per month

Homeownership Rate

Homeownership
Owners 85.02
Renters 14.98
Vacant 5.16

Housing Market Details

 

Age of Homes

AGE OF Black Diamond HOMES
2000 or Newer 14.8
1970 - 1999 52.6
1940 - 1969 15.2
1939 or Older 17.4

Types of Homes

TYPE OF Black Diamond HOMES
Single-Family 90.1
Townhomes 0.0
Small Apt. Buildings 0.5
Apt. Complexes 0.0
Mobile Homes 7.9
Other 1.6

Home Size

SIZE OF Black Diamond HOMES
No Bedroom 2.28
1 Bedroom 3.77
2 Bedrooms 13.82
3 Bedrooms 42.45
4 Bedrooms 30.58
5 or more bedrooms 7.10

Popular Neighborhoods in Black Diamond

Zip Codes in Black Diamond, WA