Bonney Lake, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Bonney Lake Neighborhoods Since 2000




Bonney Lake, 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

Bonney Lake Housing Market Information

With a population of 19,903, 6,191 total housing units (homes and apartments), and a median house value of $319,260, real estate costs in Bonney Lake are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Washington communities.

Single-family detached homes are the single most common housing type in Bonney Lake, accounting for 82.68% of the city's housing units. Other types of housing that are prevalent in Bonney Lake include mobile homes or trailers ( 6.29%), large apartment complexes or high rise apartments ( 3.77%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.69%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bonney Lake. Owner-occupied housing accounts for 81.06% of Bonney Lake's homes, and 80.06% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Bonney Lake 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 Bonney Lake built between 2000 and later ( 39.80%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.56%). There's also some housing in Bonney Lake built before 1939 ( 2.15%).

Bonney Lake Home Appreciation Rates

Real estate appreciation rates in Bonney Lake's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.08% during the period.

Appreciation rates are so strong in Bonney Lake that despite a nationwide downturn in the housing market, Bonney Lake real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bonney Lake appreciation rates continue to be some of the highest in America, at 10.72%, which is higher than appreciation rates in 95.57% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bonney Lake. Bonney Lake appreciation rates in the latest quarter were at 2.83%, which equates to an annual appreciation rate of 11.81%.

Importantly, this makes Bonney Lake 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 Bonney Lake's latest annual appreciation rate is higher than 60% of the other cities and towns in Washington.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Bonney Lake differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bonney Lake - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Bonney Lake real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$319,260

Bonney Lake, WA HOME PRICES

Value Range
> $1,334,000 0.5
$1,001,001 - $1,334,000 0.7
$667,001 - $1,001,000 4.6
$534,001 - $667,000 8.2
$400,001 - $534,000 19.5
$267,001 - $400,000 40.6
$133,001 - $267,000 20.1
$67,001 - $133,000 1.1
$0 - $67,000 4.7

High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
14.6255713113794 34.3971631205674

Number Of Homes And Apartments:
6,191

Bonney Lake 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
81.59% 3.52% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,953 / per month

Homeownership Rate

Homeownership
Owners 81.06
Renters 18.94
Vacant 4.36

Housing Market Details

 

Age of Homes

AGE OF Bonney Lake HOMES
2000 or Newer 39.8
1970 - 1999 48.5
1940 - 1969 9.6
1939 or Older 2.1

Types of Homes

TYPE OF Bonney Lake HOMES
Single-Family 82.7
Townhomes 3.2
Small Apt. Buildings 3.7
Apt. Complexes 3.8
Mobile Homes 6.3
Other 0.3

Home Size

SIZE OF Bonney Lake HOMES
No Bedroom 0.00
1 Bedroom 2.39
2 Bedrooms 11.01
3 Bedrooms 51.83
4 Bedrooms 28.22
5 or more bedrooms 6.53