Bothell, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Bothell, 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 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

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

Bothell Housing Market Information

With 44,546 people, 16,365 houses or apartments, and a median cost of homes of $653,155, Bothell house prices are not only among the most expensive in Washington, Bothell 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 Bothell, accounting for 54.45% of the city's housing units. Other types of housing that are prevalent in Bothell include large apartment complexes or high rise apartments ( 27.78%), mobile homes or trailers ( 8.66%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.40%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bothell. Owner-occupied housing accounts for 65.66% of Bothell's homes, and 53.17% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Bothell 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 Bothell built between 2000 and later ( 22.53%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.50%). There's also some housing in Bothell built before 1939 ( 1.48%).

Bothell Home Appreciation Rates

In the last 10 years, Bothell has experienced some of the highest home appreciation rates of any community in the nation. Bothell real estate appreciated 53.92% over the last ten years, which is an average annual home appreciation rate of 4.41%, putting Bothell in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bothell definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Bothell that despite a nationwide downturn in the housing market, Bothell real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bothell appreciation rates continue to be some of the highest in America, at 13.28%, which is higher than appreciation rates in 98.79% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bothell. Bothell appreciation rates in the latest quarter were at 5.12%, which equates to an annual appreciation rate of 22.13%.

Importantly, NeighborhoodScout’s exclusive research found that Bothell's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Washington, our data show that Bothell's latest annual appreciation rate is higher than 80% 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 Bothell differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bothell - 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 Bothell real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$653,155

Bothell, WA HOME PRICES

Value Range
> $1,608,000 1.2
$1,206,001 - $1,608,000 3.8
$804,001 - $1,206,000 20.8
$643,001 - $804,000 20.9
$482,001 - $643,000 25.2
$322,001 - $482,000 14.5
$161,001 - $322,000 6.5
$80,001 - $161,000 1.9
$0 - $80,000 5.2

Very High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
3.99416058394161 7.77385159010601

Number Of Homes And Apartments:
16,365

Bothell Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
Since 2000:
2000 Q1 - 2018 Q3
147.13% 4.94%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,895 / per month

Homeownership Rate

Homeownership
Owners 65.66
Renters 34.34
Vacant 4.51

Housing Market Details

 

Age of Homes

AGE OF Bothell HOMES
2000 or Newer 22.5
1970 - 1999 60.5
1940 - 1969 15.5
1939 or Older 1.5

Types of Homes

TYPE OF Bothell HOMES
Single-Family 54.5
Townhomes 3.5
Small Apt. Buildings 5.4
Apt. Complexes 27.8
Mobile Homes 8.7
Other 0.2

Home Size

SIZE OF Bothell HOMES
No Bedroom 1.24
1 Bedroom 11.95
2 Bedrooms 26.02
3 Bedrooms 34.32
4 Bedrooms 18.85
5 or more bedrooms 7.62