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 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 about Scout's Real Estate Data

Bothell Housing Market Information

With 47,415 people, 17,223 houses or apartments, and a median cost of homes of $642,673, 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 53.49% of the city's housing units. Other types of housing that are prevalent in Bothell include large apartment complexes or high rise apartments ( 27.96%), mobile homes or trailers ( 8.90%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.21%).

The most prevalent building size and type in Bothell are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.72% owning and 35.28% renting.

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 ( 27.60%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.75%). There's also some housing in Bothell built before 1939 ( 1.32%).

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 92.00% over the last ten years, which is an average annual home appreciation rate of 6.74%, 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.

NeighborhoodScout's data show that during the latest twelve months, Bothell's appreciation rate, at 4.13%, has been at or slightly above the national average. In the latest quarter, Bothell's appreciation rate has been 2.15%, which annualizes to a rate of 8.86%.

Importantly, this makes Bothell 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 Bothell's latest annual appreciation rate is lower 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:
$642,673

Bothell, WA HOME PRICES

Value Range
> $1,337,000 3.3
$1,003,001 - $1,337,000 10.3
$669,001 - $1,003,000 34.4
$535,001 - $669,000 19.4
$401,001 - $535,000 15.3
$267,001 - $401,000 8.1
$134,001 - $267,000 3.6
$67,001 - $134,000 1.3
$0 - $67,000 4.2

Very High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
4.48467153284671 9.18727915194346

Number Of Homes And Apartments:
17,223

Bothell Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
158.14% 4.68%
9
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,821 / per month

Homeownership Rate

Homeownership
Owners 64.72
Renters 35.28
Vacant 4.30

Housing Market Details

 

Age of Homes

AGE OF Bothell HOMES
2000 or Newer 27.6
1970 - 1999 55.3
1940 - 1969 15.8
1939 or Older 1.3

Types of Homes

TYPE OF Bothell HOMES
Single-Family 53.5
Townhomes 3.8
Small Apt. Buildings 5.2
Apt. Complexes 28.0
Mobile Homes 8.9
Other 0.6

Home Size

SIZE OF Bothell HOMES
No Bedroom 1.84
1 Bedroom 13.08
2 Bedrooms 25.95
3 Bedrooms 31.80
4 Bedrooms 19.58
5 or more bedrooms 7.75