Bremerton, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Bremerton Neighborhoods Since 2000




Bremerton, 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 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

Bremerton Housing Market Information

With a population of 39,520, 15,582 total housing units (homes and apartments), and a median house value of $241,988, Bremerton real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Bremerton, accounting for 50.03% of the city's housing units. Other types of housing that are prevalent in Bremerton include large apartment complexes or high rise apartments ( 26.35%), duplexes, homes converted to apartments or other small apartment buildings ( 12.88%), and a few row houses and other attached homes ( 8.26%).

People in Bremerton primarily live in small (one, two or no bedroom) single-family detached homes. Bremerton has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Bremerton's housing was primarily built during this period, from the '40s through the '60s. A full 36.68% of the city's housing hails from this era. Other housing ages represented in Bremerton include homes built between 1970-1999 ( 31.71%) and housing constructed before 1939 ( 22.64%). There's also some housing in Bremerton built between 2000 and later ( 8.97%).

Vacant housing appears to be an issue in Bremerton. Fully 11.20% of the housing stock is classified as vacant. Left unchecked, vacant Bremerton homes and apartments can be a drag on the real estate market, holding Bremerton real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Bremerton Home Appreciation Rates

Real estate appreciation rates in Bremerton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.46% during the period.

Appreciation rates are so strong in Bremerton that despite a nationwide downturn in the housing market, Bremerton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bremerton appreciation rates continue to be some of the highest in America, at 13.16%, which is higher than appreciation rates in 98.70% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bremerton. Bremerton appreciation rates in the latest quarter were at 3.78%, which equates to an annual appreciation rate of 15.98%.

Importantly, this makes Bremerton 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 Bremerton'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 Bremerton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bremerton - 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 Bremerton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$241,988

Bremerton, WA HOME PRICES

Value Range
> $1,340,000 0.0
$1,005,001 - $1,340,000 0.2
$670,001 - $1,005,000 1.4
$536,001 - $670,000 3.1
$402,001 - $536,000 5.6
$268,001 - $402,000 26.8
$134,001 - $268,000 49.4
$67,001 - $134,000 9.6
$0 - $67,000 4.0

Low for WA
High for Nation

Value Relative to Nation Value Relative to State
24.8375197611101 60.9929078014184

Number Of Homes And Apartments:
15,582

Bremerton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
92.17% 3.80% 8 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,286 / per month

Homeownership Rate

Homeownership
Owners 38.26
Renters 61.74
Vacant 11.20

Housing Market Details

 

Age of Homes

AGE OF Bremerton HOMES
2000 or Newer 9.0
1970 - 1999 31.7
1940 - 1969 36.7
1939 or Older 22.6

Types of Homes

TYPE OF Bremerton HOMES
Single-Family 50.0
Townhomes 8.3
Small Apt. Buildings 12.9
Apt. Complexes 26.4
Mobile Homes 2.0
Other 0.5

Home Size

SIZE OF Bremerton HOMES
No Bedroom 4.66
1 Bedroom 16.97
2 Bedrooms 36.95
3 Bedrooms 30.82
4 Bedrooms 8.53
5 or more bedrooms 2.07