Burien, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Burien, 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Burien Housing Market Information

With 51,671 people, 18,606 houses or apartments, and a median cost of homes of $431,071, real estate costs in Burien 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 Burien, accounting for 57.64% of the city's housing units. Other types of housing that are prevalent in Burien include large apartment complexes or high rise apartments ( 32.72%), duplexes, homes converted to apartments or other small apartment buildings ( 6.02%), and a few row houses and other attached homes ( 2.15%).

People in Burien primarily live in small (one, two or no bedroom) single-family detached homes. Burien 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. Burien's housing was primarily built during this period, from the '40s through the '60s. A full 55.09% of the city's housing hails from this era. Other housing ages represented in Burien include homes built between 1970-1999 ( 30.66%) and housing constructed before 1939 ( 7.13%). There's also some housing in Burien built between 2000 and later ( 7.12%).

Burien Home Appreciation Rates

In the last 10 years, Burien has experienced some of the highest home appreciation rates of any community in the nation. Burien real estate appreciated 37.88% over the last ten years, which is an average annual home appreciation rate of 3.26%, putting Burien in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Burien 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, Burien's appreciation rate, at 4.23%, has been at or slightly above the national average. In the latest quarter, Burien's appreciation rate has been -0.23%, which annualizes to a rate of -0.93%.

Relative to Washington, our data show that Burien'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 Burien differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Burien - 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 Burien real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$431,071

Burien, WA HOME PRICES

Value Range
> $1,407,000 2.6
$1,055,001 - $1,407,000 3.9
$704,001 - $1,055,000 9.6
$563,001 - $704,000 11.7
$422,001 - $563,000 27.3
$281,001 - $422,000 29.2
$141,001 - $281,000 11.9
$70,001 - $141,000 1.4
$0 - $70,000 2.3

High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
9.61751824817518 21.5547703180212

Number Of Homes And Apartments:
18,606

Burien Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
126.84% 4.35%
9
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,855 / per month

Homeownership Rate

Homeownership
Owners 53.47
Renters 46.53
Vacant 6.61

Housing Market Details

 

Age of Homes

AGE OF Burien HOMES
2000 or Newer 7.1
1970 - 1999 30.7
1940 - 1969 55.1
1939 or Older 7.1

Types of Homes

TYPE OF Burien HOMES
Single-Family 57.6
Townhomes 2.2
Small Apt. Buildings 6.0
Apt. Complexes 32.7
Mobile Homes 1.2
Other 0.3

Home Size

SIZE OF Burien HOMES
No Bedroom 2.09
1 Bedroom 17.38
2 Bedrooms 29.98
3 Bedrooms 28.85
4 Bedrooms 17.59
5 or more bedrooms 4.11