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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 50,997, 18,609 total housing units (homes and apartments), and a median house value of $422,242, 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 56.60% of the city's housing units. Other types of housing that are prevalent in Burien include large apartment complexes or high rise apartments ( 33.77%), duplexes, homes converted to apartments or other small apartment buildings ( 5.95%), and a few row houses and other attached homes ( 1.97%).
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 54.45% of the city's housing hails from this era. Other housing ages represented in Burien include homes built between 1970-1999 ( 30.17%) and housing constructed between 2000 and later ( 7.74%). There's also some housing in Burien built before 1939 ( 7.64%).
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 27.22% over the last ten years, which is an average annual home appreciation rate of 2.44%, 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.
Appreciation rates are so strong in Burien that despite a nationwide downturn in the housing market, Burien real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Burien appreciation rates continue to be some of the highest in America, at 10.68%, which is higher than appreciation rates in 96.84% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Burien. Burien appreciation rates in the latest quarter were at 3.10%, which equates to an annual appreciation rate of 12.99%.
Importantly, this makes Burien 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 Burien'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 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.
|$1,146,001 - $1,529,000||2.4|
|$764,001 - $1,146,000||6.0|
|$611,001 - $764,000||8.7|
|$458,001 - $611,000||23.0|
|$306,001 - $458,000||37.5|
|$153,001 - $306,000||16.0|
|$77,001 - $153,000||2.8|
|$0 - $77,000||2.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q1 - 2018 Q2
Last 12 Months:
2017 Q2 - 2018 Q2
Last 2 Years:
2016 Q2 - 2018 Q2
Last 5 Years:
2013 Q2 - 2018 Q2
Last 10 Years:
2008 Q2 - 2018 Q2
2000 Q1 - 2018 Q2
|* 10 is highest|
|AGE OF Burien HOMES|
|2000 or Newer||7.7|
|1970 - 1999||30.2|
|1940 - 1969||54.4|
|1939 or Older||7.6|
|TYPE OF Burien HOMES|
|Small Apt. Buildings||5.9|
|SIZE OF Burien HOMES|
|5 or more bedrooms||3.67|