Cashmere, WA


Highest Appreciating Cashmere Neighborhoods Since 2000

Cashmere, WA Real Estate Data

Cashmere Housing Market Information

With a population of 3,159, 1,091 total housing units (homes and apartments), and a median house value of $267,250, Cashmere real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Cashmere, accounting for 71.52% of the city's housing units. Other types of housing that are prevalent in Cashmere include large apartment complexes or high rise apartments ( 16.95%), mobile homes or trailers ( 5.80%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.87%).

The most prevalent building size and type in Cashmere are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.00% owning and 48.00% renting.

There is a lot of housing in Cashmere 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 Cashmere built between 1940-1969 ( 29.57%). A lesser amount of the housing stock also hails from before 1939 ( 28.02%). There's also some housing in Cashmere built between 2000 and later ( 7.82%).

Vacant housing appears to be an issue in Cashmere. Fully 15.56% of the housing stock is classified as vacant. Left unchecked, vacant Cashmere homes and apartments can be a drag on the real estate market, holding Cashmere 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.

Cashmere Home Appreciation Rates

Appreciation rates for homes in Cashmere have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.37%, which ranks in the top 50% nationwide. This equates to an annual average Cashmere house appreciation rate of 0.33%.

Appreciation rates are so strong in Cashmere that despite a nationwide downturn in the housing market, Cashmere real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cashmere appreciation rates continue to be some of the highest in America, at 7.32%, which is higher than appreciation rates in 82.41% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cashmere. Cashmere appreciation rates in the latest quarter were at 0.98%, which equates to an annual appreciation rate of 3.99%.

Relative to Washington, our data show that Cashmere's latest annual appreciation rate is lower than 70% of the other cities and towns in Washington.

Average Home Values


Median Home Value:


Value Range
> $1,168,000 0.0
$876,001 - $1,168,000 1.6
$584,001 - $876,000 4.2
$467,001 - $584,000 2.3
$351,001 - $467,000 16.9
$234,001 - $351,000 30.5
$117,001 - $234,000 33.7
$58,001 - $117,000 5.8
$0 - $58,000 5.1

Average for WA
Very High for Nation

Value Relative to Nation Value Relative to State
19.8523379819524 48.2269503546099

Number Of Homes And Apartments:

Rent & Ownership


Average Market Rent:
$856 / per month

Homeownership Rate

Owners 52.00
Renters 48.00
Vacant 15.56

Housing Market Details


Age of Homes

2000 or Newer 7.8
1970 - 1999 34.6
1940 - 1969 29.6
1939 or Older 28.0

Types of Homes

Single-Family 71.5
Townhomes 1.9
Small Apt. Buildings 3.9
Apt. Complexes 17.0
Mobile Homes 5.8
Other 0.0

Home Size

No Bedroom 5.19
1 Bedroom 15.40
2 Bedrooms 27.32
3 Bedrooms 33.75
4 Bedrooms 16.80
5 or more bedrooms 1.55

Cashmere Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
73.38% 3.24% 7 9
* 10 is highest

Popular Neighborhoods in Cashmere

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Zip Codes in Cashmere, WA