Cashmere, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Cashmere, 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 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

Cashmere Housing Market Information

With a population of 3,159, 1,091 total housing units (homes and apartments), and a median house value of $272,836, 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 2.98%, which ranks in the top 50% nationwide. This equates to an annual average Cashmere house appreciation rate of 0.29%.

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 9.85%, which is higher than appreciation rates in 93.48% 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 1.92%, which equates to an annual appreciation rate of 7.92%.

Importantly, this makes Cashmere 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 Cashmere's latest annual appreciation rate is higher than 50% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$272,836

Cashmere, WA HOME PRICES

Value Range
> $1,193,000 0.0
$894,001 - $1,193,000 1.6
$596,001 - $894,000 4.2
$477,001 - $596,000 2.3
$358,001 - $477,000 16.9
$239,001 - $358,000 30.5
$119,001 - $239,000 33.7
$60,001 - $119,000 5.8
$0 - $60,000 5.1

Average for WA
Very High for Nation

Value Relative to Nation Value Relative to State
19.4128676901441 48.5815602836879

Number Of Homes And Apartments:
1,091

Cashmere Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
77.51% 3.38% 7 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$929 / per month

Homeownership Rate

Homeownership
Owners 52.00
Renters 48.00
Vacant 15.56

Housing Market Details

 

Age of Homes

AGE OF Cashmere HOMES
2000 or Newer 7.8
1970 - 1999 34.6
1940 - 1969 29.6
1939 or Older 28.0

Types of Homes

TYPE OF Cashmere 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

SIZE OF Cashmere HOMES
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

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Zip Codes in Cashmere, WA