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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Castle Rock, WA Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Castle Rock, WA Housing Market Trends

With a population of 2,443, 941 total housing units (homes and apartments), and a median house value of $448,943, Castle Rock real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Castle Rock, accounting for 73.04% of the city's housing units. Other types of housing that are prevalent in Castle Rock include duplexes, homes converted to apartments or other small apartment buildings ( 10.26%), large apartment complexes or high rise apartments ( 9.66%), and a few mobile homes or trailers ( 7.04%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Castle Rock. Owner-occupied housing accounts for 66.63% of Castle Rock's homes, and 55.73% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Castle Rock 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 Castle Rock built between 1940-1969 ( 28.37%). A lesser amount of the housing stock also hails from before 1939 ( 19.72%). There's also some housing in Castle Rock built between 2000 and later ( 12.58%).

Castle Rock Home Appreciation Rates

In the last 10 years, Castle Rock has experienced some of the highest home appreciation rates of any community in the nation. Castle Rock real estate appreciated 138.49% over the last ten years, which is an average annual home appreciation rate of 9.08%, putting Castle Rock in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Castle Rock definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Castle Rock appreciation rates have trailed the rest of the nation. In the last twelve months, Castle Rock's appreciation rate has been -1.58%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Castle Rock were at -1.41%, which equates to an annual appreciation rate of -5.51%.

Notably, Castle Rock's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Washington, our data show that Castle Rock's latest annual appreciation rate is lower than 90% of the other cities and towns in Washington.

Average Home Values

Median Home Value

$448,943

Castle Rock, WA Home Prices
> $1,291,000
$968,001 - $1,291,000
$645,001 - $968,000
$516,001 - $645,000
$387,001 - $516,000
$258,001 - $387,000
$129,001 - $258,000
$65,001 - $129,000
$0 - $65,000
3.3%
3.3%
2.4%
2.4%
12.0%
12.0%
17.4%
17.4%
14.7%
14.7%
27.0%
27.0%
13.4%
13.4%
4.3%
4.3%
5.5%
5.5%
0% 100.0%
% of Homes
Average

for Washington

High

for nation

Number of Homes And Apartments:

941

Castle Rock Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,643 / per month

Homeownership Rate

Owners
Renters
66.6%
66.6%
33.4%
33.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.3%
5.3%
94.7%
94.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
12.6%
12.6%
39.3%
39.3%
28.4%
28.4%
19.7%
19.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
73.0%
73.0%
0.0%
0.0%
10.3%
10.3%
9.7%
9.7%
7.0%
7.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.0%
1.0%
11.0%
11.0%
28.6%
28.6%
44.2%
44.2%
11.6%
11.6%
3.7%
3.7%
0% 100.0%
% of Homes

Popular Neighborhoods in Castle Rock

Zip Codes in Castle Rock, WA