Castle Rock, WA


Highest Appreciating Castle Rock Neighborhoods Since 2000

Castle Rock, 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

Castle Rock Housing Market Information

With 2,184 people, 1,025 houses or apartments, and a median cost of homes of $260,582, 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 74.75% 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 ( 8.78%), mobile homes or trailers ( 6.22%), and a few large apartment complexes or high rise apartments ( 6.22%).

The most prevalent building size and type in Castle Rock are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.39% owning and 39.61% renting.

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. Castle Rock's housing was primarily built during this period, from the '40s through the '60s. A full 35.22% of the city's housing hails from this era. Other housing ages represented in Castle Rock include homes built between 1970-1999 ( 32.11%) and housing constructed before 1939 ( 25.62%). There's also some housing in Castle Rock built between 2000 and later ( 7.04%).

Castle Rock Home Appreciation Rates

Appreciation rates for homes in Castle Rock have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.49%, which ranks in the top 50% nationwide. This equates to an annual average Castle Rock house appreciation rate of 0.25%.

Appreciation rates are so strong in Castle Rock that despite a nationwide downturn in the housing market, Castle Rock real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Castle Rock appreciation rates continue to be some of the highest in America, at 8.79%, which is higher than appreciation rates in 90.00% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Castle Rock. Castle Rock appreciation rates in the latest quarter were at 1.17%, which equates to an annual appreciation rate of 4.75%.

Relative to Washington, our data show that Castle Rock's latest annual appreciation rate is lower than 60% of the other cities and towns in Washington.

Average Home Values


Median Home Value:


Value Range
> $1,258,000 0.1
$943,001 - $1,258,000 0.0
$629,001 - $943,000 0.8
$503,001 - $629,000 4.8
$377,001 - $503,000 17.1
$252,001 - $377,000 21.9
$126,001 - $252,000 39.9
$63,001 - $126,000 13.9
$0 - $63,000 1.5

Average for WA
High for Nation

Value Relative to Nation Value Relative to State
20.9656627212 53.1914893617021

Number Of Homes And Apartments:

Castle Rock Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
52.73% 2.49% 2 6
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,064 / per month

Homeownership Rate

Owners 60.39
Renters 39.61
Vacant 6.22

Housing Market Details


Age of Homes

AGE OF Castle Rock HOMES
2000 or Newer 7.0
1970 - 1999 32.1
1940 - 1969 35.2
1939 or Older 25.6

Types of Homes

Single-Family 74.7
Townhomes 2.3
Small Apt. Buildings 8.8
Apt. Complexes 6.2
Mobile Homes 6.2
Other 1.7

Home Size

No Bedroom 1.74
1 Bedroom 14.73
2 Bedrooms 21.50
3 Bedrooms 40.81
4 Bedrooms 20.77
5 or more bedrooms 0.46

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Zip Codes in Castle Rock, WA