Chehalis, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Chehalis Neighborhoods Since 2000




Chehalis, 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

Chehalis Housing Market Information

With a population of 7,391, 2,786 total housing units (homes and apartments), and a median house value of $208,209, Chehalis real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Chehalis, accounting for 62.73% of the city's housing units. Other types of housing that are prevalent in Chehalis include large apartment complexes or high rise apartments ( 25.20%), duplexes, homes converted to apartments or other small apartment buildings ( 8.66%), and a few row houses and other attached homes ( 3.41%).

People in Chehalis primarily live in small (one, two or no bedroom) single-family detached homes. Chehalis has a mixture of owner-occupied and renter-occupied housing.

The housing in Chehalis was primarily built before 1939 ( 33.83%), making the housing stock in Chehalis some of the oldest overall in America, although there is a range of ages of homes in Chehalis. The next most important housing age is between 1940-1969 ( 32.53%), followed by between 1970-1999 ( 24.91%). There's also some housing in Chehalis built between 2000 and later ( 8.73%).

Chehalis Home Appreciation Rates

Chehalis's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Chehalis during the period has been just -0.85%, which is lower than 70% of US communities.

Appreciation rates are so strong in Chehalis that despite a nationwide downturn in the housing market, Chehalis real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Chehalis appreciation rates continue to be some of the highest in America, at 11.14%, which is higher than appreciation rates in 96.28% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Chehalis. Chehalis appreciation rates in the latest quarter were at 1.50%, which equates to an annual appreciation rate of 6.14%.

Relative to Washington, our data show that Chehalis's latest annual appreciation rate is higher than 60% 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 Chehalis differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Chehalis - 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 Chehalis real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$208,209

Chehalis, WA HOME PRICES

Value Range
> $1,212,000 0.3
$909,001 - $1,212,000 0.0
$606,001 - $909,000 3.6
$485,001 - $606,000 1.0
$363,001 - $485,000 5.6
$243,001 - $363,000 25.1
$121,001 - $243,000 52.7
$61,001 - $121,000 4.9
$0 - $61,000 6.7

Low for WA
High for Nation

Value Relative to Nation Value Relative to State
30.2355560764092 67.7304964539007

Number Of Homes And Apartments:
2,786

Chehalis 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
60.15% 2.77% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$993 / per month

Homeownership Rate

Homeownership
Owners 38.85
Renters 61.15
Vacant 9.63

Housing Market Details

 

Age of Homes

AGE OF Chehalis HOMES
2000 or Newer 8.7
1970 - 1999 24.9
1940 - 1969 32.5
1939 or Older 33.8

Types of Homes

TYPE OF Chehalis HOMES
Single-Family 62.7
Townhomes 3.4
Small Apt. Buildings 8.7
Apt. Complexes 25.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Chehalis HOMES
No Bedroom 6.13
1 Bedroom 15.57
2 Bedrooms 31.56
3 Bedrooms 32.14
4 Bedrooms 12.20
5 or more bedrooms 2.40