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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 2,607 people, 1,231 houses or apartments, and a median cost of homes of $137,100, house prices in Chewelah are solidly below the national average.
Single-family detached homes are the single most common housing type in Chewelah, accounting for 56.95% of the city's housing units. Other types of housing that are prevalent in Chewelah include large apartment complexes or high rise apartments ( 16.39%), duplexes, homes converted to apartments or other small apartment buildings ( 11.76%), and a few mobile homes or trailers ( 11.48%).
The most prevalent building size and type in Chewelah are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.47% owning and 49.53% renting.
There is a lot of housing in Chewelah 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 Chewelah built between 1940-1969 ( 21.81%). A lesser amount of the housing stock also hails from before 1939 ( 16.46%). There's also some housing in Chewelah built between 2000 and later ( 10.83%).
Vacant housing appears to be an issue in Chewelah. Fully 12.26% of the housing stock is classified as vacant. Left unchecked, vacant Chewelah homes and apartments can be a drag on the real estate market, holding Chewelah 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.
Real estate appreciation rates in Chewelah's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.09% during the period.
Appreciation rates are so strong in Chewelah that despite a nationwide downturn in the housing market, Chewelah real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Chewelah appreciation rates continue to be some of the highest in America, at 7.67%, which is higher than appreciation rates in 80.41% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Chewelah. Chewelah appreciation rates in the latest quarter were at 5.59%, which equates to an annual appreciation rate of 24.32%.
Importantly, this makes Chewelah 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 Chewelah's latest annual appreciation rate is lower than 80% of the other cities and towns in Washington.
|$853,001 - $1,138,000||0.1|
|$569,001 - $853,000||0.3|
|$455,001 - $569,000||0.4|
|$341,001 - $455,000||1.6|
|$228,001 - $341,000||12.2|
|$114,001 - $228,000||57.8|
|$57,001 - $114,000||18.3|
|$0 - $57,000||9.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
2000 Q1 - 2017 Q2
|* 10 is highest|
|AGE OF Chewelah HOMES|
|2000 or Newer||10.8|
|1970 - 1999||50.9|
|1940 - 1969||21.8|
|1939 or Older||16.5|
|TYPE OF Chewelah HOMES|
|Small Apt. Buildings||11.8|
|SIZE OF Chewelah HOMES|
|5 or more bedrooms||1.28|