Chewelah, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Chewelah, WA Real Estate Data


Chewelah Housing Market Information

With 2,607 people, 1,231 houses or apartments, and a median cost of homes of $129,059, 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.

Chewelah Home Appreciation Rates

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 -0.39% during the period.

Over the last year, Chewelah appreciation rates have trailed the rest of the nation. In the last twelve months, Chewelah's appreciation rate has been 1.68%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chewelah were at -1.21%, which equates to an annual appreciation rate of -4.76%.

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

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

Average Home Values

 

Median Home Value:
$129,059

Chewelah, WA HOME PRICES

Value Range
> $1,071,000 0.0
$803,001 - $1,071,000 0.1
$536,001 - $803,000 0.3
$428,001 - $536,000 0.4
$321,001 - $428,000 1.6
$214,001 - $321,000 12.2
$107,001 - $214,000 57.8
$54,001 - $107,000 18.3
$0 - $54,000 9.2

Very Low for WA
Low for Nation

Value Relative to Nation Value Relative to State
60.1722723543888 96.0992907801418

Number Of Homes And Apartments:
1,231

Rent & Ownership

 

Average Market Rent:
$748 / per month

Homeownership Rate

Homeownership
Owners 50.47
Renters 49.53
Vacant 12.26

Housing Market Details

 

Age of Homes

AGE OF Chewelah HOMES
2000 or Newer 10.8
1970 - 1999 50.9
1940 - 1969 21.8
1939 or Older 16.5

Types of Homes

TYPE OF Chewelah HOMES
Single-Family 56.9
Townhomes 3.4
Small Apt. Buildings 11.8
Apt. Complexes 16.4
Mobile Homes 11.5
Other 0.0

Home Size

SIZE OF Chewelah HOMES
No Bedroom 5.20
1 Bedroom 16.32
2 Bedrooms 26.37
3 Bedrooms 35.78
4 Bedrooms 15.04
5 or more bedrooms 1.28

Chewelah Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
46.45% 2.24% 2 6
* 10 is highest

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