East Wenatchee, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating East Wenatchee Neighborhoods Since 2000




East Wenatchee, WA Real Estate Data


East Wenatchee Housing Market Information

With a population of 13,659, 4,939 total housing units (homes and apartments), and a median house value of $263,306, East Wenatchee real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in East Wenatchee, accounting for 55.86% of the city's housing units. Other types of housing that are prevalent in East Wenatchee include duplexes, homes converted to apartments or other small apartment buildings ( 15.95%), large apartment complexes or high rise apartments ( 13.83%), and a few mobile homes or trailers ( 8.57%).

The most prevalent building size and type in East Wenatchee are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.06% owning and 37.94% renting.

There is a lot of housing in East Wenatchee 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 East Wenatchee built between 1940-1969 ( 27.39%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.23%). There's also some housing in East Wenatchee built before 1939 ( 1.55%).

East Wenatchee Home Appreciation Rates

In the last 10 years, East Wenatchee has experienced some of the highest home appreciation rates of any community in the nation. East Wenatchee real estate appreciated 21.85% over the last ten years, which is an average annual home appreciation rate of 2.00%, putting East Wenatchee in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, East Wenatchee definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, East Wenatchee's appreciation rate, at 5.06%, has been at or slightly above the national average. In the latest quarter, East Wenatchee's appreciation rate has been 4.60%, which annualizes to a rate of 19.71%.

Importantly, this makes East Wenatchee 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 East Wenatchee's latest annual appreciation rate is lower than 80% 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 East Wenatchee differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in East Wenatchee - 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 East Wenatchee real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$263,306

East Wenatchee, WA HOME PRICES

Value Range
> $1,250,000 0.2
$938,001 - $1,250,000 0.1
$625,001 - $938,000 1.2
$500,001 - $625,000 2.7
$375,001 - $500,000 9.8
$250,001 - $375,000 40.0
$125,001 - $250,000 32.8
$63,001 - $125,000 5.3
$0 - $63,000 7.9

Average for WA
High for Nation

Value Relative to Nation Value Relative to State
21.2742284944662 49.645390070922

Number Of Homes And Apartments:
4,939

Rent & Ownership

 

Average Market Rent:
$1,136 / per month

Homeownership Rate

Homeownership
Owners 62.06
Renters 37.94
Vacant 5.78

Housing Market Details

 

Age of Homes

AGE OF East Wenatchee HOMES
2000 or Newer 14.2
1970 - 1999 56.8
1940 - 1969 27.4
1939 or Older 1.5

Types of Homes

TYPE OF East Wenatchee HOMES
Single-Family 55.9
Townhomes 5.1
Small Apt. Buildings 15.9
Apt. Complexes 13.8
Mobile Homes 8.6
Other 0.7

Home Size

SIZE OF East Wenatchee HOMES
No Bedroom 1.56
1 Bedroom 7.75
2 Bedrooms 31.25
3 Bedrooms 36.82
4 Bedrooms 17.53
5 or more bedrooms 5.09

East Wenatchee Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
90.47% 3.86% 9 10
* 10 is highest

Zip Codes in East Wenatchee, WA