Edgewood, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Edgewood Neighborhoods Since 2000




Edgewood, 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

Edgewood Housing Market Information

With a population of 9,826, 3,632 total housing units (homes and apartments), and a median house value of $410,633, Edgewood house prices are not only among the most expensive in Washington, Edgewood real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Edgewood, accounting for 83.75% of the city's housing units. Other types of housing that are prevalent in Edgewood include mobile homes or trailers ( 5.19%), row houses and other attached homes ( 4.39%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.78%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Edgewood. Owner-occupied housing accounts for 78.95% of Edgewood's homes, and 73.56% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Edgewood 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 Edgewood built between 1940-1969 ( 23.57%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.75%). There's also some housing in Edgewood built before 1939 ( 8.57%).

Edgewood Home Appreciation Rates

Real estate appreciation rates in Edgewood's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.12% during the period.

Appreciation rates are so strong in Edgewood that despite a nationwide downturn in the housing market, Edgewood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Edgewood appreciation rates continue to be some of the highest in America, at 10.05%, which is higher than appreciation rates in 94.01% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Edgewood. Edgewood appreciation rates in the latest quarter were at 2.83%, which equates to an annual appreciation rate of 11.81%.

Importantly, this makes Edgewood 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 Edgewood's latest annual appreciation rate is higher than 50% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$410,633

Edgewood, WA HOME PRICES

Value Range
> $1,314,000 0.1
$986,001 - $1,314,000 1.1
$657,001 - $986,000 13.0
$526,001 - $657,000 8.7
$394,001 - $526,000 30.5
$263,001 - $394,000 31.3
$131,001 - $263,000 10.5
$66,001 - $131,000 1.3
$0 - $66,000 3.5

Very High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
8.95933434899801 16.3120567375887

Number Of Homes And Apartments:
3,632

Edgewood 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
76.93% 3.36% 7 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,608 / per month

Homeownership Rate

Homeownership
Owners 78.95
Renters 21.05
Vacant 3.38

Housing Market Details

 

Age of Homes

AGE OF Edgewood HOMES
2000 or Newer 10.7
1970 - 1999 57.1
1940 - 1969 23.6
1939 or Older 8.6

Types of Homes

TYPE OF Edgewood HOMES
Single-Family 83.7
Townhomes 4.4
Small Apt. Buildings 3.8
Apt. Complexes 2.9
Mobile Homes 5.2
Other 0.0

Home Size

SIZE OF Edgewood HOMES
No Bedroom 0.00
1 Bedroom 3.30
2 Bedrooms 18.30
3 Bedrooms 49.59
4 Bedrooms 23.97
5 or more bedrooms 4.84