Edmonds WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Edmonds, 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Edmonds Housing Market Information

With a population of 42,605, 17,694 total housing units (homes and apartments), and a median house value of $688,361, Edmonds house prices are not only among the most expensive in Washington, Edmonds 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 Edmonds, accounting for 61.14% of the city's housing units. Other types of housing that are prevalent in Edmonds include large apartment complexes or high rise apartments ( 29.32%), duplexes, homes converted to apartments or other small apartment buildings ( 5.30%), and a few row houses and other attached homes ( 3.51%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Edmonds. Owner-occupied housing accounts for 69.55% of Edmonds's homes, and 53.63% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Edmonds's housing was primarily built during this period, from the '40s through the '60s. A full 42.44% of the city's housing hails from this era. Other housing ages represented in Edmonds include homes built between 1970-1999 ( 41.47%) and housing constructed between 2000 and later ( 13.04%). There's also some housing in Edmonds built before 1939 ( 3.05%).

Edmonds Home Appreciation Rates

In the last 10 years, Edmonds has experienced some of the highest home appreciation rates of any community in the nation. Edmonds real estate appreciated 79.65% over the last ten years, which is an average annual home appreciation rate of 6.03%, putting Edmonds in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Edmonds 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, Edmonds's appreciation rate, at 4.67%, has been at or slightly above the national average. In the latest quarter, Edmonds's appreciation rate has been 2.16%, which annualizes to a rate of 8.91%.

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

Average Home Values

 

Median Home Value:
$688,361

Edmonds, WA HOME PRICES

Value Range
> $1,327,000 6.3
$995,001 - $1,327,000 9.5
$663,001 - $995,000 29.0
$531,001 - $663,000 18.6
$398,001 - $531,000 21.0
$265,001 - $398,000 10.1
$133,001 - $265,000 4.2
$66,001 - $133,000 0.5
$0 - $66,000 0.8

Very High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
3.74306569343066 7.77385159010601

Number Of Homes And Apartments:
17,694

Edmonds Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
155.88% 4.63%
9
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,443 / per month

Homeownership Rate

Homeownership
Owners 69.55
Renters 30.45
Vacant 4.32

Housing Market Details

 

Age of Homes

AGE OF Edmonds HOMES
2000 or Newer 13.0
1970 - 1999 41.5
1940 - 1969 42.4
1939 or Older 3.0

Types of Homes

TYPE OF Edmonds HOMES
Single-Family 61.1
Townhomes 3.5
Small Apt. Buildings 5.3
Apt. Complexes 29.3
Mobile Homes 0.5
Other 0.2

Home Size

SIZE OF Edmonds HOMES
No Bedroom 1.37
1 Bedroom 11.26
2 Bedrooms 27.16
3 Bedrooms 34.13
4 Bedrooms 19.49
5 or more bedrooms 6.58