Ellensburg, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Ellensburg, WA Real Estate Data


Ellensburg Housing Market Information

With 19,001 people, 7,103 houses or apartments, and a median cost of homes of $254,990, Ellensburg real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Ellensburg, accounting for 42.65% of the city's housing units. Other types of housing that are prevalent in Ellensburg include large apartment complexes or high rise apartments ( 27.21%), duplexes, homes converted to apartments or other small apartment buildings ( 25.05%), and a few row houses and other attached homes ( 3.22%).

Ellensburg is dominated by renter-occupied one, two, or no bedrooms apartments. 73.71% of Ellensburg's dwellings are rentals.

There is a lot of housing in Ellensburg 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 Ellensburg built between 1940-1969 ( 24.92%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.04%). There's also some housing in Ellensburg built before 1939 ( 11.51%).

Ellensburg Home Appreciation Rates

Real estate appreciation rates in Ellensburg's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.28% during the period.

Appreciation rates are so strong in Ellensburg that despite a nationwide downturn in the housing market, Ellensburg real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ellensburg appreciation rates continue to be some of the highest in America, at 7.89%, which is higher than appreciation rates in 90.87% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ellensburg. Ellensburg appreciation rates in the latest quarter were at 1.84%, which equates to an annual appreciation rate of 7.57%.

Relative to Washington, our data show that Ellensburg's latest annual appreciation rate is higher than 50% 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 Ellensburg differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ellensburg - 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 Ellensburg real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$254,990

Ellensburg, WA HOME PRICES

Value Range
> $1,172,000 0.3
$879,001 - $1,172,000 0.4
$586,001 - $879,000 0.4
$469,001 - $586,000 2.0
$352,001 - $469,000 15.0
$234,001 - $352,000 31.2
$117,001 - $234,000 43.4
$59,001 - $117,000 4.3
$0 - $59,000 3.0

Average for WA
High for Nation

Value Relative to Nation Value Relative to State
22.3282778005504 51.4184397163121

Number Of Homes And Apartments:
7,103

Rent & Ownership

 

Average Market Rent:
$1,070 / per month

Homeownership Rate

Homeownership
Owners 26.29
Renters 73.71
Vacant 7.66

Housing Market Details

 

Age of Homes

AGE OF Ellensburg HOMES
2000 or Newer 17.0
1970 - 1999 46.5
1940 - 1969 24.9
1939 or Older 11.5

Types of Homes

TYPE OF Ellensburg HOMES
Single-Family 42.7
Townhomes 3.2
Small Apt. Buildings 25.1
Apt. Complexes 27.2
Mobile Homes 1.9
Other 0.0

Home Size

SIZE OF Ellensburg HOMES
No Bedroom 6.51
1 Bedroom 17.68
2 Bedrooms 31.90
3 Bedrooms 34.65
4 Bedrooms 6.25
5 or more bedrooms 3.00

Ellensburg 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
55.43% 2.63% 3 7
* 10 is highest