Everett, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



Map Loading GIF Please wait, loading your map...

Highest
Lowest




Everett, 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Everett Housing Market Information

With a population of 110,079, 42,652 total housing units (homes and apartments), and a median house value of $355,468, real estate costs in Everett are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Washington communities.

Single-family detached homes are the single most common housing type in Everett, accounting for 43.85% of the city's housing units. Other types of housing that are prevalent in Everett include large apartment complexes or high rise apartments ( 36.56%), duplexes, homes converted to apartments or other small apartment buildings ( 12.36%), and a few row houses and other attached homes ( 4.19%).

People in Everett primarily live in small (one, two or no bedroom) single-family detached homes. Everett has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Everett 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 Everett built between 1940-1969 ( 21.84%). A lesser amount of the housing stock also hails from before 1939 ( 14.92%). There's also some housing in Everett built between 2000 and later ( 14.81%).

Everett Home Appreciation Rates

In the last 10 years, Everett has experienced some of the highest home appreciation rates of any community in the nation. Everett real estate appreciated 31.71% over the last ten years, which is an average annual home appreciation rate of 2.79%, putting Everett in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Everett 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, Everett's appreciation rate, at 3.78%, has been at or slightly above the national average. In the latest quarter, Everett's appreciation rate has been -0.23%, which annualizes to a rate of -0.93%.

Relative to Washington, our data show that Everett'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 Everett differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Everett - 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 Everett real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$355,468

Everett, WA HOME PRICES

Value Range
> $1,373,000 1.0
$1,030,001 - $1,373,000 1.6
$687,001 - $1,030,000 5.4
$550,001 - $687,000 7.5
$412,001 - $550,000 23.6
$275,001 - $412,000 34.0
$137,001 - $275,000 19.9
$69,001 - $137,000 2.6
$0 - $69,000 4.4

High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
14.0846715328467 34.982332155477

Number Of Homes And Apartments:
42,652

Everett Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
110.98% 3.95%
7
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,783 / per month

Homeownership Rate

Homeownership
Owners 44.37
Renters 55.63
Vacant 7.33

Housing Market Details

 

Age of Homes

AGE OF Everett HOMES
2000 or Newer 14.8
1970 - 1999 48.4
1940 - 1969 21.8
1939 or Older 14.9

Types of Homes

TYPE OF Everett HOMES
Single-Family 43.9
Townhomes 4.2
Small Apt. Buildings 12.4
Apt. Complexes 36.6
Mobile Homes 3.0
Other 0.1

Home Size

SIZE OF Everett HOMES
No Bedroom 3.42
1 Bedroom 17.52
2 Bedrooms 35.99
3 Bedrooms 29.93
4 Bedrooms 10.58
5 or more bedrooms 2.56