Everett, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q3 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (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 109,043, 42,221 total housing units (homes and apartments), and a median house value of $373,706, 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 43.48% of the city's housing units. Other types of housing that are prevalent in Everett include large apartment complexes or high rise apartments ( 37.49%), duplexes, homes converted to apartments or other small apartment buildings ( 11.88%), and a few row houses and other attached homes ( 4.39%).

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 ( 22.10%). A lesser amount of the housing stock also hails from before 1939 ( 15.82%). There's also some housing in Everett built between 2000 and later ( 13.80%).

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 32.23% over the last ten years, which is an average annual home appreciation rate of 2.83%, 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.

Appreciation rates are so strong in Everett that despite a nationwide downturn in the housing market, Everett real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Everett appreciation rates continue to be some of the highest in America, at 12.61%, which is higher than appreciation rates in 98.31% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Everett. Everett appreciation rates in the latest quarter were at 5.12%, which equates to an annual appreciation rate of 22.13%.

Importantly, NeighborhoodScout’s exclusive research found that Everett's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Washington, our data show that Everett's latest annual appreciation rate is higher 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:
$373,706

Everett, WA HOME PRICES

Value Range
> $1,597,000 0.8
$1,197,001 - $1,597,000 0.8
$798,001 - $1,197,000 3.8
$639,001 - $798,000 4.0
$479,001 - $639,000 17.5
$319,001 - $479,000 38.2
$160,001 - $319,000 27.4
$80,001 - $160,000 3.6
$0 - $80,000 3.9

High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
13.0160583941606 33.9222614840989

Number Of Homes And Apartments:
42,221

Everett Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
Since 2000:
2000 Q1 - 2018 Q3
117.40% 4.23%
8
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,933 / per month

Homeownership Rate

Homeownership
Owners 42.34
Renters 57.66
Vacant 7.18

Housing Market Details

 

Age of Homes

AGE OF Everett HOMES
2000 or Newer 13.8
1970 - 1999 48.3
1940 - 1969 22.1
1939 or Older 15.8

Types of Homes

TYPE OF Everett HOMES
Single-Family 43.5
Townhomes 4.4
Small Apt. Buildings 11.9
Apt. Complexes 37.5
Mobile Homes 2.7
Other 0.1

Home Size

SIZE OF Everett HOMES
No Bedroom 3.23
1 Bedroom 18.06
2 Bedrooms 36.12
3 Bedrooms 29.98
4 Bedrooms 10.09
5 or more bedrooms 2.53