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 Q1 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

Everett Housing Market Information

With a population of 111,262, 42,883 total housing units (homes and apartments), and a median house value of $362,350, 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 44.58% of the city's housing units. Other types of housing that are prevalent in Everett include large apartment complexes or high rise apartments ( 36.42%), duplexes, homes converted to apartments or other small apartment buildings ( 11.78%), and a few row houses and other attached homes ( 4.35%).

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 ( 21.83%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.21%). There's also some housing in Everett built before 1939 ( 14.72%).

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 63.20% over the last ten years, which is an average annual home appreciation rate of 5.02%, putting Everett in the top 10% 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 5.16%, has been at or slightly above the national average. In the latest quarter, Everett's appreciation rate has been 0.79%, which annualizes to a rate of 3.18%.

Relative to Washington, our data show that Everett's latest annual appreciation rate is lower than 70% 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:
$362,350

Everett, WA HOME PRICES

Value Range
> $1,314,000 1.5
$985,001 - $1,314,000 1.7
$657,001 - $985,000 5.8
$525,001 - $657,000 9.8
$394,001 - $525,000 25.1
$263,001 - $394,000 32.0
$131,001 - $263,000 17.5
$66,001 - $131,000 2.9
$0 - $66,000 3.7

High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
14.8613138686131 39.2226148409894

Number Of Homes And Apartments:
42,883

Everett Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
123.33% 4.05%
7
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,919 / per month

Homeownership Rate

Homeownership
Owners 43.04
Renters 56.96
Vacant 5.60

Housing Market Details

 

Age of Homes

AGE OF Everett HOMES
2000 or Newer 15.2
1970 - 1999 48.2
1940 - 1969 21.8
1939 or Older 14.7

Types of Homes

TYPE OF Everett HOMES
Single-Family 44.6
Townhomes 4.4
Small Apt. Buildings 11.8
Apt. Complexes 36.4
Mobile Homes 2.8
Other 0.1

Home Size

SIZE OF Everett HOMES
No Bedroom 3.39
1 Bedroom 16.91
2 Bedrooms 35.55
3 Bedrooms 30.96
4 Bedrooms 10.86
5 or more bedrooms 2.32