Freeland, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Freeland Neighborhoods Since 2000




Freeland, 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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Freeland Housing Market Information

With a population of 2,068, 839 total housing units (homes and apartments), and a median house value of $449,156, Freeland house prices are not only among the most expensive in Washington, Freeland 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 Freeland, accounting for 68.15% of the town's housing units. Other types of housing that are prevalent in Freeland include mobile homes or trailers ( 14.54%), duplexes, homes converted to apartments or other small apartment buildings ( 8.70%), and a few large apartment complexes or high rise apartments ( 6.58%).

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

There is a lot of housing in Freeland 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 Freeland built between 2000 and later ( 37.15%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.26%). There's also some housing in Freeland built before 1939 ( 2.34%).

Vacant housing appears to be an issue in Freeland. Fully 10.93% of the housing stock is classified as vacant. Left unchecked, vacant Freeland homes and apartments can be a drag on the real estate market, holding Freeland real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Freeland Home Appreciation Rates

Real estate appreciation rates in Freeland's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.15% during the period.

Appreciation rates are so strong in Freeland that despite a nationwide downturn in the housing market, Freeland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Freeland appreciation rates continue to be some of the highest in America, at 12.97%, which is higher than appreciation rates in 98.42% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Freeland. Freeland appreciation rates in the latest quarter were at 1.50%, which equates to an annual appreciation rate of 6.14%.

Relative to Washington, our data show that Freeland's latest annual appreciation rate is higher than 80% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$449,156

Freeland, WA HOME PRICES

Value Range
> $1,263,000 4.2
$947,001 - $1,263,000 9.1
$632,001 - $947,000 14.6
$505,001 - $632,000 12.5
$379,001 - $505,000 20.9
$252,001 - $379,000 26.2
$126,001 - $252,000 6.4
$63,001 - $126,000 2.6
$0 - $63,000 3.5

Very High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
7.44755654517755 13.8297872340426

Number Of Homes And Apartments:
839

Freeland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
79.72% 3.46% 7 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,212 / per month

Homeownership Rate

Homeownership
Owners 63.89
Renters 36.11
Vacant 10.93

Housing Market Details

 

Age of Homes

AGE OF Freeland HOMES
2000 or Newer 37.2
1970 - 1999 54.2
1940 - 1969 6.3
1939 or Older 2.3

Types of Homes

TYPE OF Freeland HOMES
Single-Family 68.2
Townhomes 2.0
Small Apt. Buildings 8.7
Apt. Complexes 6.6
Mobile Homes 14.5
Other 0.0

Home Size

SIZE OF Freeland HOMES
No Bedroom 1.59
1 Bedroom 12.42
2 Bedrooms 42.68
3 Bedrooms 33.55
4 Bedrooms 8.07
5 or more bedrooms 1.70

Popular Neighborhoods in Freeland

Zip Codes in Freeland, WA