Ilwaco, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Ilwaco, WA Real Estate Data


Ilwaco Housing Market Information

With a population of 917, 439 total housing units (homes and apartments), and a median house value of $231,554, Ilwaco real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Ilwaco, accounting for 68.48% of the city's housing units. Other types of housing that are prevalent in Ilwaco include duplexes, homes converted to apartments or other small apartment buildings ( 13.12%), mobile homes or trailers ( 9.88%), and a few large apartment complexes or high rise apartments ( 5.28%).

The most prevalent building size and type in Ilwaco are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.74% owning and 48.26% renting.

There is a lot of housing in Ilwaco 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 Ilwaco built before 1939 ( 35.95%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.84%). There's also some housing in Ilwaco built between 1940-1969 ( 9.03%).

Vacant housing appears to be an issue in Ilwaco. Fully 25.21% of the housing stock is classified as vacant. Left unchecked, vacant Ilwaco homes and apartments can be a drag on the real estate market, holding Ilwaco 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.

Ilwaco Home Appreciation Rates

Appreciation rates for homes in Ilwaco have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.09%, which ranks in the top 50% nationwide. This equates to an annual average Ilwaco house appreciation rate of 0.30%.

Appreciation rates are so strong in Ilwaco that despite a nationwide downturn in the housing market, Ilwaco real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ilwaco appreciation rates continue to be some of the highest in America, at 8.64%, which is higher than appreciation rates in 94.45% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ilwaco. Ilwaco 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 Ilwaco's latest annual appreciation rate is higher than 60% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$231,554

Ilwaco, WA HOME PRICES

Value Range
> $1,181,000 0.2
$885,001 - $1,181,000 1.9
$591,001 - $885,000 2.0
$472,001 - $591,000 3.0
$354,001 - $472,000 13.1
$236,001 - $354,000 23.6
$118,001 - $236,000 37.8
$59,001 - $118,000 11.6
$0 - $59,000 6.8

Low for WA
High for Nation

Value Relative to Nation Value Relative to State
26.2868185278445 60.6382978723404

Number Of Homes And Apartments:
439

Rent & Ownership

 

Average Market Rent:
$1,123 / per month

Homeownership Rate

Homeownership
Owners 51.74
Renters 48.26
Vacant 25.21

Housing Market Details

 

Age of Homes

AGE OF Ilwaco HOMES
2000 or Newer 15.8
1970 - 1999 39.2
1940 - 1969 9.0
1939 or Older 35.9

Types of Homes

TYPE OF Ilwaco HOMES
Single-Family 68.5
Townhomes 1.7
Small Apt. Buildings 13.1
Apt. Complexes 5.3
Mobile Homes 9.9
Other 1.5

Home Size

SIZE OF Ilwaco HOMES
No Bedroom 3.75
1 Bedroom 13.46
2 Bedrooms 23.34
3 Bedrooms 38.67
4 Bedrooms 17.21
5 or more bedrooms 3.58

Ilwaco 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
49.66% 2.40% 2 6
* 10 is highest

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Zip Codes in Ilwaco, WA