Issaquah, WA Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Issaquah, WA Housing Market Trends

With 39,509 people, 15,525 houses or apartments, and a median cost of homes of $934,085, Issaquah house prices are not only among the most expensive in Washington, Issaquah 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 Issaquah, accounting for 39.32% of the city's housing units. Other types of housing that are prevalent in Issaquah include large apartment complexes or high rise apartments ( 37.16%), row houses and other attached homes ( 16.49%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.86%).

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

Issaquah homes and real estate are some of the newest in America. 52.33% of Issaquah's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Issaquah real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 36.92%), and between 1940-1969 ( 8.91%). There's also some housing in Issaquah built before 1939 ( 1.84%).

Issaquah Home Appreciation Rates

In the last 10 years, Issaquah has experienced some of the highest home appreciation rates of any community in the nation. Issaquah real estate appreciated 93.16% over the last ten years, which is an average annual home appreciation rate of 6.81%, putting Issaquah in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Issaquah 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 Issaquah that despite a nationwide downturn in the housing market, Issaquah real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Issaquah appreciation rates continue to be some of the highest in America, at 6.59%, which is higher than appreciation rates in 78.13% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Issaquah. Issaquah appreciation rates in the latest quarter were at 2.42%, which equates to an annual appreciation rate of 10.03%.

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

Average Home Values

 
info

Median Home Value:
$934,085

Issaquah, WA HOME PRICES

> $1,229,000
21.8%
21.8%
$922,001 - $1,229,000
23.5%
23.5%
$615,001 - $922,000
23.9%
23.9%
$492,001 - $615,000
9.3%
9.3%
$368,001 - $492,000
11.8%
11.8%
$246,001 - $368,000
6.2%
6.2%
$123,001 - $246,000
2.5%
2.5%
$61,001 - $123,000
0.0%
0.0%
$0 - $61,000
0.9%
0.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for WA

Value Relative To Nation

Number Of Homes And Apartments:
15,525

Issaquah Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
153.20% 4.52%
9
10
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$3,132 / per month

Homeownership Rate

Owners
60.6%
60.6%
Renters
39.4%
39.4%
Vacant
3.9%
3.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
52.3%
52.3%
1970 - 1999
36.9%
36.9%
1940 - 1969
8.9%
8.9%
1939 or Older
1.8%
1.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
39.3%
39.3%
Townhomes
16.5%
16.5%
Small Apt. Buildings
6.9%
6.9%
Apt. Complexes
37.2%
37.2%
Mobile Homes
0.2%
0.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.3%
1.3%
1 Bedroom
10.8%
10.8%
2 Bedrooms
35.6%
35.6%
3 Bedrooms
27.5%
27.5%
4 Bedrooms
19.9%
19.9%
5 or more bedrooms
5.0%
5.0%
0.0% 100.0%
% OF HOMES