Kingston, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Kingston, WA Real Estate Data


Kingston Housing Market Information

With a population of 2,110, 908 total housing units (homes and apartments), and a median house value of $403,742, Kingston house prices are not only among the most expensive in Washington, Kingston 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 Kingston, accounting for 67.50% of the town's housing units. Other types of housing that are prevalent in Kingston include large apartment complexes or high rise apartments ( 18.50%), row houses and other attached homes ( 6.81%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.75%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Kingston. Owner-occupied housing accounts for 70.35% of Kingston's homes, and 60.40% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Kingston 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 Kingston built between 2000 and later ( 28.76%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.08%). There's also some housing in Kingston built before 1939 ( 13.71%).

Vacant housing appears to be an issue in Kingston. Fully 12.94% of the housing stock is classified as vacant. Left unchecked, vacant Kingston homes and apartments can be a drag on the real estate market, holding Kingston 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.

Kingston Home Appreciation Rates

Kingston's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Kingston during the period has been just -1.33%, which is lower than 80% of US communities.

Appreciation rates are so strong in Kingston that despite a nationwide downturn in the housing market, Kingston real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Kingston appreciation rates continue to be some of the highest in America, at 9.16%, which is higher than appreciation rates in 96.01% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Kingston. Kingston appreciation rates in the latest quarter were at 5.08%, which equates to an annual appreciation rate of 21.91%.

Importantly, this makes Kingston one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Washington, our data show that Kingston's latest annual appreciation rate is higher than 60% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$403,742

Kingston, WA HOME PRICES

Value Range
> $1,267,000 0.8
$950,001 - $1,267,000 1.5
$633,001 - $950,000 11.7
$507,001 - $633,000 12.4
$380,001 - $507,000 28.2
$253,001 - $380,000 30.1
$127,001 - $253,000 10.0
$63,001 - $127,000 3.8
$0 - $63,000 1.7

Very High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
9.53329039058383 17.0212765957447

Number Of Homes And Apartments:
908

Rent & Ownership

 

Average Market Rent:
$1,568 / per month

Homeownership Rate

Homeownership
Owners 70.35
Renters 29.65
Vacant 12.94

Housing Market Details

 

Age of Homes

AGE OF Kingston HOMES
2000 or Newer 28.8
1970 - 1999 38.4
1940 - 1969 19.1
1939 or Older 13.7

Types of Homes

TYPE OF Kingston HOMES
Single-Family 67.5
Townhomes 6.8
Small Apt. Buildings 5.8
Apt. Complexes 18.5
Mobile Homes 1.4
Other 0.0

Home Size

SIZE OF Kingston HOMES
No Bedroom 0.00
1 Bedroom 6.71
2 Bedrooms 30.58
3 Bedrooms 44.39
4 Bedrooms 16.01
5 or more bedrooms 2.30

Kingston 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
45.62% 2.24% 2 5
* 10 is highest

Popular Neighborhoods in Kingston

Zip Codes in Kingston, WA