Kirkland, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Kirkland, 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Kirkland Housing Market Information

With 88,630 people, 36,127 houses or apartments, and a median cost of homes of $751,663, Kirkland house prices are not only among the most expensive in Washington, Kirkland 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 Kirkland, accounting for 56.09% of the city's housing units. Other types of housing that are prevalent in Kirkland include large apartment complexes or high rise apartments ( 32.69%), row houses and other attached homes ( 5.65%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.21%).

The most prevalent building size and type in Kirkland are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.91% owning and 36.09% renting.

There is a lot of housing in Kirkland 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 Kirkland built between 1940-1969 ( 21.14%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.08%). There's also some housing in Kirkland built before 1939 ( 3.18%).

Kirkland Home Appreciation Rates

In the last 10 years, Kirkland has experienced some of the highest home appreciation rates of any community in the nation. Kirkland real estate appreciated 65.50% over the last ten years, which is an average annual home appreciation rate of 5.17%, putting Kirkland in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Kirkland 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, Kirkland's appreciation rate, at 5.85%, has been at or slightly above the national average. In the latest quarter, Kirkland's appreciation rate has been -0.23%, which annualizes to a rate of -0.93%.

Relative to Washington, our data show that Kirkland's latest annual appreciation rate is lower than 60% 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 Kirkland differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kirkland - 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 Kirkland real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$751,663

Kirkland, WA HOME PRICES

Value Range
> $1,442,000 11.3
$1,082,001 - $1,442,000 13.1
$721,001 - $1,082,000 28.2
$577,001 - $721,000 16.8
$433,001 - $577,000 14.7
$288,001 - $433,000 8.7
$144,001 - $288,000 5.7
$72,001 - $144,000 0.4
$0 - $72,000 1.0

Very High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
2.64525547445255 4.24028268551237

Number Of Homes And Apartments:
36,127

Kirkland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
180.81% 5.51%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,631 / per month

Homeownership Rate

Homeownership
Owners 63.91
Renters 36.09
Vacant 5.16

Housing Market Details

 

Age of Homes

AGE OF Kirkland HOMES
2000 or Newer 15.1
1970 - 1999 60.6
1940 - 1969 21.1
1939 or Older 3.2

Types of Homes

TYPE OF Kirkland HOMES
Single-Family 56.1
Townhomes 5.7
Small Apt. Buildings 5.2
Apt. Complexes 32.7
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Kirkland HOMES
No Bedroom 2.52
1 Bedroom 12.05
2 Bedrooms 27.31
3 Bedrooms 30.25
4 Bedrooms 21.69
5 or more bedrooms 6.20