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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 87,701 people, 35,511 houses or apartments, and a median cost of homes of $703,038, 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 55.41% of the city's housing units. Other types of housing that are prevalent in Kirkland include large apartment complexes or high rise apartments ( 32.95%), row houses and other attached homes ( 5.88%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.50%).
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 62.94% owning and 37.06% 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 ( 21.05%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.86%). There's also some housing in Kirkland built before 1939 ( 2.69%).
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 50.88% over the last ten years, which is an average annual home appreciation rate of 4.20%, 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.
Appreciation rates are so strong in Kirkland that despite a nationwide downturn in the housing market, Kirkland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Kirkland appreciation rates continue to be some of the highest in America, at 12.68%, which is higher than appreciation rates in 98.83% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Kirkland. Kirkland appreciation rates in the latest quarter were at 3.10%, which equates to an annual appreciation rate of 12.99%.
Importantly, this makes Kirkland one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Washington, our data show that Kirkland's latest annual appreciation rate is higher than 90% 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.
|$1,176,001 - $1,568,000||9.8|
|$784,001 - $1,176,000||25.1|
|$627,001 - $784,000||18.9|
|$470,001 - $627,000||17.8|
|$313,001 - $470,000||11.2|
|$157,001 - $313,000||6.9|
|$78,001 - $157,000||0.5|
|$0 - $78,000||1.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q1 - 2018 Q2
Last 12 Months:
2017 Q2 - 2018 Q2
Last 2 Years:
2016 Q2 - 2018 Q2
Last 5 Years:
2013 Q2 - 2018 Q2
Last 10 Years:
2008 Q2 - 2018 Q2
2000 Q1 - 2018 Q2
|* 10 is highest|
|AGE OF Kirkland HOMES|
|2000 or Newer||14.9|
|1970 - 1999||61.4|
|1940 - 1969||21.1|
|1939 or Older||2.7|
|TYPE OF Kirkland HOMES|
|Small Apt. Buildings||5.5|
|SIZE OF Kirkland HOMES|
|5 or more bedrooms||5.89|