Lacey, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Lacey Neighborhoods Since 2000




Lacey, 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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Lacey Housing Market Information

With 46,409 people, 17,648 houses or apartments, and a median cost of homes of $260,906, Lacey real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Lacey, accounting for 62.18% of the city's housing units. Other types of housing that are prevalent in Lacey include large apartment complexes or high rise apartments ( 17.74%), duplexes, homes converted to apartments or other small apartment buildings ( 8.50%), and a few row houses and other attached homes ( 6.90%).

The most prevalent building size and type in Lacey are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.09% owning and 47.91% renting.

There is a lot of housing in Lacey 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 Lacey built between 2000 and later ( 33.90%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.13%). There's also some housing in Lacey built before 1939 ( 1.21%).

Lacey Home Appreciation Rates

Lacey's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lacey during the period has been just -0.80%, which is lower than 70% of US communities.

Appreciation rates are so strong in Lacey that despite a nationwide downturn in the housing market, Lacey real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lacey appreciation rates continue to be some of the highest in America, at 9.12%, which is higher than appreciation rates in 91.11% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lacey. Lacey appreciation rates in the latest quarter were at 1.14%, which equates to an annual appreciation rate of 4.65%.

Relative to Washington, our data show that Lacey's latest annual appreciation rate is lower than 50% 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 Lacey differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lacey - 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 Lacey real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$260,906

Lacey, WA HOME PRICES

Value Range
> $1,203,000 0.2
$902,001 - $1,203,000 0.3
$601,001 - $902,000 1.8
$481,001 - $601,000 2.9
$361,001 - $481,000 8.0
$240,001 - $361,000 43.7
$120,001 - $240,000 33.9
$60,001 - $120,000 1.6
$0 - $60,000 7.6

Average for WA
High for Nation

Value Relative to Nation Value Relative to State
20.9363647017462 52.8368794326241

Number Of Homes And Apartments:
17,648

Lacey Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
65.27% 2.96% 4 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,335 / per month

Homeownership Rate

Homeownership
Owners 52.09
Renters 47.91
Vacant 6.05

Housing Market Details

 

Age of Homes

AGE OF Lacey HOMES
2000 or Newer 33.9
1970 - 1999 49.8
1940 - 1969 15.1
1939 or Older 1.2

Types of Homes

TYPE OF Lacey HOMES
Single-Family 62.2
Townhomes 6.9
Small Apt. Buildings 8.5
Apt. Complexes 17.7
Mobile Homes 4.6
Other 0.0

Home Size

SIZE OF Lacey HOMES
No Bedroom 2.03
1 Bedroom 9.36
2 Bedrooms 29.05
3 Bedrooms 42.42
4 Bedrooms 15.36
5 or more bedrooms 1.77