Lake Stevens, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lake Stevens, 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 Q4 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

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

Lake Stevens Housing Market Information

With 31,679 people, 10,322 houses or apartments, and a median cost of homes of $424,955, Lake Stevens house prices are not only among the most expensive in Washington, Lake Stevens 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 Lake Stevens, accounting for 76.89% of the city's housing units. Other types of housing that are prevalent in Lake Stevens include duplexes, homes converted to apartments or other small apartment buildings ( 7.00%), row houses and other attached homes ( 6.81%), and a few mobile homes or trailers ( 4.74%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lake Stevens. Owner-occupied housing accounts for 72.30% of Lake Stevens's homes, and 78.57% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lake Stevens 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 Lake Stevens built between 2000 and later ( 32.78%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.05%). There's also some housing in Lake Stevens built before 1939 ( 3.87%).

Lake Stevens Home Appreciation Rates

Appreciation rates for homes in Lake Stevens have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.00%, which ranks in the top 40% nationwide. This equates to an annual average Lake Stevens house appreciation rate of 1.14%.

Appreciation rates are so strong in Lake Stevens that despite a nationwide downturn in the housing market, Lake Stevens real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lake Stevens appreciation rates continue to be some of the highest in America, at 12.47%, which is higher than appreciation rates in 96.04% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lake Stevens. Lake Stevens appreciation rates in the latest quarter were at 1.07%, which equates to an annual appreciation rate of 4.35%.

Relative to Washington, our data show that Lake Stevens's latest annual appreciation rate is higher than 70% 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 Lake Stevens differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lake Stevens - 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 Lake Stevens real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$424,955

Lake Stevens, WA HOME PRICES

Value Range
> $1,379,000 1.3
$1,034,001 - $1,379,000 1.6
$689,001 - $1,034,000 5.6
$551,001 - $689,000 5.9
$414,001 - $551,000 23.3
$276,001 - $414,000 43.0
$138,001 - $276,000 13.3
$69,001 - $138,000 2.6
$0 - $69,000 3.4

Very High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
9.03237136334367 17.7304964539007

Number Of Homes And Apartments:
10,322

Lake Stevens Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2017 Q3 - 2017 Q4
Last 12 Months:
2016 Q4 - 2017 Q4
Last 2 Years:
2015 Q4 - 2017 Q4
Last 5 Years:
2012 Q4 - 2017 Q4
Last 10 Years:
2007 Q4 - 2017 Q4
Since 2000:
2000 Q1 - 2017 Q4
92.54% 3.71%
7
9
* 10 is highest


Rent & Ownership

 

Average Market Rent:
$2,541 / per month

Homeownership Rate

Homeownership
Owners 72.30
Renters 27.70
Vacant 5.37

Housing Market Details

 

Age of Homes

AGE OF Lake Stevens HOMES
2000 or Newer 32.8
1970 - 1999 53.3
1940 - 1969 10.0
1939 or Older 3.9

Types of Homes

TYPE OF Lake Stevens HOMES
Single-Family 76.9
Townhomes 6.8
Small Apt. Buildings 7.0
Apt. Complexes 4.6
Mobile Homes 4.7
Other 0.0

Home Size

SIZE OF Lake Stevens HOMES
No Bedroom 0.13
1 Bedroom 4.36
2 Bedrooms 12.59
3 Bedrooms 54.74
4 Bedrooms 23.83
5 or more bedrooms 4.35