Lake Stevens, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lake Stevens, WA Real Estate Data


Lake Stevens Housing Market Information

With 30,886 people, 10,026 houses or apartments, and a median cost of homes of $351,497, real estate costs in Lake Stevens are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Washington communities.

Single-family detached homes are the single most common housing type in Lake Stevens, accounting for 72.53% 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 ( 9.37%), mobile homes or trailers ( 6.65%), and a few large apartment complexes or high rise apartments ( 5.76%).

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 71.64% of Lake Stevens's homes, and 75.69% 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 ( 26.69%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.28%). There's also some housing in Lake Stevens built before 1939 ( 4.57%).

Lake Stevens Home Appreciation Rates

Real estate appreciation rates in Lake Stevens's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.27% during the period.

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 10.90%, which is higher than appreciation rates in 98.69% 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 4.49%, which equates to an annual appreciation rate of 19.19%.

Importantly, NeighborhoodScout’s exclusive research found that Lake Stevens's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Washington, our data show that Lake Stevens's latest annual appreciation rate is higher than 80% 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:
$351,497

Lake Stevens, WA HOME PRICES

Value Range
> $1,391,000 0.8
$1,043,001 - $1,391,000 1.4
$696,001 - $1,043,000 4.1
$556,001 - $696,000 3.1
$417,001 - $556,000 16.3
$278,001 - $417,000 49.5
$139,001 - $278,000 18.2
$69,001 - $139,000 3.3
$0 - $69,000 3.2

High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
12.4553493002284 27.3049645390071

Number Of Homes And Apartments:
10,026

Rent & Ownership

 

Average Market Rent:
$1,928 / per month

Homeownership Rate

Homeownership
Owners 71.64
Renters 28.36
Vacant 6.39

Housing Market Details

 

Age of Homes

AGE OF Lake Stevens HOMES
2000 or Newer 26.7
1970 - 1999 58.5
1940 - 1969 10.3
1939 or Older 4.6

Types of Homes

TYPE OF Lake Stevens HOMES
Single-Family 72.5
Townhomes 5.7
Small Apt. Buildings 9.4
Apt. Complexes 5.8
Mobile Homes 6.6
Other 0.0

Home Size

SIZE OF Lake Stevens HOMES
No Bedroom 0.53
1 Bedroom 6.29
2 Bedrooms 13.86
3 Bedrooms 51.47
4 Bedrooms 24.22
5 or more bedrooms 3.63

Lake Stevens 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
67.35% 3.08% 6 8
* 10 is highest