Lake Stevens, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Lake Stevens Neighborhoods Since 2000




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 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

Lake Stevens Housing Market Information

With 30,886 people, 10,213 houses or apartments, and a median cost of homes of $366,121, 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 73.41% 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 ( 7.70%), row houses and other attached homes ( 6.46%), and a few large apartment complexes or high rise apartments ( 6.29%).

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 71.22% of Lake Stevens's homes, and 76.77% 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 ( 30.32%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.81%). There's also some housing in Lake Stevens built before 1939 ( 3.57%).

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 2.87%, which ranks in the top 50% nationwide. This equates to an annual average Lake Stevens house appreciation rate of 0.28%.

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 11.22%, which is higher than appreciation rates in 96.37% 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 2.83%, which equates to an annual appreciation rate of 11.81%.

Importantly, this makes Lake Stevens 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 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:
$366,121

Lake Stevens, WA HOME PRICES

Value Range
> $1,352,000 0.7
$1,014,001 - $1,352,000 1.5
$676,001 - $1,014,000 4.6
$541,001 - $676,000 3.5
$406,001 - $541,000 19.6
$270,001 - $406,000 45.8
$135,001 - $270,000 17.8
$68,001 - $135,000 2.9
$0 - $68,000 3.6

High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
11.139106996367 24.113475177305

Number Of Homes And Apartments:
10,213

Lake Stevens 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
74.07% 3.27% 6 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,208 / per month

Homeownership Rate

Homeownership
Owners 71.22
Renters 28.78
Vacant 6.06

Housing Market Details

 

Age of Homes

AGE OF Lake Stevens HOMES
2000 or Newer 30.3
1970 - 1999 56.3
1940 - 1969 9.8
1939 or Older 3.6

Types of Homes

TYPE OF Lake Stevens HOMES
Single-Family 73.4
Townhomes 6.5
Small Apt. Buildings 7.7
Apt. Complexes 6.3
Mobile Homes 6.1
Other 0.0

Home Size

SIZE OF Lake Stevens HOMES
No Bedroom 0.25
1 Bedroom 5.27
2 Bedrooms 14.04
3 Bedrooms 54.10
4 Bedrooms 22.66
5 or more bedrooms 3.68