Langley, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Langley, WA Real Estate Data


Langley Housing Market Information

With 1,077 people, 577 houses or apartments, and a median cost of homes of $475,594, Langley house prices are not only among the most expensive in Washington, Langley 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 Langley, accounting for 68.48% of the city's housing units. Other types of housing that are prevalent in Langley include duplexes, homes converted to apartments or other small apartment buildings ( 17.08%), large apartment complexes or high rise apartments ( 9.13%), and a few row houses and other attached homes ( 4.57%).

People in Langley primarily live in small (one, two or no bedroom) single-family detached homes. Langley has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Langley 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 Langley built between 1940-1969 ( 24.45%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.53%). There's also some housing in Langley built before 1939 ( 8.10%).

Vacant housing appears to be an issue in Langley. Fully 15.02% of the housing stock is classified as vacant. Left unchecked, vacant Langley homes and apartments can be a drag on the real estate market, holding Langley real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Langley Home Appreciation Rates

Real estate appreciation rates in Langley's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.29% during the period.

Appreciation rates are so strong in Langley that despite a nationwide downturn in the housing market, Langley real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Langley appreciation rates continue to be some of the highest in America, at 8.12%, which is higher than appreciation rates in 92.07% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Langley. Langley appreciation rates in the latest quarter were at 1.84%, which equates to an annual appreciation rate of 7.57%.

Relative to Washington, our data show that Langley's latest annual appreciation rate is higher than 50% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$475,594

Langley, WA HOME PRICES

Value Range
> $1,181,000 3.7
$885,001 - $1,181,000 7.2
$590,001 - $885,000 22.4
$472,001 - $590,000 17.3
$354,001 - $472,000 23.6
$236,001 - $354,000 15.8
$118,001 - $236,000 8.4
$59,001 - $118,000 0.3
$0 - $59,000 1.3

Very High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
6.89816712537331 12.7659574468085

Number Of Homes And Apartments:
577

Rent & Ownership

 

Average Market Rent:
$1,143 / per month

Homeownership Rate

Homeownership
Owners 50.43
Renters 49.57
Vacant 15.02

Housing Market Details

 

Age of Homes

AGE OF Langley HOMES
2000 or Newer 22.5
1970 - 1999 44.9
1940 - 1969 24.4
1939 or Older 8.1

Types of Homes

TYPE OF Langley HOMES
Single-Family 68.5
Townhomes 4.6
Small Apt. Buildings 17.1
Apt. Complexes 9.1
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Langley HOMES
No Bedroom 1.03
1 Bedroom 12.96
2 Bedrooms 43.30
3 Bedrooms 33.87
4 Bedrooms 5.74
5 or more bedrooms 3.09

Langley 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
66.77% 3.05% 6 8
* 10 is highest

Popular Neighborhoods in Langley

Zip Codes in Langley, WA