Lynden, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Lynden Neighborhoods Since 2000




Lynden, 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

Lynden Housing Market Information

With 13,517 people, 4,875 houses or apartments, and a median cost of homes of $339,929, real estate costs in Lynden 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 Lynden, accounting for 67.82% of the city's housing units. Other types of housing that are prevalent in Lynden include large apartment complexes or high rise apartments ( 15.28%), duplexes, homes converted to apartments or other small apartment buildings ( 11.15%), and a few row houses and other attached homes ( 4.00%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lynden. Owner-occupied housing accounts for 69.28% of Lynden's homes, and 61.35% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lynden 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 Lynden built between 2000 and later ( 24.86%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.82%). There's also some housing in Lynden built before 1939 ( 7.81%).

Lynden Home Appreciation Rates

Appreciation rates for homes in Lynden have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.81%, which ranks in the top 40% nationwide. This equates to an annual average Lynden house appreciation rate of 0.57%.

Appreciation rates are so strong in Lynden that despite a nationwide downturn in the housing market, Lynden real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lynden appreciation rates continue to be some of the highest in America, at 10.91%, which is higher than appreciation rates in 95.86% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lynden. Lynden appreciation rates in the latest quarter were at 2.39%, which equates to an annual appreciation rate of 9.91%.

Importantly, this makes Lynden 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 Lynden's latest annual appreciation rate is higher than 60% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$339,929

Lynden, WA HOME PRICES

Value Range
> $1,213,000 1.3
$910,001 - $1,213,000 0.4
$607,001 - $910,000 4.3
$486,001 - $607,000 11.1
$364,001 - $486,000 26.0
$242,001 - $364,000 38.1
$121,001 - $242,000 13.5
$61,001 - $121,000 2.0
$0 - $61,000 3.2

High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
12.9614438063987 28.7234042553192

Number Of Homes And Apartments:
4,875

Lynden 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
92.02% 3.85% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,235 / per month

Homeownership Rate

Homeownership
Owners 69.28
Renters 30.72
Vacant 6.63

Housing Market Details

 

Age of Homes

AGE OF Lynden HOMES
2000 or Newer 24.9
1970 - 1999 55.5
1940 - 1969 11.8
1939 or Older 7.8

Types of Homes

TYPE OF Lynden HOMES
Single-Family 67.8
Townhomes 4.0
Small Apt. Buildings 11.1
Apt. Complexes 15.3
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF Lynden HOMES
No Bedroom 1.70
1 Bedroom 6.67
2 Bedrooms 26.41
3 Bedrooms 45.72
4 Bedrooms 15.63
5 or more bedrooms 3.87

Popular Communities Near Lynden, WA

Zip Codes in Lynden, WA