Lynnwood, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Lynnwood Neighborhoods Since 2000




Lynnwood, 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

Lynnwood Housing Market Information

With 36,997 people, 13,943 houses or apartments, and a median cost of homes of $372,549, real estate costs in Lynnwood 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 Lynnwood, accounting for 47.83% of the city's housing units. Other types of housing that are prevalent in Lynnwood include large apartment complexes or high rise apartments ( 36.41%), duplexes, homes converted to apartments or other small apartment buildings ( 8.85%), and a few row houses and other attached homes ( 3.59%).

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

There is a lot of housing in Lynnwood 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 Lynnwood built between 1940-1969 ( 37.11%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.80%). There's also some housing in Lynnwood built before 1939 ( 1.22%).

Lynnwood Home Appreciation Rates

Appreciation rates for homes in Lynnwood have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.21%, which ranks in the top 40% nationwide. This equates to an annual average Lynnwood house appreciation rate of 0.70%.

Appreciation rates are so strong in Lynnwood that despite a nationwide downturn in the housing market, Lynnwood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lynnwood appreciation rates continue to be some of the highest in America, at 12.01%, which is higher than appreciation rates in 97.44% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lynnwood. Lynnwood appreciation rates in the latest quarter were at 2.83%, which equates to an annual appreciation rate of 11.81%.

Importantly, this makes Lynnwood 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 Lynnwood'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 Lynnwood differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lynnwood - 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 Lynnwood real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$372,549

Lynnwood, WA HOME PRICES

Value Range
> $1,398,000 0.3
$1,048,001 - $1,398,000 0.1
$699,001 - $1,048,000 2.2
$559,001 - $699,000 8.2
$419,001 - $559,000 28.7
$280,001 - $419,000 31.4
$140,001 - $280,000 15.9
$70,001 - $140,000 4.9
$0 - $70,000 8.3

High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
10.7699519512481 23.0496453900709

Number Of Homes And Apartments:
13,943

Lynnwood 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
79.94% 3.46% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,584 / per month

Homeownership Rate

Homeownership
Owners 50.25
Renters 49.75
Vacant 5.45

Housing Market Details

 

Age of Homes

AGE OF Lynnwood HOMES
2000 or Newer 10.8
1970 - 1999 50.9
1940 - 1969 37.1
1939 or Older 1.2

Types of Homes

TYPE OF Lynnwood HOMES
Single-Family 47.8
Townhomes 3.6
Small Apt. Buildings 8.8
Apt. Complexes 36.4
Mobile Homes 3.1
Other 0.2

Home Size

SIZE OF Lynnwood HOMES
No Bedroom 1.26
1 Bedroom 18.15
2 Bedrooms 29.69
3 Bedrooms 31.21
4 Bedrooms 14.90
5 or more bedrooms 4.79