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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 38,273, 14,088 total housing units (homes and apartments), and a median house value of $470,758, Lynnwood house prices are not only among the most expensive in Washington, Lynnwood 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 Lynnwood, accounting for 48.03% of the city's housing units. Other types of housing that are prevalent in Lynnwood include large apartment complexes or high rise apartments ( 37.23%), duplexes, homes converted to apartments or other small apartment buildings ( 8.22%), and a few mobile homes or trailers ( 3.40%).
The most prevalent building size and type in Lynnwood are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.15% owning and 45.85% renting.
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 ( 38.39%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.78%).
In the last 10 years, Lynnwood has experienced some of the highest home appreciation rates of any community in the nation. Lynnwood real estate appreciated 40.70% over the last ten years, which is an average annual home appreciation rate of 3.47%, putting Lynnwood in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lynnwood definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
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 10.77%, which is higher than appreciation rates in 95.24% 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 -0.14%, which equates to an annual appreciation rate of -0.57%.
Notably, Lynnwood's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Washington, our data show that Lynnwood's latest annual appreciation rate is higher than 60% 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.
|$1,072,001 - $1,430,000||0.5|
|$715,001 - $1,072,000||8.4|
|$572,001 - $715,000||16.3|
|$429,001 - $572,000||32.2|
|$286,001 - $429,000||20.1|
|$143,001 - $286,000||11.3|
|$71,001 - $143,000||3.3|
|$0 - $71,000||7.8|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q3 - 2018 Q4
Last 12 Months:
2017 Q4 - 2018 Q4
Last 2 Years:
2016 Q4 - 2018 Q4
Last 5 Years:
2013 Q4 - 2018 Q4
Last 10 Years:
2008 Q4 - 2018 Q4
2000 Q1 - 2018 Q4
|* 10 is highest|
|AGE OF Lynnwood HOMES|
|2000 or Newer||11.8|
|1970 - 1999||48.9|
|1940 - 1969||38.4|
|1939 or Older||1.0|
|TYPE OF Lynnwood HOMES|
|Small Apt. Buildings||8.2|
|SIZE OF Lynnwood HOMES|
|5 or more bedrooms||5.20|