Lynnwood, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Lynnwood Housing Market Information

With a population of 38,273, 14,088 total housing units (homes and apartments), and a median house value of $462,159, 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%).

Lynnwood Home Appreciation Rates

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 40.41% over the last ten years, which is an average annual home appreciation rate of 3.45%, 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.

NeighborhoodScout's data show that during the latest twelve months, Lynnwood's appreciation rate, at 5.33%, has been at or slightly above the national average. In the latest quarter, Lynnwood's appreciation rate has been -0.23%, which annualizes to a rate of -0.93%.

Relative to Washington, our data show that Lynnwood's latest annual appreciation rate is lower 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:
$462,159

Lynnwood, WA HOME PRICES

Value Range
> $1,409,000 0.2
$1,057,001 - $1,409,000 0.6
$704,001 - $1,057,000 9.1
$564,001 - $704,000 17.7
$422,001 - $564,000 32.7
$282,001 - $422,000 19.2
$141,001 - $282,000 9.3
$71,001 - $141,000 3.1
$0 - $71,000 8.1

Very High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
8.28613138686131 18.0212014134276

Number Of Homes And Apartments:
14,088

Lynnwood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
123.13% 4.26%
9
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,747 / per month

Homeownership Rate

Homeownership
Owners 54.15
Renters 45.85
Vacant 5.40

Housing Market Details

 

Age of Homes

AGE OF Lynnwood HOMES
2000 or Newer 11.8
1970 - 1999 48.9
1940 - 1969 38.4
1939 or Older 1.0

Types of Homes

TYPE OF Lynnwood HOMES
Single-Family 48.0
Townhomes 3.1
Small Apt. Buildings 8.2
Apt. Complexes 37.2
Mobile Homes 3.4
Other 0.0

Home Size

SIZE OF Lynnwood HOMES
No Bedroom 1.97
1 Bedroom 18.40
2 Bedrooms 26.38
3 Bedrooms 33.13
4 Bedrooms 14.93
5 or more bedrooms 5.20