Mead, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Mead, 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

Mead Housing Market Information

With a population of 7,612, 2,826 total housing units (homes and apartments), and a median house value of $292,128, Mead real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Mead, accounting for 69.27% of the town's housing units. Other types of housing that are prevalent in Mead include mobile homes or trailers ( 28.30%), duplexes, homes converted to apartments or other small apartment buildings ( 2.43%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mead. Owner-occupied housing accounts for 84.65% of Mead's homes, and 74.87% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mead 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 Mead built between 1940-1969 ( 12.13%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.18%). There's also some housing in Mead built before 1939 ( 2.46%).

Mead Home Appreciation Rates

Real estate appreciation rates in Mead's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.14% during the period.

Appreciation rates are so strong in Mead that despite a nationwide downturn in the housing market, Mead real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mead appreciation rates continue to be some of the highest in America, at 8.10%, which is higher than appreciation rates in 87.20% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mead. Mead appreciation rates in the latest quarter were at 0.21%, which equates to an annual appreciation rate of 0.83%.

Relative to Washington, our data show that Mead's latest annual appreciation rate is lower than 70% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$292,128

Mead, WA HOME PRICES

Value Range
> $1,203,000 0.4
$902,001 - $1,203,000 1.4
$601,001 - $902,000 8.8
$481,001 - $601,000 7.2
$361,001 - $481,000 16.3
$241,001 - $361,000 27.4
$120,001 - $241,000 19.5
$60,001 - $120,000 5.7
$0 - $60,000 13.3

Average for WA
Very High for Nation

Value Relative to Nation Value Relative to State
16.9928512832533 40.7801418439716

Number Of Homes And Apartments:
2,826

Mead 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
58.27% 2.70% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,222 / per month

Homeownership Rate

Homeownership
Owners 84.65
Renters 15.35
Vacant 4.78

Housing Market Details

 

Age of Homes

AGE OF Mead HOMES
2000 or Newer 10.2
1970 - 1999 75.2
1940 - 1969 12.1
1939 or Older 2.5

Types of Homes

TYPE OF Mead HOMES
Single-Family 69.3
Townhomes 0.0
Small Apt. Buildings 2.4
Apt. Complexes 0.0
Mobile Homes 28.3
Other 0.0

Home Size

SIZE OF Mead HOMES
No Bedroom 0.00
1 Bedroom 2.83
2 Bedrooms 14.59
3 Bedrooms 46.53
4 Bedrooms 28.34
5 or more bedrooms 7.72

Popular Neighborhoods in Mead

Zip Codes in Mead, WA