Moses Lake, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Moses Lake Neighborhoods Since 2000




Moses Lake, 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

Moses Lake Housing Market Information

With 22,082 people, 7,847 houses or apartments, and a median cost of homes of $172,298, Moses Lake real estate values are some of the lowest in Washington, although compared to real estate around the nation, Moses Lake homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Moses Lake, accounting for 65.01% of the city's housing units. Other types of housing that are prevalent in Moses Lake include large apartment complexes or high rise apartments ( 15.04%), duplexes, homes converted to apartments or other small apartment buildings ( 8.23%), and a few mobile homes or trailers ( 8.21%).

The most prevalent building size and type in Moses Lake are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.90% owning and 47.10% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Moses Lake's housing was primarily built during this period, from the '40s through the '60s. A full 36.25% of the city's housing hails from this era. Other housing ages represented in Moses Lake include homes built between 1970-1999 ( 35.17%) and housing constructed between 2000 and later ( 23.29%). There's also some housing in Moses Lake built before 1939 ( 5.30%).

Moses Lake Home Appreciation Rates

Appreciation rates for homes in Moses Lake have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.69%, which ranks in the top 30% nationwide. This equates to an annual average Moses Lake house appreciation rate of 0.93%.

Appreciation rates are so strong in Moses Lake that despite a nationwide downturn in the housing market, Moses Lake real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Moses Lake appreciation rates continue to be some of the highest in America, at 8.26%, which is higher than appreciation rates in 87.93% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Moses Lake. Moses Lake appreciation rates in the latest quarter were at 1.50%, which equates to an annual appreciation rate of 6.14%.

Relative to Washington, our data show that Moses Lake's latest annual appreciation rate is lower 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 Moses Lake differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Moses Lake - 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 Moses Lake real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$172,298

Moses Lake, WA HOME PRICES

Value Range
> $1,148,000 0.1
$861,001 - $1,148,000 0.0
$574,001 - $861,000 1.6
$459,001 - $574,000 3.9
$344,001 - $459,000 9.0
$229,001 - $344,000 19.5
$115,001 - $229,000 43.7
$57,001 - $115,000 10.1
$0 - $57,000 12.2

Very Low for WA
Average for Nation

Value Relative to Nation Value Relative to State
40.7887026836986 82.2695035460993

Number Of Homes And Apartments:
7,847

Moses Lake 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
58.61% 2.71% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,091 / per month

Homeownership Rate

Homeownership
Owners 52.90
Renters 47.10
Vacant 8.45

Housing Market Details

 

Age of Homes

AGE OF Moses Lake HOMES
2000 or Newer 23.3
1970 - 1999 35.2
1940 - 1969 36.3
1939 or Older 5.3

Types of Homes

TYPE OF Moses Lake HOMES
Single-Family 65.0
Townhomes 3.3
Small Apt. Buildings 8.2
Apt. Complexes 15.0
Mobile Homes 8.2
Other 0.2

Home Size

SIZE OF Moses Lake HOMES
No Bedroom 2.68
1 Bedroom 7.56
2 Bedrooms 27.45
3 Bedrooms 36.89
4 Bedrooms 19.08
5 or more bedrooms 6.34

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Zip Codes in Moses Lake, WA