Mukilteo, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Mukilteo Neighborhoods Since 2000




Mukilteo, WA Real Estate Data


Mukilteo Housing Market Information

With a population of 21,226, 7,975 total housing units (homes and apartments), and a median house value of $567,657, Mukilteo house prices are not only among the most expensive in Washington, Mukilteo 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 Mukilteo, accounting for 59.14% of the city's housing units. Other types of housing that are prevalent in Mukilteo include large apartment complexes or high rise apartments ( 31.55%), row houses and other attached homes ( 6.20%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.38%).

The most prevalent building size and type in Mukilteo are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.62% owning and 35.38% renting.

There is a lot of housing in Mukilteo 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 Mukilteo built between 2000 and later ( 20.56%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.83%). There's also some housing in Mukilteo built before 1939 ( 3.07%).

Mukilteo Home Appreciation Rates

Appreciation rates for homes in Mukilteo have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.91%, which ranks in the top 40% nationwide. This equates to an annual average Mukilteo house appreciation rate of 1.04%.

Appreciation rates are so strong in Mukilteo that despite a nationwide downturn in the housing market, Mukilteo real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mukilteo appreciation rates continue to be some of the highest in America, at 10.97%, which is higher than appreciation rates in 98.76% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mukilteo. Mukilteo appreciation rates in the latest quarter were at 4.49%, which equates to an annual appreciation rate of 19.19%.

Importantly, this makes Mukilteo 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 Mukilteo's latest annual appreciation rate is higher than 80% 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 Mukilteo differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mukilteo - 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 Mukilteo real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$567,657

Mukilteo, WA HOME PRICES

Value Range
> $1,370,000 2.7
$1,027,001 - $1,370,000 6.2
$685,001 - $1,027,000 21.3
$548,001 - $685,000 24.9
$411,001 - $548,000 19.1
$274,001 - $411,000 14.6
$137,001 - $274,000 7.5
$68,001 - $137,000 1.1
$0 - $68,000 2.5

Very High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
4.66709609416174 7.4468085106383

Number Of Homes And Apartments:
7,975

Rent & Ownership

 

Average Market Rent:
$2,243 / per month

Homeownership Rate

Homeownership
Owners 64.62
Renters 35.38
Vacant 4.23

Housing Market Details

 

Age of Homes

AGE OF Mukilteo HOMES
2000 or Newer 20.6
1970 - 1999 67.5
1940 - 1969 8.8
1939 or Older 3.1

Types of Homes

TYPE OF Mukilteo HOMES
Single-Family 59.1
Townhomes 6.2
Small Apt. Buildings 2.4
Apt. Complexes 31.5
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Mukilteo HOMES
No Bedroom 0.83
1 Bedroom 10.10
2 Bedrooms 25.05
3 Bedrooms 36.27
4 Bedrooms 23.19
5 or more bedrooms 4.56

Mukilteo Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
85.49% 3.70% 9 9
* 10 is highest