Newcastle, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Newcastle, 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

Newcastle Housing Market Information

With a population of 11,370, 4,107 total housing units (homes and apartments), and a median house value of $713,597, Newcastle house prices are not only among the most expensive in Washington, Newcastle 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 Newcastle, accounting for 71.92% of the city's housing units. Other types of housing that are prevalent in Newcastle include large apartment complexes or high rise apartments ( 24.07%), row houses and other attached homes ( 1.94%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.24%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Newcastle. Owner-occupied housing accounts for 74.19% of Newcastle's homes, and 57.58% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Newcastle 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 Newcastle built between 2000 and later ( 27.68%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.77%).

Newcastle Home Appreciation Rates

In the last 10 years, Newcastle has experienced some of the highest home appreciation rates of any community in the nation. Newcastle real estate appreciated 15.66% over the last ten years, which is an average annual home appreciation rate of 1.47%, putting Newcastle in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Newcastle 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 Newcastle that despite a nationwide downturn in the housing market, Newcastle real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Newcastle appreciation rates continue to be some of the highest in America, at 13.05%, which is higher than appreciation rates in 98.47% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Newcastle. Newcastle appreciation rates in the latest quarter were at 2.83%, which equates to an annual appreciation rate of 11.81%.

Importantly, this makes Newcastle 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 Newcastle's latest annual appreciation rate is higher than 80% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$713,597

Newcastle, WA HOME PRICES

Value Range
> $1,413,000 5.3
$1,060,001 - $1,413,000 13.8
$707,001 - $1,060,000 33.8
$566,001 - $707,000 18.5
$424,001 - $566,000 10.9
$282,001 - $424,000 9.5
$142,001 - $282,000 7.0
$70,001 - $142,000 0.1
$0 - $70,000 1.1

Very High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
2.5723661080511 3.19148936170213

Number Of Homes And Apartments:
4,107

Newcastle 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
97.67% 4.03% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,288 / per month

Homeownership Rate

Homeownership
Owners 74.19
Renters 25.81
Vacant 4.22

Housing Market Details

 

Age of Homes

AGE OF Newcastle HOMES
2000 or Newer 27.7
1970 - 1999 55.2
1940 - 1969 16.8
1939 or Older 0.3

Types of Homes

TYPE OF Newcastle HOMES
Single-Family 71.9
Townhomes 1.9
Small Apt. Buildings 1.2
Apt. Complexes 24.1
Mobile Homes 0.7
Other 0.1

Home Size

SIZE OF Newcastle HOMES
No Bedroom 2.33
1 Bedroom 10.91
2 Bedrooms 11.96
3 Bedrooms 27.80
4 Bedrooms 29.78
5 or more bedrooms 17.21

Popular Neighborhoods in Newcastle

Zip Codes in Newcastle, WA