North Bend, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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North Bend, WA Real Estate Data


North Bend Housing Market Information

With a population of 6,679, 2,276 total housing units (homes and apartments), and a median house value of $491,698, North Bend house prices are not only among the most expensive in Washington, North Bend 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 North Bend, accounting for 62.45% of the city's housing units. Other types of housing that are prevalent in North Bend include large apartment complexes or high rise apartments ( 19.71%), duplexes, homes converted to apartments or other small apartment buildings ( 7.80%), and a few mobile homes or trailers ( 5.84%).

The most prevalent building size and type in North Bend are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.91% owning and 38.09% renting.

There is a lot of housing in North Bend 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 North Bend built between 1940-1969 ( 15.51%). A lesser amount of the housing stock also hails from before 1939 ( 8.98%). There's also some housing in North Bend built between 2000 and later ( 7.92%).

North Bend Home Appreciation Rates

Appreciation rates for homes in North Bend have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.86%, which ranks in the top 50% nationwide. This equates to an annual average North Bend house appreciation rate of 0.48%.

Appreciation rates are so strong in North Bend that despite a nationwide downturn in the housing market, North Bend real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, North Bend appreciation rates continue to be some of the highest in America, at 11.06%, which is higher than appreciation rates in 98.88% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in North Bend. North Bend appreciation rates in the latest quarter were at 4.49%, which equates to an annual appreciation rate of 19.19%.

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

Average Home Values

 

Median Home Value:
$491,698

North Bend, WA HOME PRICES

Value Range
> $1,369,000 2.1
$1,027,001 - $1,369,000 0.5
$685,001 - $1,027,000 9.6
$548,001 - $685,000 25.8
$411,001 - $548,000 26.2
$274,001 - $411,000 24.5
$137,001 - $274,000 5.6
$68,001 - $137,000 0.0
$0 - $68,000 5.6

Very High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
6.40042161972243 12.0567375886525

Number Of Homes And Apartments:
2,276

Rent & Ownership

 

Average Market Rent:
$1,781 / per month

Homeownership Rate

Homeownership
Owners 61.91
Renters 38.09
Vacant 7.10

Housing Market Details

 

Age of Homes

AGE OF North Bend HOMES
2000 or Newer 7.9
1970 - 1999 67.6
1940 - 1969 15.5
1939 or Older 9.0

Types of Homes

TYPE OF North Bend HOMES
Single-Family 62.4
Townhomes 4.2
Small Apt. Buildings 7.8
Apt. Complexes 19.7
Mobile Homes 5.8
Other 0.0

Home Size

SIZE OF North Bend HOMES
No Bedroom 0.57
1 Bedroom 14.41
2 Bedrooms 27.31
3 Bedrooms 35.43
4 Bedrooms 19.63
5 or more bedrooms 2.65

North Bend 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
68.79% 3.13% 6 8
* 10 is highest

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Zip Codes in North Bend, WA