North Bend WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



map preview
Please wait, loading your map...

Highest
Lowest




North Bend, 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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

North Bend Housing Market Information

With 7,136 people, 2,485 houses or apartments, and a median cost of homes of $646,589, 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 62.40% of the city's housing units. Other types of housing that are prevalent in North Bend include large apartment complexes or high rise apartments ( 17.58%), duplexes, homes converted to apartments or other small apartment buildings ( 9.02%), and a few mobile homes or trailers ( 7.15%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in North Bend. Owner-occupied housing accounts for 66.12% of North Bend's homes, and 51.20% have either three or four bedrooms, which is average sized relative to America.

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 ( 15.13%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.71%). There's also some housing in North Bend built before 1939 ( 4.17%).

North Bend Home Appreciation Rates

In the last 10 years, North Bend has experienced some of the highest home appreciation rates of any community in the nation. North Bend real estate appreciated 68.41% over the last ten years, which is an average annual home appreciation rate of 5.35%, putting North Bend in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, North Bend definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, North Bend appreciation rates have trailed the rest of the nation. In the last twelve months, North Bend's appreciation rate has been 3.24%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in North Bend were at 1.35%, which equates to an annual appreciation rate of 5.51%.

Relative to Washington, our data show that North Bend's latest annual appreciation rate is lower than 80% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$646,589

North Bend, WA HOME PRICES

Value Range
> $1,311,000 4.2
$983,001 - $1,311,000 7.3
$655,001 - $983,000 35.1
$525,001 - $655,000 18.4
$393,001 - $525,000 17.2
$262,001 - $393,000 8.9
$131,001 - $262,000 4.4
$66,001 - $131,000 0.4
$0 - $66,000 4.1

Very High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
4.30948905109489 8.48056537102473

Number Of Homes And Apartments:
2,485

North Bend Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
127.71% 4.10%
7
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,731 / per month

Homeownership Rate

Homeownership
Owners 66.12
Renters 33.88
Vacant 5.04

Housing Market Details

 

Age of Homes

AGE OF North Bend HOMES
2000 or Newer 14.7
1970 - 1999 66.0
1940 - 1969 15.1
1939 or Older 4.2

Types of Homes

TYPE OF North Bend HOMES
Single-Family 62.4
Townhomes 3.9
Small Apt. Buildings 9.0
Apt. Complexes 17.6
Mobile Homes 7.1
Other 0.0

Home Size

SIZE OF North Bend HOMES
No Bedroom 2.29
1 Bedroom 14.29
2 Bedrooms 26.90
3 Bedrooms 26.79
4 Bedrooms 24.42
5 or more bedrooms 5.31

Popular Neighborhoods in North Bend

Popular Communities Near North Bend, WA

Zip Codes in North Bend, WA