Pacific, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Pacific Neighborhoods Since 2000




Pacific, 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

Pacific Housing Market Information

With a population of 7,123, 2,356 total housing units (homes and apartments), and a median house value of $259,888, Pacific real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Pacific, accounting for 59.30% of the city's housing units. Other types of housing that are prevalent in Pacific include large apartment complexes or high rise apartments ( 20.27%), duplexes, homes converted to apartments or other small apartment buildings ( 14.20%), and a few mobile homes or trailers ( 4.59%).

The most prevalent building size and type in Pacific are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.60% owning and 46.40% renting.

There is a lot of housing in Pacific 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 Pacific built between 2000 and later ( 21.40%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.07%). There's also some housing in Pacific built before 1939 ( 6.77%).

Pacific Home Appreciation Rates

Real estate appreciation rates in Pacific's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.67% during the period.

Appreciation rates are so strong in Pacific that despite a nationwide downturn in the housing market, Pacific real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pacific appreciation rates continue to be some of the highest in America, at 13.38%, which is higher than appreciation rates in 98.74% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pacific. Pacific appreciation rates in the latest quarter were at 2.83%, which equates to an annual appreciation rate of 11.81%.

Importantly, this makes Pacific 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 Pacific's latest annual appreciation rate is higher than 90% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$259,888

Pacific, WA HOME PRICES

Value Range
> $1,361,000 0.1
$1,021,001 - $1,361,000 0.1
$680,001 - $1,021,000 0.9
$544,001 - $680,000 0.5
$408,001 - $544,000 9.2
$272,001 - $408,000 36.2
$136,001 - $272,000 42.6
$68,001 - $136,000 5.0
$0 - $68,000 5.5

Average for WA
High for Nation

Value Relative to Nation Value Relative to State
21.0476971756709 53.5460992907801

Number Of Homes And Apartments:
2,356

Pacific 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
65.97% 2.98% 5 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,494 / per month

Homeownership Rate

Homeownership
Owners 53.60
Renters 46.40
Vacant 8.33

Housing Market Details

 

Age of Homes

AGE OF Pacific HOMES
2000 or Newer 21.4
1970 - 1999 52.8
1940 - 1969 19.1
1939 or Older 6.8

Types of Homes

TYPE OF Pacific HOMES
Single-Family 59.3
Townhomes 1.6
Small Apt. Buildings 14.2
Apt. Complexes 20.3
Mobile Homes 4.6
Other 0.0

Home Size

SIZE OF Pacific HOMES
No Bedroom 0.00
1 Bedroom 7.47
2 Bedrooms 35.95
3 Bedrooms 37.16
4 Bedrooms 17.59
5 or more bedrooms 1.83

Popular Neighborhoods in Pacific

Zip Codes in Pacific, WA