Port Angeles, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Port Angeles Neighborhoods Since 2000




Port Angeles, WA Real Estate Data


Port Angeles Housing Market Information

With 19,448 people, 8,297 houses or apartments, and a median cost of homes of $238,415, Port Angeles real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Port Angeles, accounting for 69.36% of the city's housing units. Other types of housing that are prevalent in Port Angeles include large apartment complexes or high rise apartments ( 18.41%), duplexes, homes converted to apartments or other small apartment buildings ( 5.80%), and a few row houses and other attached homes ( 3.12%).

People in Port Angeles primarily live in small (one, two or no bedroom) single-family detached homes. Port Angeles has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Port Angeles 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 Port Angeles built between 1940-1969 ( 32.11%). A lesser amount of the housing stock also hails from before 1939 ( 21.12%). There's also some housing in Port Angeles built between 2000 and later ( 8.90%).

Vacant housing appears to be an issue in Port Angeles. Fully 12.31% of the housing stock is classified as vacant. Left unchecked, vacant Port Angeles homes and apartments can be a drag on the real estate market, holding Port Angeles real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Port Angeles Home Appreciation Rates

Port Angeles's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Port Angeles during the period has been just -1.67%, which is lower than 80% of US communities.

Appreciation rates are so strong in Port Angeles that despite a nationwide downturn in the housing market, Port Angeles real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Port Angeles appreciation rates continue to be some of the highest in America, at 10.73%, which is higher than appreciation rates in 94.77% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Port Angeles. Port Angeles appreciation rates in the latest quarter were at 2.98%, which equates to an annual appreciation rate of 12.46%.

Importantly, this makes Port Angeles 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 Port Angeles's latest annual appreciation rate is higher than 60% 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 Port Angeles differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Port Angeles - 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 Port Angeles real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$238,415

Port Angeles, WA HOME PRICES

Value Range
> $1,150,000 0.0
$863,001 - $1,150,000 0.0
$575,001 - $863,000 2.1
$460,001 - $575,000 2.4
$345,001 - $460,000 7.9
$230,001 - $345,000 29.3
$115,001 - $230,000 50.0
$58,001 - $115,000 3.8
$0 - $58,000 4.5

Average for WA
High for Nation

Value Relative to Nation Value Relative to State
24.0067971405133 58.8652482269503

Number Of Homes And Apartments:
8,297

Rent & Ownership

 

Average Market Rent:
$1,008 / per month

Homeownership Rate

Homeownership
Owners 54.39
Renters 45.61
Vacant 12.31

Housing Market Details

 

Age of Homes

AGE OF Port Angeles HOMES
2000 or Newer 8.9
1970 - 1999 37.9
1940 - 1969 32.1
1939 or Older 21.1

Types of Homes

TYPE OF Port Angeles HOMES
Single-Family 69.4
Townhomes 3.1
Small Apt. Buildings 5.8
Apt. Complexes 18.4
Mobile Homes 2.8
Other 0.5

Home Size

SIZE OF Port Angeles HOMES
No Bedroom 2.46
1 Bedroom 15.36
2 Bedrooms 32.69
3 Bedrooms 34.71
4 Bedrooms 12.19
5 or more bedrooms 2.60

Port Angeles Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
67.42% 3.03% 6 8
* 10 is highest