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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 19,448, 8,297 total housing units (homes and apartments), and a median house value of $241,476, 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'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 -1.66%, 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 10.04%, which is higher than appreciation rates in 93.98% 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 1.50%, which equates to an annual appreciation rate of 6.14%.
Relative to Washington, our data show that Port Angeles's latest annual appreciation rate is higher than 50% 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.
|$873,001 - $1,164,000||0.0|
|$582,001 - $873,000||2.1|
|$466,001 - $582,000||2.4|
|$349,001 - $466,000||7.9|
|$233,001 - $349,000||29.3|
|$116,001 - $233,000||50.0|
|$58,001 - $116,000||3.8|
|$0 - $58,000||4.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Port Angeles HOMES|
|2000 or Newer||8.9|
|1970 - 1999||37.9|
|1940 - 1969||32.1|
|1939 or Older||21.1|
|TYPE OF Port Angeles HOMES|
|Small Apt. Buildings||5.8|
|SIZE OF Port Angeles HOMES|
|5 or more bedrooms||2.60|