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 13,997 people, 4,776 houses or apartments, and a median cost of homes of $328,807, Port Orchard 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 Orchard, accounting for 61.89% of the city's housing units. Other types of housing that are prevalent in Port Orchard include large apartment complexes or high rise apartments ( 18.59%), duplexes, homes converted to apartments or other small apartment buildings ( 9.80%), and a few row houses and other attached homes ( 6.67%).
The most prevalent building size and type in Port Orchard are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.25% owning and 40.75% renting.
There is a lot of housing in Port Orchard 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 Orchard built between 2000 and later ( 32.11%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.81%). There's also some housing in Port Orchard built before 1939 ( 9.32%).
Vacant housing appears to be an issue in Port Orchard. Fully 12.53% of the housing stock is classified as vacant. Left unchecked, vacant Port Orchard homes and apartments can be a drag on the real estate market, holding Port Orchard 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.
Appreciation rates for homes in Port Orchard have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 29.18%, which ranks in the top 30% nationwide. This equates to an annual average Port Orchard house appreciation rate of 2.59%.
Over the last year, Port Orchard appreciation rates have trailed the rest of the nation. In the last twelve months, Port Orchard's appreciation rate has been 2.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Port Orchard were at 1.17%, which equates to an annual appreciation rate of 4.76%.
Relative to Washington, our data show that Port Orchard's latest annual appreciation rate is lower 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 Orchard differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Port Orchard - 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 Orchard real estate investment or home purchase decisions.
|$1,028,001 - $1,371,000||2.0|
|$685,001 - $1,028,000||2.5|
|$548,001 - $685,000||7.0|
|$411,001 - $548,000||19.9|
|$274,001 - $411,000||31.3|
|$137,001 - $274,000||28.3|
|$68,001 - $137,000||3.1|
|$0 - $68,000||5.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
2000 Q1 - 2019 Q2
|* 10 is highest|
|AGE OF Port Orchard HOMES|
|2000 or Newer||32.1|
|1970 - 1999||42.8|
|1940 - 1969||15.8|
|1939 or Older||9.3|
|TYPE OF Port Orchard HOMES|
|Small Apt. Buildings||9.8|
|SIZE OF Port Orchard HOMES|
|5 or more bedrooms||4.07|