Port Orchard, WA Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Port Orchard, WA Housing Market Trends

With 14,597 people, 5,175 houses or apartments, and a median cost of homes of $355,127, 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 63.37% of the city's housing units. Other types of housing that are prevalent in Port Orchard include large apartment complexes or high rise apartments ( 20.60%), duplexes, homes converted to apartments or other small apartment buildings ( 8.03%), and a few row houses and other attached homes ( 4.59%).

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 55.81% owning and 44.19% 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 ( 32.56%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.38%). There's also some housing in Port Orchard built before 1939 ( 8.93%).

Port Orchard Home Appreciation Rates

In the last 10 years, Port Orchard has experienced some of the highest home appreciation rates of any community in the nation. Port Orchard real estate appreciated 67.99% over the last ten years, which is an average annual home appreciation rate of 5.32%, putting Port Orchard in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Port Orchard definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Port Orchard that despite a nationwide downturn in the housing market, Port Orchard real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Port Orchard appreciation rates continue to be some of the highest in America, at 9.39%, which is higher than appreciation rates in 98.16% 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 Orchard. Port Orchard appreciation rates in the latest quarter were at 2.90%, which equates to an annual appreciation rate of 12.12%.

Importantly, this makes Port Orchard 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 Orchard's latest annual appreciation rate is higher than 80% 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.

Average Home Values

 
info

Median Home Value:
$355,127

Port Orchard, WA HOME PRICES

> $1,351,000
0.1%
0.1%
$1,013,001 - $1,351,000
1.9%
1.9%
$675,001 - $1,013,000
3.5%
3.5%
$540,001 - $675,000
9.7%
9.7%
$406,001 - $540,000
29.3%
29.3%
$270,001 - $406,000
30.2%
30.2%
$135,001 - $270,000
17.5%
17.5%
$68,001 - $135,000
2.4%
2.4%
$0 - $68,000
5.4%
5.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for WA

Value Relative To Nation

Number Of Homes And Apartments:
5,175

Port Orchard Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
159.97% 4.65%
9
10
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,693 / per month

Homeownership Rate

Owners
55.8%
55.8%
Renters
44.2%
44.2%
Vacant
7.2%
7.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
32.6%
32.6%
1970 - 1999
40.1%
40.1%
1940 - 1969
18.4%
18.4%
1939 or Older
8.9%
8.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
63.4%
63.4%
Townhomes
4.6%
4.6%
Small Apt. Buildings
8.0%
8.0%
Apt. Complexes
20.6%
20.6%
Mobile Homes
3.4%
3.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.8%
2.8%
1 Bedroom
9.9%
9.9%
2 Bedrooms
26.9%
26.9%
3 Bedrooms
40.6%
40.6%
4 Bedrooms
16.9%
16.9%
5 or more bedrooms
2.9%
2.9%
0.0% 100.0%
% OF HOMES