Prosser, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Prosser Neighborhoods Since 2000




Prosser, 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

Prosser Housing Market Information

With 5,869 people, 2,146 houses or apartments, and a median cost of homes of $185,359, Prosser real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Prosser, accounting for 60.67% of the city's housing units. Other types of housing that are prevalent in Prosser include large apartment complexes or high rise apartments ( 22.08%), mobile homes or trailers ( 12.60%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.13%).

The most prevalent building size and type in Prosser are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.25% owning and 39.75% renting.

There is a lot of housing in Prosser 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 Prosser built between 1940-1969 ( 33.64%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.04%). There's also some housing in Prosser built before 1939 ( 9.13%).

Prosser Home Appreciation Rates

In the last 10 years, Prosser has experienced some of the highest home appreciation rates of any community in the nation. Prosser real estate appreciated 34.82% over the last ten years, which is an average annual home appreciation rate of 3.03%, putting Prosser in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Prosser 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 Prosser that despite a nationwide downturn in the housing market, Prosser real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Prosser appreciation rates continue to be some of the highest in America, at 9.41%, which is higher than appreciation rates in 92.10% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Prosser. Prosser appreciation rates in the latest quarter were at 2.81%, which equates to an annual appreciation rate of 11.71%.

Importantly, this makes Prosser 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 Prosser's latest annual appreciation rate is lower than 50% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$185,359

Prosser, WA HOME PRICES

Value Range
> $1,193,000 0.0
$895,001 - $1,193,000 0.0
$596,001 - $895,000 0.9
$477,001 - $596,000 1.9
$358,001 - $477,000 3.7
$239,001 - $358,000 22.6
$119,001 - $239,000 52.1
$59,001 - $119,000 8.3
$0 - $59,000 10.5

Low for WA
High for Nation

Value Relative to Nation Value Relative to State
36.2826672916911 79.0780141843972

Number Of Homes And Apartments:
2,146

Prosser 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
74.38% 3.28% 7 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$828 / per month

Homeownership Rate

Homeownership
Owners 60.25
Renters 39.75
Vacant 6.74

Housing Market Details

 

Age of Homes

AGE OF Prosser HOMES
2000 or Newer 13.0
1970 - 1999 44.2
1940 - 1969 33.6
1939 or Older 9.1

Types of Homes

TYPE OF Prosser HOMES
Single-Family 60.7
Townhomes 1.5
Small Apt. Buildings 3.1
Apt. Complexes 22.1
Mobile Homes 12.6
Other 0.0

Home Size

SIZE OF Prosser HOMES
No Bedroom 3.91
1 Bedroom 9.39
2 Bedrooms 26.99
3 Bedrooms 47.98
4 Bedrooms 7.82
5 or more bedrooms 3.91

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Zip Codes in Prosser, WA