Pullman, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Pullman Neighborhoods Since 2000




Pullman, 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

Pullman Housing Market Information

With 32,816 people, 10,732 houses or apartments, and a median cost of homes of $309,569, Pullman real estate prices are well above average cost compared to national prices.

Large apartment complexes or high rise apartments are the single most common housing type in Pullman, accounting for 44.27% of the city's housing units. Other types of housing that are prevalent in Pullman include single-family detached homes ( 29.61%), duplexes, homes converted to apartments or other small apartment buildings ( 18.08%), and a few row houses and other attached homes ( 4.36%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

Pullman is dominated by renter-occupied one, two, or no bedrooms apartments. 77.16% of Pullman's dwellings are rentals.

There is a lot of housing in Pullman 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 Pullman built between 1940-1969 ( 23.24%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.55%). There's also some housing in Pullman built before 1939 ( 7.68%).

Vacant housing appears to be an issue in Pullman. Fully 11.58% of the housing stock is classified as vacant. Left unchecked, vacant Pullman homes and apartments can be a drag on the real estate market, holding Pullman 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.

Pullman Home Appreciation Rates

Appreciation rates for homes in Pullman have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.26%, which ranks in the top 30% nationwide. This equates to an annual average Pullman house appreciation rate of 1.34%.

Appreciation rates are so strong in Pullman that despite a nationwide downturn in the housing market, Pullman real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pullman appreciation rates continue to be some of the highest in America, at 6.07%, which is higher than appreciation rates in 74.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pullman. Pullman 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 Pullman's latest annual appreciation rate is lower 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 Pullman differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Pullman - 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 Pullman real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$309,569

Pullman, WA HOME PRICES

Value Range
> $1,177,000 0.4
$883,001 - $1,177,000 1.4
$589,001 - $883,000 2.0
$471,001 - $589,000 3.7
$353,001 - $471,000 12.2
$235,001 - $353,000 44.7
$118,001 - $235,000 24.3
$59,001 - $118,000 5.4
$0 - $59,000 5.9

High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
15.475213875542 36.8794326241135

Number Of Homes And Apartments:
10,732

Pullman 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
80.50% 3.48% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$959 / per month

Homeownership Rate

Homeownership
Owners 22.84
Renters 77.16
Vacant 11.58

Housing Market Details

 

Age of Homes

AGE OF Pullman HOMES
2000 or Newer 22.5
1970 - 1999 46.5
1940 - 1969 23.2
1939 or Older 7.7

Types of Homes

TYPE OF Pullman HOMES
Single-Family 29.6
Townhomes 4.4
Small Apt. Buildings 18.1
Apt. Complexes 44.3
Mobile Homes 3.6
Other 0.0

Home Size

SIZE OF Pullman HOMES
No Bedroom 3.31
1 Bedroom 16.51
2 Bedrooms 34.73
3 Bedrooms 26.05
4 Bedrooms 14.94
5 or more bedrooms 4.45