Puyallup, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Puyallup, 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 Q2 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Puyallup Housing Market Information

With a population of 40,640, 15,464 total housing units (homes and apartments), and a median house value of $372,738, real estate costs in Puyallup are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Washington communities.

Single-family detached homes are the single most common housing type in Puyallup, accounting for 57.24% of the city's housing units. Other types of housing that are prevalent in Puyallup include large apartment complexes or high rise apartments ( 29.44%), duplexes, homes converted to apartments or other small apartment buildings ( 8.42%), and a few row houses and other attached homes ( 3.56%).

The most prevalent building size and type in Puyallup are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.58% owning and 48.42% renting.

There is a lot of housing in Puyallup 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 Puyallup built between 1940-1969 ( 18.79%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.56%). There's also some housing in Puyallup built before 1939 ( 9.23%).

Puyallup Home Appreciation Rates

Appreciation rates for homes in Puyallup have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 13.04%, which ranks in the top 40% nationwide. This equates to an annual average Puyallup house appreciation rate of 1.23%.

Appreciation rates are so strong in Puyallup that despite a nationwide downturn in the housing market, Puyallup real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Puyallup appreciation rates continue to be some of the highest in America, at 8.66%, which is higher than appreciation rates in 90.87% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Puyallup. Puyallup appreciation rates in the latest quarter were at 3.10%, which equates to an annual appreciation rate of 12.99%.

Importantly, this makes Puyallup 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 Puyallup'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 Puyallup differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Puyallup - 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 Puyallup real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$372,738

Puyallup, WA HOME PRICES

Value Range
> $1,435,000 0.3
$1,076,001 - $1,435,000 0.5
$718,001 - $1,076,000 3.3
$574,001 - $718,000 6.4
$430,001 - $574,000 20.4
$287,001 - $430,000 39.2
$143,001 - $287,000 23.3
$72,001 - $143,000 2.8
$0 - $72,000 4.0

High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
12.5080291970803 29.6819787985866

Number Of Homes And Apartments:
15,464

Puyallup Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2018 Q1 - 2018 Q2
Last 12 Months:
2017 Q2 - 2018 Q2
Last 2 Years:
2016 Q2 - 2018 Q2
Last 5 Years:
2013 Q2 - 2018 Q2
Last 10 Years:
2008 Q2 - 2018 Q2
Since 2000:
2000 Q1 - 2018 Q2
97.62% 3.75%
7
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,928 / per month

Homeownership Rate

Homeownership
Owners 51.58
Renters 48.42
Vacant 6.40

Housing Market Details

 

Age of Homes

AGE OF Puyallup HOMES
2000 or Newer 18.6
1970 - 1999 53.4
1940 - 1969 18.8
1939 or Older 9.2

Types of Homes

TYPE OF Puyallup HOMES
Single-Family 57.2
Townhomes 3.6
Small Apt. Buildings 8.4
Apt. Complexes 29.4
Mobile Homes 0.9
Other 0.4

Home Size

SIZE OF Puyallup HOMES
No Bedroom 2.38
1 Bedroom 15.97
2 Bedrooms 27.85
3 Bedrooms 34.38
4 Bedrooms 16.06
5 or more bedrooms 3.36