Puyallup, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Puyallup Neighborhoods Since 2000




Puyallup, WA Real Estate Data


Puyallup Housing Market Information

With a population of 39,659, 14,966 total housing units (homes and apartments), and a median house value of $322,470, 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 56.28% of the city's housing units. Other types of housing that are prevalent in Puyallup include large apartment complexes or high rise apartments ( 29.43%), duplexes, homes converted to apartments or other small apartment buildings ( 9.69%), and a few row houses and other attached homes ( 3.71%).

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 49.81% owning and 50.19% 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 ( 19.55%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.76%). There's also some housing in Puyallup built before 1939 ( 8.99%).

Puyallup Home Appreciation Rates

Real estate appreciation rates in Puyallup's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.10% during the period.

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 10.64%, which is higher than appreciation rates in 98.45% 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 4.49%, which equates to an annual appreciation rate of 19.19%.

Importantly, NeighborhoodScout’s exclusive research found that Puyallup's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which 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 70% 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:
$322,470

Puyallup, WA HOME PRICES

Value Range
> $1,326,000 0.1
$994,001 - $1,326,000 0.5
$663,001 - $994,000 2.9
$530,001 - $663,000 6.4
$398,001 - $530,000 19.2
$265,001 - $398,000 40.1
$132,001 - $265,000 22.1
$66,001 - $132,000 2.9
$0 - $66,000 5.7

High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
14.7684019441354 33.3333333333333

Number Of Homes And Apartments:
14,966

Rent & Ownership

 

Average Market Rent:
$1,505 / per month

Homeownership Rate

Homeownership
Owners 49.81
Renters 50.19
Vacant 6.96

Housing Market Details

 

Age of Homes

AGE OF Puyallup HOMES
2000 or Newer 18.8
1970 - 1999 52.7
1940 - 1969 19.6
1939 or Older 9.0

Types of Homes

TYPE OF Puyallup HOMES
Single-Family 56.3
Townhomes 3.7
Small Apt. Buildings 9.7
Apt. Complexes 29.4
Mobile Homes 0.5
Other 0.4

Home Size

SIZE OF Puyallup HOMES
No Bedroom 1.06
1 Bedroom 18.66
2 Bedrooms 26.50
3 Bedrooms 35.81
4 Bedrooms 14.70
5 or more bedrooms 3.26

Puyallup Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
71.66% 3.23% 7 9
* 10 is highest