Renton, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Renton, 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

Renton Housing Market Information

With a population of 100,953, 38,460 total housing units (homes and apartments), and a median house value of $447,698, Renton house prices are not only among the most expensive in Washington, Renton real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Renton, accounting for 50.74% of the city's housing units. Other types of housing that are prevalent in Renton include large apartment complexes or high rise apartments ( 35.90%), duplexes, homes converted to apartments or other small apartment buildings ( 6.95%), and a few row houses and other attached homes ( 4.30%).

The most prevalent building size and type in Renton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.59% owning and 48.41% renting.

There is a lot of housing in Renton 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 Renton built between 2000 and later ( 26.00%). A lesser amount of the housing stock also hails from between 1940-1969 ( 24.14%). There's also some housing in Renton built before 1939 ( 4.08%).

Renton Home Appreciation Rates

In the last 10 years, Renton has experienced some of the highest home appreciation rates of any community in the nation. Renton real estate appreciated 26.98% over the last ten years, which is an average annual home appreciation rate of 2.42%, putting Renton in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Renton 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 Renton that despite a nationwide downturn in the housing market, Renton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Renton appreciation rates continue to be some of the highest in America, at 10.42%, which is higher than appreciation rates in 96.37% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Renton. Renton appreciation rates in the latest quarter were at 3.10%, which equates to an annual appreciation rate of 12.99%.

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

Average Home Values

 

Median Home Value:
$447,698

Renton, WA HOME PRICES

Value Range
> $1,516,000 0.9
$1,137,001 - $1,516,000 1.3
$758,001 - $1,137,000 10.1
$606,001 - $758,000 12.3
$455,001 - $606,000 26.9
$303,001 - $455,000 26.1
$152,001 - $303,000 15.6
$76,001 - $152,000 2.5
$0 - $76,000 4.4

Very High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
8.76496350364964 18.0212014134276

Number Of Homes And Apartments:
38,460

Renton 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
115.40% 4.23%
9
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,373 / per month

Homeownership Rate

Homeownership
Owners 51.59
Renters 48.41
Vacant 4.93

Housing Market Details

 

Age of Homes

AGE OF Renton HOMES
2000 or Newer 26.0
1970 - 1999 45.8
1940 - 1969 24.1
1939 or Older 4.1

Types of Homes

TYPE OF Renton HOMES
Single-Family 50.7
Townhomes 4.3
Small Apt. Buildings 6.9
Apt. Complexes 35.9
Mobile Homes 2.0
Other 0.1

Home Size

SIZE OF Renton HOMES
No Bedroom 3.22
1 Bedroom 13.96
2 Bedrooms 30.18
3 Bedrooms 31.38
4 Bedrooms 16.36
5 or more bedrooms 4.90