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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 29,140, 9,922 total housing units (homes and apartments), and a median house value of $381,751, real estate costs in SeaTac 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 SeaTac, accounting for 48.60% of the city's housing units. Other types of housing that are prevalent in SeaTac include large apartment complexes or high rise apartments ( 36.69%), duplexes, homes converted to apartments or other small apartment buildings ( 6.64%), and a few mobile homes or trailers ( 4.93%).
People in SeaTac primarily live in small (one, two or no bedroom) single-family detached homes. SeaTac has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. SeaTac's housing was primarily built during this period, from the '40s through the '60s. A full 52.32% of the city's housing hails from this era. Other housing ages represented in SeaTac include homes built between 1970-1999 ( 32.40%) and housing constructed between 2000 and later ( 11.94%). There's also some housing in SeaTac built before 1939 ( 3.33%).
In the last 10 years, SeaTac has experienced some of the highest home appreciation rates of any community in the nation. SeaTac real estate appreciated 32.40% over the last ten years, which is an average annual home appreciation rate of 2.85%, putting SeaTac in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, SeaTac 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 SeaTac that despite a nationwide downturn in the housing market, SeaTac real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, SeaTac appreciation rates continue to be some of the highest in America, at 12.29%, which is higher than appreciation rates in 97.87% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in SeaTac. SeaTac appreciation rates in the latest quarter were at 5.12%, which equates to an annual appreciation rate of 22.13%.
Importantly, NeighborhoodScout’s exclusive research found that SeaTac'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 SeaTac'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 SeaTac differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in SeaTac - 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 SeaTac real estate investment or home purchase decisions.
|$1,216,001 - $1,621,000||0.1|
|$810,001 - $1,216,000||6.3|
|$648,001 - $810,000||6.8|
|$486,001 - $648,000||17.1|
|$324,001 - $486,000||39.1|
|$162,001 - $324,000||17.2|
|$81,001 - $162,000||3.2|
|$0 - $81,000||10.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
2000 Q1 - 2018 Q3
|* 10 is highest|
|AGE OF SeaTac HOMES|
|2000 or Newer||11.9|
|1970 - 1999||32.4|
|1940 - 1969||52.3|
|1939 or Older||3.3|
|TYPE OF SeaTac HOMES|
|Small Apt. Buildings||6.6|
|SIZE OF SeaTac HOMES|
|5 or more bedrooms||6.14|