SeaTac WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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SeaTac, 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

SeaTac Housing Market Information

With 29,044 people, 9,671 houses or apartments, and a median cost of homes of $417,698, 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 47.87% of the city's housing units. Other types of housing that are prevalent in SeaTac include large apartment complexes or high rise apartments ( 39.22%), duplexes, homes converted to apartments or other small apartment buildings ( 5.88%), and a few mobile homes or trailers ( 4.58%).

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 52.91% of the city's housing hails from this era. Other housing ages represented in SeaTac include homes built between 1970-1999 ( 31.51%) and housing constructed between 2000 and later ( 12.51%). There's also some housing in SeaTac built before 1939 ( 3.08%).

SeaTac Home Appreciation Rates

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 79.04% over the last ten years, which is an average annual home appreciation rate of 6.00%, putting SeaTac in the top 10% 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.

NeighborhoodScout's data show that during the latest twelve months, SeaTac's appreciation rate, at 4.64%, has been at or slightly above the national average. In the latest quarter, SeaTac's appreciation rate has been 2.17%, which annualizes to a rate of 8.97%.

Importantly, this makes SeaTac 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 SeaTac's latest annual appreciation rate is lower than 60% 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.

Average Home Values

 

Median Home Value:
$417,698

SeaTac, WA HOME PRICES

Value Range
> $1,390,000 0.0
$1,042,001 - $1,390,000 0.1
$695,001 - $1,042,000 11.1
$556,001 - $695,000 10.3
$417,001 - $556,000 27.7
$278,001 - $417,000 29.6
$139,001 - $278,000 7.8
$69,001 - $139,000 2.3
$0 - $69,000 10.9

High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
11.4335766423358 28.9752650176678

Number Of Homes And Apartments:
9,671

SeaTac Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
140.51% 4.32%
8
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,808 / per month

Homeownership Rate

Homeownership
Owners 47.93
Renters 52.07
Vacant 6.16

Housing Market Details

 

Age of Homes

AGE OF SeaTac HOMES
2000 or Newer 12.5
1970 - 1999 31.5
1940 - 1969 52.9
1939 or Older 3.1

Types of Homes

TYPE OF SeaTac HOMES
Single-Family 47.9
Townhomes 2.3
Small Apt. Buildings 5.9
Apt. Complexes 39.2
Mobile Homes 4.6
Other 0.1

Home Size

SIZE OF SeaTac HOMES
No Bedroom 4.69
1 Bedroom 19.84
2 Bedrooms 30.63
3 Bedrooms 26.85
4 Bedrooms 12.33
5 or more bedrooms 5.66