Selah, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Selah, 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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Selah Housing Market Information

With 7,682 people, 2,966 houses or apartments, and a median cost of homes of $218,136, Selah real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Selah, accounting for 62.18% of the city's housing units. Other types of housing that are prevalent in Selah include duplexes, homes converted to apartments or other small apartment buildings ( 19.10%), large apartment complexes or high rise apartments ( 13.15%), and a few row houses and other attached homes ( 4.95%).

The most prevalent building size and type in Selah are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.07% owning and 42.93% renting.

There is a lot of housing in Selah 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 Selah built between 1940-1969 ( 26.09%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.58%). There's also some housing in Selah built before 1939 ( 3.28%).

Selah Home Appreciation Rates

Appreciation rates for homes in Selah have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.49%, which ranks in the top 40% nationwide. This equates to an annual average Selah house appreciation rate of 0.54%.

NeighborhoodScout's data show that during the latest twelve months, Selah's appreciation rate, at 4.31%, has been at or slightly above the national average. In the latest quarter, Selah's appreciation rate has been 1.05%, which annualizes to a rate of 4.28%.

Relative to Washington, our data show that Selah's latest annual appreciation rate is lower than 90% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$218,136

Selah, WA HOME PRICES

Value Range
> $1,089,000 1.8
$816,001 - $1,089,000 0.5
$544,001 - $816,000 1.4
$435,001 - $544,000 5.3
$326,001 - $435,000 9.8
$218,001 - $326,000 29.8
$109,001 - $218,000 46.1
$54,001 - $109,000 3.0
$0 - $54,000 2.4

Low for WA
High for Nation

Value Relative to Nation Value Relative to State
28.061643032931 64.1843971631206

Number Of Homes And Apartments:
2,966

Selah Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
39.43% 1.95% 1 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,125 / per month

Homeownership Rate

Homeownership
Owners 57.07
Renters 42.93
Vacant 8.20

Housing Market Details

 

Age of Homes

AGE OF Selah HOMES
2000 or Newer 14.6
1970 - 1999 56.1
1940 - 1969 26.1
1939 or Older 3.3

Types of Homes

TYPE OF Selah HOMES
Single-Family 62.2
Townhomes 5.0
Small Apt. Buildings 19.1
Apt. Complexes 13.2
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Selah HOMES
No Bedroom 0.62
1 Bedroom 9.19
2 Bedrooms 30.67
3 Bedrooms 43.39
4 Bedrooms 11.51
5 or more bedrooms 4.61

Popular Neighborhoods in Selah

Popular Communities Near Selah, WA

Zip Codes in Selah, WA