Shoreline, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Shoreline Neighborhoods Since 2000




Shoreline, 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 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

Shoreline Housing Market Information

With 55,439 people, 21,668 houses or apartments, and a median cost of homes of $491,321, Shoreline house prices are not only among the most expensive in Washington, Shoreline 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 Shoreline, accounting for 65.35% of the city's housing units. Other types of housing that are prevalent in Shoreline include large apartment complexes or high rise apartments ( 23.40%), duplexes, homes converted to apartments or other small apartment buildings ( 6.44%), and a few row houses and other attached homes ( 4.24%).

The most prevalent building size and type in Shoreline are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.58% owning and 39.42% renting.

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. Shoreline's housing was primarily built during this period, from the '40s through the '60s. A full 53.28% of the city's housing hails from this era. Other housing ages represented in Shoreline include homes built between 1970-1999 ( 34.06%) and housing constructed between 2000 and later ( 7.69%). There's also some housing in Shoreline built before 1939 ( 4.97%).

Shoreline Home Appreciation Rates

In the last 10 years, Shoreline has experienced some of the highest home appreciation rates of any community in the nation. Shoreline real estate appreciated 26.69% over the last ten years, which is an average annual home appreciation rate of 2.39%, putting Shoreline in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Shoreline 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 Shoreline that despite a nationwide downturn in the housing market, Shoreline real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Shoreline appreciation rates continue to be some of the highest in America, at 15.07%, which is higher than appreciation rates in 99.67% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Shoreline. Shoreline appreciation rates in the latest quarter were at 5.61%, which equates to an annual appreciation rate of 24.42%.

Importantly, NeighborhoodScout’s exclusive research found that Shoreline'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 Shoreline's latest annual appreciation rate is higher than 90% 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 Shoreline differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Shoreline - 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 Shoreline real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$491,321

Shoreline, WA HOME PRICES

Value Range
> $1,509,000 2.6
$1,132,001 - $1,509,000 3.0
$754,001 - $1,132,000 9.0
$603,001 - $754,000 14.5
$453,001 - $603,000 33.7
$302,001 - $453,000 27.8
$151,001 - $302,000 7.3
$76,001 - $151,000 0.7
$0 - $76,000 1.5

Very High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
6.51677498682593 12.4113475177305

Number Of Homes And Apartments:
21,668

Shoreline Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
120.51% 4.62% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,938 / per month

Homeownership Rate

Homeownership
Owners 60.58
Renters 39.42
Vacant 3.10

Housing Market Details

 

Age of Homes

AGE OF Shoreline HOMES
2000 or Newer 7.7
1970 - 1999 34.1
1940 - 1969 53.3
1939 or Older 5.0

Types of Homes

TYPE OF Shoreline HOMES
Single-Family 65.3
Townhomes 4.2
Small Apt. Buildings 6.4
Apt. Complexes 23.4
Mobile Homes 0.5
Other 0.1

Home Size

SIZE OF Shoreline HOMES
No Bedroom 1.45
1 Bedroom 11.75
2 Bedrooms 28.96
3 Bedrooms 31.99
4 Bedrooms 19.20
5 or more bedrooms 6.65