Silverdale, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Silverdale Neighborhoods Since 2000




Silverdale, 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

Silverdale Housing Market Information

With a population of 19,305, 8,090 total housing units (homes and apartments), and a median house value of $328,738, real estate costs in Silverdale 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 Silverdale, accounting for 51.34% of the town's housing units. Other types of housing that are prevalent in Silverdale include large apartment complexes or high rise apartments ( 30.84%), row houses and other attached homes ( 7.53%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.35%).

The most prevalent building size and type in Silverdale are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 53.64% owning and 46.36% renting.

There is a lot of housing in Silverdale 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 Silverdale built between 2000 and later ( 13.02%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.07%). There's also some housing in Silverdale built before 1939 ( 2.97%).

Silverdale Home Appreciation Rates

Real estate appreciation rates in Silverdale's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.11% during the period.

Appreciation rates are so strong in Silverdale that despite a nationwide downturn in the housing market, Silverdale real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Silverdale appreciation rates continue to be some of the highest in America, at 12.90%, which is higher than appreciation rates in 98.36% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Silverdale. Silverdale appreciation rates in the latest quarter were at 2.63%, which equates to an annual appreciation rate of 10.95%.

Importantly, this makes Silverdale one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Washington, our data show that Silverdale's latest annual appreciation rate is higher than 80% 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 town. Individual neighborhoods within Silverdale differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Silverdale - 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 Silverdale real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$328,738

Silverdale, WA HOME PRICES

Value Range
> $1,239,000 1.0
$929,001 - $1,239,000 0.7
$620,001 - $929,000 2.9
$496,001 - $620,000 3.6
$372,001 - $496,000 29.8
$248,001 - $372,000 42.8
$124,001 - $248,000 12.0
$62,001 - $124,000 0.8
$0 - $62,000 6.5

High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
13.8110863705614 31.9148936170213

Number Of Homes And Apartments:
8,090

Silverdale 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
86.32% 3.67% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,549 / per month

Homeownership Rate

Homeownership
Owners 53.64
Renters 46.36
Vacant 7.94

Housing Market Details

 

Age of Homes

AGE OF Silverdale HOMES
2000 or Newer 13.0
1970 - 1999 77.9
1940 - 1969 6.1
1939 or Older 3.0

Types of Homes

TYPE OF Silverdale HOMES
Single-Family 51.3
Townhomes 7.5
Small Apt. Buildings 5.3
Apt. Complexes 30.8
Mobile Homes 4.9
Other 0.0

Home Size

SIZE OF Silverdale HOMES
No Bedroom 0.97
1 Bedroom 14.33
2 Bedrooms 26.48
3 Bedrooms 40.46
4 Bedrooms 15.96
5 or more bedrooms 1.80