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 9,670 people, 3,733 houses or apartments, and a median cost of homes of $386,114, real estate costs in Snohomish 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 Snohomish, accounting for 55.96% of the city's housing units. Other types of housing that are prevalent in Snohomish include large apartment complexes or high rise apartments ( 20.06%), duplexes, homes converted to apartments or other small apartment buildings ( 14.35%), and a few row houses and other attached homes ( 6.51%).
The most prevalent building size and type in Snohomish are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.38% owning and 46.62% renting.
There is a lot of housing in Snohomish 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 Snohomish built before 1939 ( 21.13%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.56%). There's also some housing in Snohomish built between 2000 and later ( 14.80%).
Appreciation rates for homes in Snohomish have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.18%, which ranks in the top 50% nationwide. This equates to an annual average Snohomish house appreciation rate of 0.22%.
Appreciation rates are so strong in Snohomish that despite a nationwide downturn in the housing market, Snohomish real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Snohomish appreciation rates continue to be some of the highest in America, at 9.80%, which is higher than appreciation rates in 93.27% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Snohomish. Snohomish appreciation rates in the latest quarter were at 2.83%, which equates to an annual appreciation rate of 11.81%.
Importantly, this makes Snohomish 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 Snohomish's latest annual appreciation rate is higher than 50% 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 Snohomish differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Snohomish - 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 Snohomish real estate investment or home purchase decisions.
|$989,001 - $1,319,000||1.1|
|$660,001 - $989,000||5.9|
|$527,001 - $660,000||6.5|
|$396,001 - $527,000||24.5|
|$264,001 - $396,000||34.2|
|$132,001 - $264,000||23.0|
|$66,001 - $132,000||0.6|
|$0 - $66,000||3.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Snohomish HOMES|
|2000 or Newer||14.8|
|1970 - 1999||44.5|
|1940 - 1969||19.6|
|1939 or Older||21.1|
|TYPE OF Snohomish HOMES|
|Small Apt. Buildings||14.3|
|SIZE OF Snohomish HOMES|
|5 or more bedrooms||4.59|