Steilacoom, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Steilacoom Neighborhoods Since 2000




Steilacoom, 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

Steilacoom Housing Market Information

With a population of 6,211, 2,606 total housing units (homes and apartments), and a median house value of $443,683, Steilacoom house prices are not only among the most expensive in Washington, Steilacoom 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 Steilacoom, accounting for 60.97% of the town's housing units. Other types of housing that are prevalent in Steilacoom include large apartment complexes or high rise apartments ( 18.46%), duplexes, homes converted to apartments or other small apartment buildings ( 15.42%), and a few row houses and other attached homes ( 4.90%).

The most prevalent building size and type in Steilacoom are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 59.24% owning and 40.76% renting.

There is a lot of housing in Steilacoom 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 Steilacoom built between 1940-1969 ( 25.32%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.76%). There's also some housing in Steilacoom built before 1939 ( 7.69%).

Steilacoom Home Appreciation Rates

Real estate appreciation rates in Steilacoom's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.16% during the period.

Appreciation rates are so strong in Steilacoom that despite a nationwide downturn in the housing market, Steilacoom real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Steilacoom appreciation rates continue to be some of the highest in America, at 8.68%, which is higher than appreciation rates in 89.64% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Steilacoom. Steilacoom appreciation rates in the latest quarter were at 2.83%, which equates to an annual appreciation rate of 11.81%.

Importantly, this makes Steilacoom 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 Steilacoom's latest annual appreciation rate is lower than 60% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$443,683

Steilacoom, WA HOME PRICES

Value Range
> $1,257,000 2.6
$943,001 - $1,257,000 5.1
$628,001 - $943,000 11.3
$503,001 - $628,000 6.9
$377,001 - $503,000 17.2
$252,001 - $377,000 28.5
$125,001 - $252,000 22.2
$63,001 - $125,000 3.5
$0 - $63,000 2.7

Very High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
7.62334466190086 14.1843971631206

Number Of Homes And Apartments:
2,606

Steilacoom 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
75.11% 3.30% 7 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,658 / per month

Homeownership Rate

Homeownership
Owners 59.24
Renters 40.76
Vacant 5.48

Housing Market Details

 

Age of Homes

AGE OF Steilacoom HOMES
2000 or Newer 9.8
1970 - 1999 57.2
1940 - 1969 25.3
1939 or Older 7.7

Types of Homes

TYPE OF Steilacoom HOMES
Single-Family 61.0
Townhomes 4.9
Small Apt. Buildings 15.4
Apt. Complexes 18.5
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Steilacoom HOMES
No Bedroom 2.50
1 Bedroom 7.15
2 Bedrooms 33.88
3 Bedrooms 36.60
4 Bedrooms 18.32
5 or more bedrooms 1.56

Popular Neighborhoods in Steilacoom

Zip Codes in Steilacoom, WA