Tenino, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Tenino, 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

Tenino Housing Market Information

With a population of 1,749, 733 total housing units (homes and apartments), and a median house value of $209,556, Tenino real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Tenino, accounting for 74.02% of the city's housing units. Other types of housing that are prevalent in Tenino include mobile homes or trailers ( 9.77%), large apartment complexes or high rise apartments ( 7.15%), and a few row houses and other attached homes ( 4.77%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Tenino. Owner-occupied housing accounts for 73.02% of Tenino's homes, and 59.95% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Tenino 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 Tenino built before 1939 ( 23.72%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.47%). There's also some housing in Tenino built between 1940-1969 ( 14.30%).

Vacant housing appears to be an issue in Tenino. Fully 12.63% of the housing stock is classified as vacant. Left unchecked, vacant Tenino homes and apartments can be a drag on the real estate market, holding Tenino real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Tenino Home Appreciation Rates

Tenino's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Tenino during the period has been just -1.70%, which is lower than 80% of US communities.

Appreciation rates are so strong in Tenino that despite a nationwide downturn in the housing market, Tenino real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tenino appreciation rates continue to be some of the highest in America, at 6.84%, which is higher than appreciation rates in 80.27% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tenino. Tenino appreciation rates in the latest quarter were at 1.14%, which equates to an annual appreciation rate of 4.65%.

Relative to Washington, our data show that Tenino's latest annual appreciation rate is lower than 80% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$209,556

Tenino, WA HOME PRICES

Value Range
> $1,147,000 0.0
$861,001 - $1,147,000 0.0
$574,001 - $861,000 0.8
$459,001 - $574,000 3.5
$344,001 - $459,000 6.3
$229,001 - $344,000 31.4
$115,001 - $229,000 39.4
$57,001 - $115,000 12.8
$0 - $57,000 5.8

Low for WA
High for Nation

Value Relative to Nation Value Relative to State
29.9718739013243 67.3758865248227

Number Of Homes And Apartments:
733

Tenino 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
43.03% 2.10% 1 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,147 / per month

Homeownership Rate

Homeownership
Owners 73.02
Renters 26.98
Vacant 12.63

Housing Market Details

 

Age of Homes

AGE OF Tenino HOMES
2000 or Newer 18.5
1970 - 1999 43.5
1940 - 1969 14.3
1939 or Older 23.7

Types of Homes

TYPE OF Tenino HOMES
Single-Family 74.0
Townhomes 4.8
Small Apt. Buildings 3.2
Apt. Complexes 7.2
Mobile Homes 9.8
Other 1.1

Home Size

SIZE OF Tenino HOMES
No Bedroom 3.81
1 Bedroom 8.82
2 Bedrooms 25.86
3 Bedrooms 52.80
4 Bedrooms 7.15
5 or more bedrooms 1.55

Popular Neighborhoods in Tenino

Zip Codes in Tenino, WA