Toppenish, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Toppenish Neighborhoods Since 2000




Toppenish, 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

Toppenish Housing Market Information

With 8,995 people, 2,249 houses or apartments, and a median cost of homes of $135,120, house prices in Toppenish are solidly below the national average.

Single-family detached homes are the single most common housing type in Toppenish, accounting for 72.60% of the city's housing units. Other types of housing that are prevalent in Toppenish include large apartment complexes or high rise apartments ( 11.63%), duplexes, homes converted to apartments or other small apartment buildings ( 9.64%), and a few mobile homes or trailers ( 4.14%).

The most prevalent building size and type in Toppenish are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.07% owning and 43.93% 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. Toppenish's housing was primarily built during this period, from the '40s through the '60s. A full 39.87% of the city's housing hails from this era. Other housing ages represented in Toppenish include homes built between 1970-1999 ( 36.32%) and housing constructed before 1939 ( 16.62%). There's also some housing in Toppenish built between 2000 and later ( 7.19%).

Toppenish Home Appreciation Rates

Appreciation rates for homes in Toppenish have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 13.53%, which ranks in the top 30% nationwide. This equates to an annual average Toppenish house appreciation rate of 1.28%.

Appreciation rates are so strong in Toppenish that despite a nationwide downturn in the housing market, Toppenish real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Toppenish appreciation rates continue to be some of the highest in America, at 6.54%, which is higher than appreciation rates in 78.15% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Toppenish. Toppenish appreciation rates in the latest quarter were at 1.05%, which equates to an annual appreciation rate of 4.28%.

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

Average Home Values

 

Median Home Value:
$135,120

Toppenish, WA HOME PRICES

Value Range
> $1,095,000 0.0
$821,001 - $1,095,000 0.0
$548,001 - $821,000 0.7
$438,001 - $548,000 0.0
$329,001 - $438,000 2.7
$219,001 - $329,000 3.5
$110,001 - $219,000 56.0
$54,001 - $110,000 30.4
$0 - $54,000 6.6

Very Low for WA
Average for Nation

Value Relative to Nation Value Relative to State
57.1369975389664 95.7446808510638

Number Of Homes And Apartments:
2,249

Toppenish 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
38.16% 1.89% 1 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$900 / per month

Homeownership Rate

Homeownership
Owners 56.07
Renters 43.93
Vacant 4.90

Housing Market Details

 

Age of Homes

AGE OF Toppenish HOMES
2000 or Newer 7.2
1970 - 1999 36.3
1940 - 1969 39.9
1939 or Older 16.6

Types of Homes

TYPE OF Toppenish HOMES
Single-Family 72.6
Townhomes 2.0
Small Apt. Buildings 9.6
Apt. Complexes 11.6
Mobile Homes 4.1
Other 0.0

Home Size

SIZE OF Toppenish HOMES
No Bedroom 2.33
1 Bedroom 12.90
2 Bedrooms 26.60
3 Bedrooms 39.32
4 Bedrooms 14.63
5 or more bedrooms 4.23

Popular Neighborhoods in Toppenish

Zip Codes in Toppenish, WA