Tukwila, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Tukwila Neighborhoods Since 2000




Tukwila, 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

Tukwila Housing Market Information

With a population of 20,018, 7,308 total housing units (homes and apartments), and a median house value of $334,533, real estate costs in Tukwila 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.

Large apartment complexes or high rise apartments are the single most common housing type in Tukwila, accounting for 45.52% of the city's housing units. Other types of housing that are prevalent in Tukwila include single-family detached homes ( 40.28%), duplexes, homes converted to apartments or other small apartment buildings ( 8.56%), and a few mobile homes or trailers ( 3.67%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

People in Tukwila primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Tukwila has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Tukwila 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 Tukwila built between 1940-1969 ( 38.26%). A lesser amount of the housing stock also hails from before 1939 ( 8.38%). There's also some housing in Tukwila built between 2000 and later ( 7.22%).

Tukwila Home Appreciation Rates

Appreciation rates for homes in Tukwila have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.65%, which ranks in the top 50% nationwide. This equates to an annual average Tukwila house appreciation rate of 0.36%.

Appreciation rates are so strong in Tukwila that despite a nationwide downturn in the housing market, Tukwila real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tukwila appreciation rates continue to be some of the highest in America, at 13.25%, which is higher than appreciation rates in 98.63% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tukwila. Tukwila appreciation rates in the latest quarter were at 2.83%, which equates to an annual appreciation rate of 11.81%.

Importantly, this makes Tukwila 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 Tukwila'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 city. Individual neighborhoods within Tukwila differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Tukwila - 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 Tukwila real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$334,533

Tukwila, WA HOME PRICES

Value Range
> $1,423,000 0.4
$1,067,001 - $1,423,000 0.1
$712,001 - $1,067,000 5.0
$569,001 - $712,000 6.5
$427,001 - $569,000 14.1
$285,001 - $427,000 38.0
$143,001 - $285,000 28.8
$71,001 - $143,000 2.2
$0 - $71,000 4.8

High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
13.3657564748623 30.4964539007092

Number Of Homes And Apartments:
7,308

Tukwila 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
83.72% 3.59% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,500 / per month

Homeownership Rate

Homeownership
Owners 38.45
Renters 61.55
Vacant 5.59

Housing Market Details

 

Age of Homes

AGE OF Tukwila HOMES
2000 or Newer 7.2
1970 - 1999 46.1
1940 - 1969 38.3
1939 or Older 8.4

Types of Homes

TYPE OF Tukwila HOMES
Single-Family 40.3
Townhomes 2.0
Small Apt. Buildings 8.6
Apt. Complexes 45.5
Mobile Homes 3.7
Other 0.0

Home Size

SIZE OF Tukwila HOMES
No Bedroom 2.89
1 Bedroom 21.97
2 Bedrooms 42.58
3 Bedrooms 16.16
4 Bedrooms 11.92
5 or more bedrooms 4.47