Tumwater, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Tumwater, WA Real Estate Data


Tumwater Housing Market Information

With a population of 19,190, 7,773 total housing units (homes and apartments), and a median house value of $254,802, Tumwater real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Tumwater, accounting for 52.68% of the city's housing units. Other types of housing that are prevalent in Tumwater include large apartment complexes or high rise apartments ( 20.53%), duplexes, homes converted to apartments or other small apartment buildings ( 12.15%), and a few mobile homes or trailers ( 8.03%).

The most prevalent building size and type in Tumwater are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.71% owning and 46.29% renting.

There is a lot of housing in Tumwater 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 Tumwater built between 2000 and later ( 21.91%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.52%). There's also some housing in Tumwater built before 1939 ( 3.30%).

Tumwater Home Appreciation Rates

Real estate appreciation rates in Tumwater's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.49% during the period.

Appreciation rates are so strong in Tumwater that despite a nationwide downturn in the housing market, Tumwater real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tumwater appreciation rates continue to be some of the highest in America, at 6.66%, which is higher than appreciation rates in 81.64% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tumwater. Tumwater appreciation rates in the latest quarter were at 2.85%, which equates to an annual appreciation rate of 11.88%.

Importantly, this makes Tumwater 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 Tumwater's latest annual appreciation rate is lower than 70% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$254,802

Tumwater, WA HOME PRICES

Value Range
> $1,148,000 0.1
$861,001 - $1,148,000 1.0
$574,001 - $861,000 2.2
$459,001 - $574,000 5.3
$344,001 - $459,000 14.5
$230,001 - $344,000 36.3
$115,001 - $230,000 26.1
$57,001 - $115,000 4.2
$0 - $57,000 10.3

Average for WA
High for Nation

Value Relative to Nation Value Relative to State
22.3780523511155 51.7730496453901

Number Of Homes And Apartments:
7,773

Rent & Ownership

 

Average Market Rent:
$1,276 / per month

Homeownership Rate

Homeownership
Owners 53.71
Renters 46.29
Vacant 5.91

Housing Market Details

 

Age of Homes

AGE OF Tumwater HOMES
2000 or Newer 21.9
1970 - 1999 54.3
1940 - 1969 20.5
1939 or Older 3.3

Types of Homes

TYPE OF Tumwater HOMES
Single-Family 52.7
Townhomes 6.4
Small Apt. Buildings 12.2
Apt. Complexes 20.5
Mobile Homes 8.0
Other 0.2

Home Size

SIZE OF Tumwater HOMES
No Bedroom 2.65
1 Bedroom 10.16
2 Bedrooms 35.01
3 Bedrooms 40.31
4 Bedrooms 9.71
5 or more bedrooms 2.17

Tumwater Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
64.58% 2.97% 5 8
* 10 is highest

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Zip Codes in Tumwater, WA