Tumwater, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Tumwater, 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

Tumwater Housing Market Information

With 19,190 people, 7,987 houses or apartments, and a median cost of homes of $265,656, 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 50.87% of the city's housing units. Other types of housing that are prevalent in Tumwater include large apartment complexes or high rise apartments ( 22.58%), duplexes, homes converted to apartments or other small apartment buildings ( 11.29%), and a few mobile homes or trailers ( 8.63%).

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 54.33% owning and 45.67% 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 ( 22.79%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.61%). There's also some housing in Tumwater built before 1939 ( 3.11%).

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 -0.57% 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 9.10%, which is higher than appreciation rates in 91.08% 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 1.14%, which equates to an annual appreciation rate of 4.65%.

Relative to Washington, our data show that Tumwater's latest annual appreciation rate is lower than 50% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$265,656

Tumwater, WA HOME PRICES

Value Range
> $1,176,000 0.2
$882,001 - $1,176,000 1.0
$588,001 - $882,000 2.3
$471,001 - $588,000 4.7
$353,001 - $471,000 13.2
$236,001 - $353,000 35.8
$118,001 - $236,000 29.6
$59,001 - $118,000 4.1
$0 - $59,000 9.2

Average for WA
High for Nation

Value Relative to Nation Value Relative to State
20.3328255009961 50.354609929078

Number Of Homes And Apartments:
7,987

Tumwater 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
67.45% 3.03% 5 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,240 / per month

Homeownership Rate

Homeownership
Owners 54.33
Renters 45.67
Vacant 5.59

Housing Market Details

 

Age of Homes

AGE OF Tumwater HOMES
2000 or Newer 22.8
1970 - 1999 53.5
1940 - 1969 20.6
1939 or Older 3.1

Types of Homes

TYPE OF Tumwater HOMES
Single-Family 50.9
Townhomes 6.5
Small Apt. Buildings 11.3
Apt. Complexes 22.6
Mobile Homes 8.6
Other 0.2

Home Size

SIZE OF Tumwater HOMES
No Bedroom 2.36
1 Bedroom 10.31
2 Bedrooms 34.80
3 Bedrooms 39.28
4 Bedrooms 11.24
5 or more bedrooms 2.01

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Zip Codes in Tumwater, WA