Union Gap, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Union Gap Neighborhoods Since 2000




Union Gap, 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

Union Gap Housing Market Information

With 6,037 people, 1,929 houses or apartments, and a median cost of homes of $90,722, house prices in Union Gap are some of the most affordable in Washington as well as the nation.

Single-family detached homes are the single most common housing type in Union Gap, accounting for 59.61% of the city's housing units. Other types of housing that are prevalent in Union Gap include mobile homes or trailers ( 29.85%), duplexes, homes converted to apartments or other small apartment buildings ( 5.05%), and a few row houses and other attached homes ( 4.72%).

People in Union Gap primarily live in small (one, two or no bedroom) single-family detached homes. Union Gap has a mixture of owner-occupied and renter-occupied housing.

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. Union Gap's housing was primarily built during this period, from the '40s through the '60s. A full 44.25% of the city's housing hails from this era. Other housing ages represented in Union Gap include homes built between 1970-1999 ( 42.01%) and housing constructed before 1939 ( 8.25%). There's also some housing in Union Gap built between 2000 and later ( 5.48%).

Union Gap Home Appreciation Rates

Real estate appreciation rates in Union Gap's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.05% during the period.

Appreciation rates are so strong in Union Gap that despite a nationwide downturn in the housing market, Union Gap real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Union Gap appreciation rates continue to be some of the highest in America, at 6.85%, which is higher than appreciation rates in 80.30% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Union Gap. Union Gap 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 Union Gap's latest annual appreciation rate is lower than 80% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$90,722

Union Gap, WA HOME PRICES

Value Range
> $1,080,000 0.1
$810,001 - $1,080,000 0.0
$540,001 - $810,000 0.1
$432,001 - $540,000 0.8
$325,001 - $432,000 0.4
$216,001 - $325,000 3.5
$108,001 - $216,000 34.0
$54,001 - $108,000 29.6
$0 - $54,000 31.5

Very Low for WA
Very Low for Nation

Value Relative to Nation Value Relative to State
83.499355443572 99.645390070922

Number Of Homes And Apartments:
1,929

Union Gap 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
27.83% 1.43% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$952 / per month

Homeownership Rate

Homeownership
Owners 62.77
Renters 37.23
Vacant 8.01

Housing Market Details

 

Age of Homes

AGE OF Union Gap HOMES
2000 or Newer 5.5
1970 - 1999 42.0
1940 - 1969 44.3
1939 or Older 8.2

Types of Homes

TYPE OF Union Gap HOMES
Single-Family 59.6
Townhomes 4.7
Small Apt. Buildings 5.1
Apt. Complexes 0.8
Mobile Homes 29.9
Other 0.0

Home Size

SIZE OF Union Gap HOMES
No Bedroom 1.10
1 Bedroom 6.34
2 Bedrooms 44.78
3 Bedrooms 40.49
4 Bedrooms 6.72
5 or more bedrooms 0.57

Popular Neighborhoods in Union Gap

Zip Codes in Union Gap, WA