Vancouver, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Vancouver, WA Real Estate Data


Vancouver Housing Market Information

With 172,860 people, 65,666 houses or apartments, and a median cost of homes of $280,252, Vancouver real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Vancouver, accounting for 52.01% of the city's housing units. Other types of housing that are prevalent in Vancouver include large apartment complexes or high rise apartments ( 26.01%), duplexes, homes converted to apartments or other small apartment buildings ( 12.50%), and a few row houses and other attached homes ( 6.96%).

The most prevalent building size and type in Vancouver are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 49.60% owning and 50.40% renting.

There is a lot of housing in Vancouver 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 Vancouver built between 1940-1969 ( 19.81%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.24%). There's also some housing in Vancouver built before 1939 ( 5.36%).

Vancouver Home Appreciation Rates

Real estate appreciation rates in Vancouver's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.27% during the period.

Appreciation rates are so strong in Vancouver that despite a nationwide downturn in the housing market, Vancouver real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Vancouver appreciation rates continue to be some of the highest in America, at 9.40%, which is higher than appreciation rates in 96.64% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Vancouver. Vancouver appreciation rates in the latest quarter were at 4.15%, which equates to an annual appreciation rate of 17.68%.

Importantly, NeighborhoodScout’s exclusive research found that Vancouver's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Washington, our data show that Vancouver's latest annual appreciation rate is higher than 60% 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 Vancouver differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Vancouver - 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 Vancouver real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$280,252

Vancouver, WA HOME PRICES

Value Range
> $1,413,000 0.5
$1,059,001 - $1,413,000 0.5
$706,001 - $1,059,000 2.2
$565,001 - $706,000 3.3
$424,001 - $565,000 8.8
$282,001 - $424,000 28.9
$141,001 - $282,000 46.3
$71,001 - $141,000 3.6
$0 - $71,000 6.0

Average for WA
Very High for Nation

Value Relative to Nation Value Relative to State
18.978743338994 44.6808510638298

Number Of Homes And Apartments:
65,666

Rent & Ownership

 

Average Market Rent:
$1,308 / per month

Homeownership Rate

Homeownership
Owners 49.60
Renters 50.40
Vacant 5.70

Housing Market Details

 

Age of Homes

AGE OF Vancouver HOMES
2000 or Newer 15.2
1970 - 1999 59.6
1940 - 1969 19.8
1939 or Older 5.4

Types of Homes

TYPE OF Vancouver HOMES
Single-Family 52.0
Townhomes 7.0
Small Apt. Buildings 12.5
Apt. Complexes 26.0
Mobile Homes 2.5
Other 0.0

Home Size

SIZE OF Vancouver HOMES
No Bedroom 2.25
1 Bedroom 11.27
2 Bedrooms 33.29
3 Bedrooms 39.55
4 Bedrooms 11.07
5 or more bedrooms 2.56

Vancouver 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
74.67% 3.34% 7 9
* 10 is highest