Vashon, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Vashon, 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

Vashon Housing Market Information

With 11,237 people, 4,757 houses or apartments, and a median cost of homes of $541,208, Vashon house prices are not only among the most expensive in Washington, Vashon real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Vashon, accounting for 89.05% of the town's housing units. Other types of housing that are prevalent in Vashon include large apartment complexes or high rise apartments ( 6.00%), duplexes, homes converted to apartments or other small apartment buildings ( 1.91%), and a few mobile homes or trailers ( 1.86%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Vashon. Owner-occupied housing accounts for 76.21% of Vashon's homes, and 54.38% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Vashon 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 Vashon built between 1940-1969 ( 24.66%). A lesser amount of the housing stock also hails from before 1939 ( 21.80%). There's also some housing in Vashon built between 2000 and later ( 8.85%).

Vacant housing appears to be an issue in Vashon. Fully 17.95% of the housing stock is classified as vacant. Left unchecked, vacant Vashon homes and apartments can be a drag on the real estate market, holding Vashon real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Vashon Home Appreciation Rates

Appreciation rates for homes in Vashon have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.26%, which ranks in the top 40% nationwide. This equates to an annual average Vashon house appreciation rate of 0.70%.

Appreciation rates are so strong in Vashon that despite a nationwide downturn in the housing market, Vashon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Vashon appreciation rates continue to be some of the highest in America, at 11.39%, which is higher than appreciation rates in 96.58% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Vashon. Vashon appreciation rates in the latest quarter were at 2.83%, which equates to an annual appreciation rate of 11.81%.

Importantly, this makes Vashon one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Washington, our data show that Vashon's latest annual appreciation rate is higher than 70% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$541,208

Vashon 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
86.14% 3.67% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,202 / per month

Homeownership Rate

Homeownership
Owners 76.21
Renters 23.79
Vacant 17.95

Housing Market Details

 

Age of Homes

AGE OF Vashon HOMES
2000 or Newer 8.8
1970 - 1999 44.7
1940 - 1969 24.7
1939 or Older 21.8

Types of Homes

TYPE OF Vashon HOMES
Single-Family 89.0
Townhomes 0.9
Small Apt. Buildings 1.9
Apt. Complexes 6.0
Mobile Homes 1.9
Other 0.3

Home Size

SIZE OF Vashon HOMES
No Bedroom 3.66
1 Bedroom 12.04
2 Bedrooms 25.37
3 Bedrooms 37.69
4 Bedrooms 16.70
5 or more bedrooms 4.55

Popular Neighborhoods in Vashon

Zip Codes in Vashon, WA