Wenatchee, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Wenatchee Neighborhoods Since 2000




Wenatchee, WA Real Estate Data


Wenatchee Housing Market Information

With 33,636 people, 11,496 houses or apartments, and a median cost of homes of $244,074, Wenatchee real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Wenatchee, accounting for 59.78% of the city's housing units. Other types of housing that are prevalent in Wenatchee include large apartment complexes or high rise apartments ( 18.73%), duplexes, homes converted to apartments or other small apartment buildings ( 13.08%), and a few mobile homes or trailers ( 5.90%).

The most prevalent building size and type in Wenatchee are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.50% owning and 44.50% renting.

There is a lot of housing in Wenatchee 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 Wenatchee built between 1940-1969 ( 34.36%). A lesser amount of the housing stock also hails from before 1939 ( 15.25%). There's also some housing in Wenatchee built between 2000 and later ( 11.42%).

Wenatchee Home Appreciation Rates

Appreciation rates for homes in Wenatchee have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 13.57%, which ranks in the top 30% nationwide. This equates to an annual average Wenatchee house appreciation rate of 1.28%.

Appreciation rates are so strong in Wenatchee that despite a nationwide downturn in the housing market, Wenatchee real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Wenatchee appreciation rates continue to be some of the highest in America, at 7.61%, which is higher than appreciation rates in 83.98% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Wenatchee. Wenatchee appreciation rates in the latest quarter were at 0.94%, which equates to an annual appreciation rate of 3.82%.

Relative to Washington, our data show that Wenatchee's latest annual appreciation rate is lower than 70% 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 Wenatchee differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Wenatchee - 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 Wenatchee real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$244,074

Wenatchee, WA HOME PRICES

Value Range
> $1,212,000 0.3
$909,001 - $1,212,000 0.6
$606,001 - $909,000 1.9
$485,001 - $606,000 4.6
$364,001 - $485,000 11.0
$243,001 - $364,000 29.4
$121,001 - $243,000 43.4
$61,001 - $121,000 3.1
$0 - $61,000 5.4

Average for WA
High for Nation

Value Relative to Nation Value Relative to State
23.1923121996953 56.7375886524823

Number Of Homes And Apartments:
11,496

Rent & Ownership

 

Average Market Rent:
$947 / per month

Homeownership Rate

Homeownership
Owners 55.50
Renters 44.50
Vacant 9.34

Housing Market Details

 

Age of Homes

AGE OF Wenatchee HOMES
2000 or Newer 11.4
1970 - 1999 39.0
1940 - 1969 34.4
1939 or Older 15.3

Types of Homes

TYPE OF Wenatchee HOMES
Single-Family 59.8
Townhomes 2.5
Small Apt. Buildings 13.1
Apt. Complexes 18.7
Mobile Homes 5.9
Other 0.0

Home Size

SIZE OF Wenatchee HOMES
No Bedroom 3.35
1 Bedroom 11.76
2 Bedrooms 29.07
3 Bedrooms 37.55
4 Bedrooms 14.49
5 or more bedrooms 3.78

Wenatchee Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
80.05% 3.47% 8 9
* 10 is highest