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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 22,885 people, 7,800 houses or apartments, and a median cost of homes of $709,322, real estate costs in Bonney Lake are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Washington communities.
Single-family detached homes are the single most common housing type in Bonney Lake, accounting for 82.23% of the city's housing units. Other types of housing that are prevalent in Bonney Lake include large apartment complexes or high rise apartments ( 6.07%), mobile homes or trailers ( 3.98%), and a few row houses and other attached homes ( 3.64%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bonney Lake. Owner-occupied housing accounts for 79.27% of Bonney Lake's homes, and 76.22% have either three or four bedrooms, which is average sized relative to America.
Bonney Lake homes and real estate are some of the newest in America. 48.85% of Bonney Lake's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Bonney Lake real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 41.81%), and between 1940-1969 ( 7.62%). There's also some housing in Bonney Lake built before 1939 ( 1.71%).
In the last 10 years, Bonney Lake has experienced some of the highest home appreciation rates of any community in the nation. Bonney Lake real estate appreciated 140.53% over the last ten years, which is an average annual home appreciation rate of 9.17%, putting Bonney Lake in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bonney Lake definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Bonney Lake appreciation rates have trailed the rest of the nation. In the last twelve months, Bonney Lake's appreciation rate has been 3.26%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bonney Lake were at 3.14%, which equates to an annual appreciation rate of 13.15%.
Importantly, this makes Bonney Lake one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Washington, our data show that Bonney Lake'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 Bonney Lake differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bonney Lake - 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 Bonney Lake real estate investment or home purchase decisions.
$709,322
for Washington
for nation
7,800
$3,390 / per month