Burien, WA Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Burien, WA Housing Market Trends

With a population of 51,500, 19,231 total housing units (homes and apartments), and a median house value of $463,683, real estate costs in Burien 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 Burien, accounting for 59.55% of the city's housing units. Other types of housing that are prevalent in Burien include large apartment complexes or high rise apartments ( 31.22%), duplexes, homes converted to apartments or other small apartment buildings ( 5.71%), and a few row houses and other attached homes ( 2.35%).

People in Burien primarily live in small (one, two or no bedroom) single-family detached homes. Burien 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. Burien's housing was primarily built during this period, from the '40s through the '60s. A full 56.11% of the city's housing hails from this era. Other housing ages represented in Burien include homes built between 1970-1999 ( 29.70%) and housing constructed before 1939 ( 7.27%). There's also some housing in Burien built between 2000 and later ( 6.92%).

Burien Home Appreciation Rates

In the last 10 years, Burien has experienced some of the highest home appreciation rates of any community in the nation. Burien real estate appreciated 100.07% over the last ten years, which is an average annual home appreciation rate of 7.18%, putting Burien in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Burien definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Burien's appreciation rate, at 7.37%, has been at or slightly above the national average. In the latest quarter, Burien's appreciation rate has been 1.69%, which annualizes to a rate of 6.94%.

Relative to Washington, our data show that Burien'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 Burien differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Burien - 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 Burien real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$463,683

Burien, WA HOME PRICES

> $1,284,000
3.5%
3.5%
$963,001 - $1,284,000
3.7%
3.7%
$642,001 - $963,000
16.8%
16.8%
$514,001 - $642,000
19.1%
19.1%
$385,001 - $514,000
27.8%
27.8%
$257,001 - $385,000
18.5%
18.5%
$128,001 - $257,000
7.5%
7.5%
$64,001 - $128,000
1.5%
1.5%
$0 - $64,000
1.5%
1.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for WA

Value Relative To Nation

Number Of Homes And Apartments:
19,231

Burien Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
156.62% 4.53%
9
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,997 / per month

Homeownership Rate

Owners
54.5%
54.5%
Renters
45.5%
45.5%
Vacant
6.0%
6.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
6.9%
6.9%
1970 - 1999
29.7%
29.7%
1940 - 1969
56.1%
56.1%
1939 or Older
7.3%
7.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
59.5%
59.5%
Townhomes
2.3%
2.3%
Small Apt. Buildings
5.7%
5.7%
Apt. Complexes
31.2%
31.2%
Mobile Homes
1.0%
1.0%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.7%
2.7%
1 Bedroom
15.6%
15.6%
2 Bedrooms
29.6%
29.6%
3 Bedrooms
31.7%
31.7%
4 Bedrooms
16.0%
16.0%
5 or more bedrooms
4.4%
4.4%
0.0% 100.0%
% OF HOMES