Kenmore, 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 Q4 2020. 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

Kenmore, WA Housing Market Trends

With 23,097 people, 8,858 houses or apartments, and a median cost of homes of $687,612, Kenmore house prices are not only among the most expensive in Washington, Kenmore 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 Kenmore, accounting for 68.50% of the city's housing units. Other types of housing that are prevalent in Kenmore include large apartment complexes or high rise apartments ( 22.03%), duplexes, homes converted to apartments or other small apartment buildings ( 4.02%), and a few row houses and other attached homes ( 2.75%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Kenmore. Owner-occupied housing accounts for 72.12% of Kenmore's homes, and 59.38% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Kenmore 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 Kenmore built between 1940-1969 ( 25.58%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.22%). There's also some housing in Kenmore built before 1939 ( 4.10%).

Kenmore Home Appreciation Rates

In the last 10 years, Kenmore has experienced some of the highest home appreciation rates of any community in the nation. Kenmore real estate appreciated 94.60% over the last ten years, which is an average annual home appreciation rate of 6.88%, putting Kenmore in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Kenmore definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Kenmore that despite a nationwide downturn in the housing market, Kenmore real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Kenmore appreciation rates continue to be some of the highest in America, at 6.59%, which is higher than appreciation rates in 78.12% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Kenmore. Kenmore appreciation rates in the latest quarter were at 2.42%, which equates to an annual appreciation rate of 10.02%.

Relative to Washington, our data show that Kenmore's latest annual appreciation rate is lower than 80% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$687,612

Kenmore, WA HOME PRICES

> $1,247,000
5.7%
5.7%
$935,001 - $1,247,000
15.9%
15.9%
$624,001 - $935,000
42.0%
42.0%
$499,001 - $624,000
13.7%
13.7%
$374,001 - $499,000
11.5%
11.5%
$249,001 - $374,000
6.6%
6.6%
$125,001 - $249,000
1.4%
1.4%
$62,001 - $125,000
1.0%
1.0%
$0 - $62,000
2.2%
2.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for WA

Value Relative To Nation

Number Of Homes And Apartments:
8,858

Kenmore Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
166.64% 4.78%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,465 / per month

Homeownership Rate

Owners
72.1%
72.1%
Renters
27.9%
27.9%
Vacant
3.2%
3.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
20.2%
20.2%
1970 - 1999
50.1%
50.1%
1940 - 1969
25.6%
25.6%
1939 or Older
4.1%
4.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
68.5%
68.5%
Townhomes
2.8%
2.8%
Small Apt. Buildings
4.0%
4.0%
Apt. Complexes
22.0%
22.0%
Mobile Homes
2.7%
2.7%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.7%
2.7%
1 Bedroom
7.5%
7.5%
2 Bedrooms
21.6%
21.6%
3 Bedrooms
33.1%
33.1%
4 Bedrooms
26.2%
26.2%
5 or more bedrooms
8.7%
8.7%
0.0% 100.0%
% OF HOMES