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 33,911 people, 11,186 houses or apartments, and a median cost of homes of $507,991, real estate costs in Lake Stevens 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 Lake Stevens, accounting for 80.19% of the city's housing units. Other types of housing that are prevalent in Lake Stevens include row houses and other attached homes ( 6.57%), duplexes, homes converted to apartments or other small apartment buildings ( 5.54%), and a few large apartment complexes or high rise apartments ( 4.87%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lake Stevens. Owner-occupied housing accounts for 74.43% of Lake Stevens's homes, and 76.76% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Lake Stevens 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 Lake Stevens built between 2000 and later ( 37.17%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.19%). There's also some housing in Lake Stevens built before 1939 ( 4.52%).
In the last 10 years, Lake Stevens has experienced some of the highest home appreciation rates of any community in the nation. Lake Stevens real estate appreciated 106.44% over the last ten years, which is an average annual home appreciation rate of 7.52%, putting Lake Stevens in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lake Stevens 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 Lake Stevens that despite a nationwide downturn in the housing market, Lake Stevens real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lake Stevens appreciation rates continue to be some of the highest in America, at 10.79%, which is higher than appreciation rates in 74.35% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lake Stevens. Lake Stevens appreciation rates in the latest quarter were at 3.76%, which equates to an annual appreciation rate of 15.93%.
Importantly, this makes Lake Stevens 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 Lake Stevens'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 Lake Stevens differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lake Stevens - 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 Lake Stevens real estate investment or home purchase decisions.
Very High for Nation
High for WA