Mukilteo, 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

Mukilteo, WA Housing Market Trends

With 21,441 people, 8,176 houses or apartments, and a median cost of homes of $724,277, Mukilteo house prices are not only among the most expensive in Washington, Mukilteo 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 Mukilteo, accounting for 60.61% of the city's housing units. Other types of housing that are prevalent in Mukilteo include large apartment complexes or high rise apartments ( 29.09%), row houses and other attached homes ( 7.26%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.45%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mukilteo. Owner-occupied housing accounts for 71.16% of Mukilteo's homes, and 59.67% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mukilteo 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 Mukilteo built between 2000 and later ( 22.58%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.45%). There's also some housing in Mukilteo built before 1939 ( 1.44%).

Mukilteo Home Appreciation Rates

In the last 10 years, Mukilteo has experienced some of the highest home appreciation rates of any community in the nation. Mukilteo real estate appreciated 81.03% over the last ten years, which is an average annual home appreciation rate of 6.11%, putting Mukilteo in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Mukilteo 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, Mukilteo's appreciation rate, at 7.33%, has been at or slightly above the national average. In the latest quarter, Mukilteo's appreciation rate has been 1.69%, which annualizes to a rate of 6.93%.

Relative to Washington, our data show that Mukilteo's latest annual appreciation rate is lower than 80% 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 Mukilteo differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mukilteo - 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 Mukilteo real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$724,277

Mukilteo, WA HOME PRICES

> $1,227,000
7.4%
7.4%
$920,001 - $1,227,000
12.0%
12.0%
$613,001 - $920,000
38.2%
38.2%
$491,001 - $613,000
17.0%
17.0%
$368,001 - $491,000
14.4%
14.4%
$245,001 - $368,000
4.5%
4.5%
$123,001 - $245,000
3.7%
3.7%
$61,001 - $123,000
0.7%
0.7%
$0 - $61,000
2.0%
2.0%
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:
8,176

Mukilteo 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
142.62% 4.26%
7
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,637 / per month

Homeownership Rate

Owners
71.2%
71.2%
Renters
28.8%
28.8%
Vacant
6.7%
6.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
22.6%
22.6%
1970 - 1999
71.5%
71.5%
1940 - 1969
4.5%
4.5%
1939 or Older
1.4%
1.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
60.6%
60.6%
Townhomes
7.3%
7.3%
Small Apt. Buildings
2.5%
2.5%
Apt. Complexes
29.1%
29.1%
Mobile Homes
0.6%
0.6%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.2%
3.2%
1 Bedroom
6.5%
6.5%
2 Bedrooms
24.5%
24.5%
3 Bedrooms
33.8%
33.8%
4 Bedrooms
25.9%
25.9%
5 or more bedrooms
6.2%
6.2%
0.0% 100.0%
% OF HOMES