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 a population of 7,902, 2,797 total housing units (homes and apartments), and a median house value of $1,059,009, North Bend house prices are not only among the most expensive in Washington, North Bend 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 North Bend, accounting for 69.96% of the city's housing units. Other types of housing that are prevalent in North Bend include large apartment complexes or high rise apartments ( 17.05%), duplexes, homes converted to apartments or other small apartment buildings ( 5.54%), and a few mobile homes or trailers ( 3.96%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in North Bend. Owner-occupied housing accounts for 72.38% of North Bend's homes, and 67.65% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in North Bend 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 North Bend built between 2000 and later ( 25.54%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.19%). There's also some housing in North Bend built before 1939 ( 3.58%).
In the last 10 years, North Bend has experienced some of the highest home appreciation rates of any community in the nation. North Bend real estate appreciated 140.01% over the last ten years, which is an average annual home appreciation rate of 9.15%, putting North Bend in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, North Bend 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, North Bend appreciation rates have trailed the rest of the nation. In the last twelve months, North Bend's appreciation rate has been 4.59%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in North Bend were at 3.14%, which equates to an annual appreciation rate of 13.15%.
Importantly, this makes North Bend 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 North Bend's latest annual appreciation rate is higher than 70% of the other cities and towns in Washington.
$1,059,009
for Washington
for nation
2,797
$2,442 / per month