Snoqualmie, 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

Snoqualmie, WA Housing Market Trends

With 13,622 people, 4,361 houses or apartments, and a median cost of homes of $793,835, Snoqualmie house prices are not only among the most expensive in Washington, Snoqualmie 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 Snoqualmie, accounting for 81.15% of the city's housing units. Other types of housing that are prevalent in Snoqualmie include row houses and other attached homes ( 10.29%), large apartment complexes or high rise apartments ( 5.00%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.30%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Snoqualmie. Owner-occupied housing accounts for 84.75% of Snoqualmie's homes, and 77.35% have either three or four bedrooms, which is average sized relative to America.

Snoqualmie homes and real estate are some of the newest in America. 74.63% of Snoqualmie's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Snoqualmie real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 14.47%), and before 1939 ( 7.14%). There's also some housing in Snoqualmie built between 1940-1969 ( 3.76%).

Snoqualmie Home Appreciation Rates

In the last 10 years, Snoqualmie has experienced some of the highest home appreciation rates of any community in the nation. Snoqualmie real estate appreciated 85.75% over the last ten years, which is an average annual home appreciation rate of 6.39%, putting Snoqualmie in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Snoqualmie 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 Snoqualmie that despite a nationwide downturn in the housing market, Snoqualmie real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Snoqualmie appreciation rates continue to be some of the highest in America, at 6.59%, which is higher than appreciation rates in 78.33% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Snoqualmie. Snoqualmie appreciation rates in the latest quarter were at 2.42%, which equates to an annual appreciation rate of 10.05%.

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

Average Home Values

 

Median Home Value:
$793,835

Snoqualmie, WA HOME PRICES

> $1,249,000
5.8%
5.8%
$937,001 - $1,249,000
19.6%
19.6%
$625,001 - $937,000
45.1%
45.1%
$500,001 - $625,000
13.5%
13.5%
$375,001 - $500,000
9.9%
9.9%
$250,001 - $375,000
2.7%
2.7%
$125,001 - $250,000
2.3%
2.3%
$62,001 - $125,000
0.5%
0.5%
$0 - $62,000
0.5%
0.5%
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:
4,361

Snoqualmie 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
141.55% 4.29%
8
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,336 / per month

Homeownership Rate

Owners
84.8%
84.8%
Renters
15.2%
15.2%
Vacant
3.5%
3.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
74.6%
74.6%
1970 - 1999
14.5%
14.5%
1940 - 1969
3.8%
3.8%
1939 or Older
7.1%
7.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
81.2%
81.2%
Townhomes
10.3%
10.3%
Small Apt. Buildings
3.3%
3.3%
Apt. Complexes
5.0%
5.0%
Mobile Homes
0.3%
0.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.7%
0.7%
1 Bedroom
2.3%
2.3%
2 Bedrooms
11.1%
11.1%
3 Bedrooms
40.0%
40.0%
4 Bedrooms
37.4%
37.4%
5 or more bedrooms
8.5%
8.5%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Snoqualmie

Zip Codes in Snoqualmie, WA