Vashon, 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

Vashon, WA Housing Market Trends

With 11,237 people, 4,664 houses or apartments, and a median cost of homes of $731,558, Vashon house prices are not only among the most expensive in Washington, Vashon 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 Vashon, accounting for 85.91% of the town's housing units. Other types of housing that are prevalent in Vashon include large apartment complexes or high rise apartments ( 6.51%), mobile homes or trailers ( 4.75%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.29%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Vashon. Owner-occupied housing accounts for 79.64% of Vashon's homes, and 55.04% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Vashon 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 Vashon built between 1940-1969 ( 20.72%). A lesser amount of the housing stock also hails from before 1939 ( 17.59%). There's also some housing in Vashon built between 2000 and later ( 15.32%).

Vacant housing appears to be an issue in Vashon. Fully 17.32% of the housing stock is classified as vacant. Left unchecked, vacant Vashon homes and apartments can be a drag on the real estate market, holding Vashon real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Vashon Home Appreciation Rates

In the last 10 years, Vashon has experienced some of the highest home appreciation rates of any community in the nation. Vashon real estate appreciated 63.48% over the last ten years, which is an average annual home appreciation rate of 5.04%, putting Vashon in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Vashon 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 Vashon that despite a nationwide downturn in the housing market, Vashon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Vashon appreciation rates continue to be some of the highest in America, at 6.58%, which is higher than appreciation rates in 78.02% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Vashon. Vashon 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 Vashon's latest annual appreciation rate is lower than 90% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$731,558

Vashon, WA HOME PRICES

> $1,237,000
9.2%
9.2%
$928,001 - $1,237,000
16.6%
16.6%
$619,001 - $928,000
28.9%
28.9%
$495,001 - $619,000
16.8%
16.8%
$371,001 - $495,000
16.1%
16.1%
$247,001 - $371,000
8.7%
8.7%
$124,001 - $247,000
2.5%
2.5%
$62,001 - $124,000
0.2%
0.2%
$0 - $62,000
1.0%
1.0%
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:
4,664

Vashon 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
131.55% 4.08%
6
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,554 / per month

Homeownership Rate

Owners
79.6%
79.6%
Renters
20.4%
20.4%
Vacant
17.3%
17.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
15.3%
15.3%
1970 - 1999
46.4%
46.4%
1940 - 1969
20.7%
20.7%
1939 or Older
17.6%
17.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
85.9%
85.9%
Townhomes
0.0%
0.0%
Small Apt. Buildings
2.3%
2.3%
Apt. Complexes
6.5%
6.5%
Mobile Homes
4.8%
4.8%
Other
0.5%
0.5%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.7%
4.7%
1 Bedroom
14.3%
14.3%
2 Bedrooms
22.2%
22.2%
3 Bedrooms
39.6%
39.6%
4 Bedrooms
15.4%
15.4%
5 or more bedrooms
3.8%
3.8%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Vashon

Zip Codes in Vashon, WA