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 203, 136 total housing units (homes and apartments), and a median house value of $889,171, Bow house prices are not only among the most expensive in Washington, Bow 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 Bow, accounting for 100.00% of the town's housing units.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bow. Owner-occupied housing accounts for 100.00% of Bow's homes, and 67.03% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Bow's housing was primarily built during this period, from the '40s through the '60s. A full 56.76% of the town's housing hails from this era. Other housing ages represented in Bow include homes built between 2000 and later ( 26.49%) and housing constructed between 1970-1999 ( 10.27%). There's also some housing in Bow built before 1939 ( 6.49%).
Vacant housing appears to be an issue in Bow. Fully 26.49% of the housing stock is classified as vacant. Left unchecked, vacant Bow homes and apartments can be a drag on the real estate market, holding Bow 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.
In the last 10 years, Bow has experienced some of the highest home appreciation rates of any community in the nation. Bow real estate appreciated 182.44% over the last ten years, which is an average annual home appreciation rate of 10.94%, putting Bow in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bow 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 Bow that despite a nationwide downturn in the housing market, Bow real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bow appreciation rates continue to be some of the highest in America, at 13.26%, which is higher than appreciation rates in 95.80% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bow. Bow appreciation rates in the latest quarter were at -0.32%, which equates to an annual appreciation rate of -1.26%.
Notably, Bow's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Washington, our data show that Bow's latest annual appreciation rate is higher than 90% of the other cities and towns in Washington.
$889,171
for Washington
for nation
136
$1,833 / per month