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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Otis Orchards, 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 Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Otis Orchards, WA Housing Market Trends

With 11,725 people, 4,380 houses or apartments, and a median cost of homes of $393,907, Otis Orchards real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Otis Orchards, accounting for 79.71% of the town's housing units. Other types of housing that are prevalent in Otis Orchards include mobile homes or trailers ( 18.23%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Otis Orchards. Owner-occupied housing accounts for 92.71% of Otis Orchards's homes, and 69.49% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Otis Orchards 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 Otis Orchards built between 2000 and later ( 16.86%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.48%). There's also some housing in Otis Orchards built before 1939 ( 2.83%).

Otis Orchards Home Appreciation Rates

In the last 10 years, Otis Orchards has experienced some of the highest home appreciation rates of any community in the nation. Otis Orchards real estate appreciated 125.05% over the last ten years, which is an average annual home appreciation rate of 8.45%, putting Otis Orchards in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Otis Orchards 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, Otis Orchards appreciation rates have trailed the rest of the nation. In the last twelve months, Otis Orchards's appreciation rate has been -1.60%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Otis Orchards were at 0.85%, which equates to an annual appreciation rate of 3.46%.

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

Average Home Values

Median Home Value

$393,907

Otis Orchards, WA Home Prices
> $1,317,000
$988,001 - $1,317,000
$658,001 - $988,000
$527,001 - $658,000
$395,001 - $527,000
$263,001 - $395,000
$132,001 - $263,000
$66,001 - $132,000
$0 - $66,000
3.5%
3.5%
5.7%
5.7%
16.2%
16.2%
16.4%
16.4%
16.4%
16.4%
22.5%
22.5%
5.5%
5.5%
5.0%
5.0%
8.8%
8.8%
0% 100.0%
% of Homes
Low

for Washington

High

for nation

Number of Homes And Apartments:

4,380

Otis Orchards Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,719 / per month

Homeownership Rate

Owners
Renters
92.7%
92.7%
7.3%
7.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
0.7%
0.7%
99.3%
99.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
16.9%
16.9%
73.8%
73.8%
6.5%
6.5%
2.8%
2.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
79.7%
79.7%
0.4%
0.4%
1.0%
1.0%
0.4%
0.4%
18.2%
18.2%
0.4%
0.4%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
2.5%
2.5%
19.4%
19.4%
38.9%
38.9%
30.6%
30.6%
8.7%
8.7%
0% 100.0%
% of Homes

Popular Neighborhoods in Otis Orchards

Zip Codes in Otis Orchards, WA