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 79,315, 23,134 total housing units (homes and apartments), and a median house value of $430,513, Pasco real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Pasco, accounting for 73.00% of the city's housing units. Other types of housing that are prevalent in Pasco include large apartment complexes or high rise apartments ( 12.05%), duplexes, homes converted to apartments or other small apartment buildings ( 5.82%), and a few mobile homes or trailers ( 4.66%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pasco. Owner-occupied housing accounts for 68.45% of Pasco's homes, and 68.27% have either three or four bedrooms, which is average sized relative to America.
Pasco homes and real estate are some of the newest in America. 47.80% of Pasco'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 Pasco real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 26.84%), and between 1940-1969 ( 20.55%). There's also some housing in Pasco built before 1939 ( 4.81%).
In the last 10 years, Pasco has experienced some of the highest home appreciation rates of any community in the nation. Pasco real estate appreciated 124.41% over the last ten years, which is an average annual home appreciation rate of 8.42%, putting Pasco in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Pasco 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, Pasco appreciation rates have trailed the rest of the nation. In the last twelve months, Pasco's appreciation rate has been 4.32%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pasco were at 0.16%, which equates to an annual appreciation rate of 0.66%.
Notably, Pasco's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Washington, our data show that Pasco's latest annual appreciation rate is higher than 70% of the other cities and towns in Washington.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Pasco differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Pasco - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Pasco real estate investment or home purchase decisions.
$430,513
for Washington
for nation
23,134
$2,217 / per month