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 1,102 people, 437 houses or apartments, and a median cost of homes of $306,359, Tonasket real estate values are some of the lowest in Washington, although compared to real estate around the nation, Tonasket homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Tonasket, accounting for 56.99% of the city's housing units. Other types of housing that are prevalent in Tonasket include duplexes, homes converted to apartments or other small apartment buildings ( 16.16%), mobile homes or trailers ( 12.45%), and a few large apartment complexes or high rise apartments ( 12.23%).
People in Tonasket primarily live in small (one, two or no bedroom) single-family detached homes. Tonasket has a mixture of owner-occupied and renter-occupied housing.
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. Tonasket's housing was primarily built during this period, from the '40s through the '60s. A full 52.18% of the city's housing hails from this era. Other housing ages represented in Tonasket include homes built between 1970-1999 ( 28.17%) and housing constructed before 1939 ( 18.34%). There's also some housing in Tonasket built between 2000 and later ( 1.31%).
Real estate appreciation rates in Tonasket's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.47% during the period.
Over the last year, Tonasket appreciation rates have trailed the rest of the nation. In the last twelve months, Tonasket's appreciation rate has been -1.02%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Tonasket were at 0.16%, which equates to an annual appreciation rate of 0.63%.
Notably, Tonasket's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Washington, our data show that Tonasket's latest annual appreciation rate is lower than 80% of the other cities and towns in Washington.
$306,359
for Washington
for nation
437
$1,379 / per month