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 11,055, 4,661 total housing units (homes and apartments), and a median house value of $886,310, 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 85.00% of the town's housing units. Other types of housing that are prevalent in Vashon include mobile homes or trailers ( 5.61%), large apartment complexes or high rise apartments ( 5.57%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.64%).
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 80.50% of Vashon's homes, and 57.15% 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 before 1939 ( 22.49%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.68%). There's also some housing in Vashon built between 2000 and later ( 10.56%).
Vacant housing appears to be an issue in Vashon. Fully 16.75% 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.
Appreciation rates for homes in Vashon have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 109.32%, which ranks in the top 30% nationwide. This equates to an annual average Vashon house appreciation rate of 7.67%.
Over the last year, Vashon appreciation rates have trailed the rest of the nation. In the last twelve months, Vashon's appreciation rate has been 4.99%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Vashon were at 3.14%, which equates to an annual appreciation rate of 13.15%.
Importantly, this makes Vashon one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Washington, our data show that Vashon's latest annual appreciation rate is higher than 80% of the other cities and towns in Washington.
$886,310
for Washington
for nation
4,661
$2,190 / per month