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 6,336, 2,072 total housing units (homes and apartments), and a median house value of $1,006,374, Black Diamond house prices are not only among the most expensive in Washington, Black Diamond 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 Black Diamond, accounting for 93.18% of the city's housing units. Other types of housing that are prevalent in Black Diamond include mobile homes or trailers ( 5.72%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Black Diamond. Owner-occupied housing accounts for 86.39% of Black Diamond's homes, and 75.75% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Black Diamond 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 Black Diamond built between 2000 and later ( 31.81%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.14%). There's also some housing in Black Diamond built before 1939 ( 8.99%).
In the last 10 years, Black Diamond has experienced some of the highest home appreciation rates of any community in the nation. Black Diamond real estate appreciated 139.65% over the last ten years, which is an average annual home appreciation rate of 9.13%, putting Black Diamond in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Black Diamond definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Black Diamond's appreciation rate, at 5.38%, has been at or slightly above the national average. In the latest quarter, Black Diamond's appreciation rate has been 3.14%, which annualizes to a rate of 13.15%.
Importantly, this makes Black Diamond one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Washington, our data show that Black Diamond's latest annual appreciation rate is higher than 80% of the other cities and towns in Washington.
$1,006,374
for Washington
for nation
2,072
$2,479 / per month