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 92,107, 37,156 total housing units (homes and apartments), and a median house value of $974,589, Kirkland house prices are not only among the most expensive in Washington, Kirkland 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 Kirkland, accounting for 55.68% of the city's housing units. Other types of housing that are prevalent in Kirkland include large apartment complexes or high rise apartments ( 34.00%), duplexes, homes converted to apartments or other small apartment buildings ( 5.23%), and a few row houses and other attached homes ( 4.97%).
The most prevalent building size and type in Kirkland are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.96% owning and 39.04% renting.
There is a lot of housing in Kirkland 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 Kirkland built between 1940-1969 ( 20.25%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.25%). There's also some housing in Kirkland built before 1939 ( 2.64%).
In the last 10 years, Kirkland has experienced some of the highest home appreciation rates of any community in the nation. Kirkland real estate appreciated 135.64% over the last ten years, which is an average annual home appreciation rate of 8.95%, putting Kirkland in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Kirkland 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, Kirkland appreciation rates have trailed the rest of the nation. In the last twelve months, Kirkland's appreciation rate has been -1.43%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Kirkland were at -5.39%, which equates to an annual appreciation rate of -19.88%.
Notably, Kirkland's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Washington, our data show that Kirkland's latest annual appreciation rate is lower than 60% 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 Kirkland differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kirkland - 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 Kirkland real estate investment or home purchase decisions.
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