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 4,141 people, 1,916 houses or apartments, and a median cost of homes of $577,568, real estate costs in Longbranch are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Washington communities.
Single-family detached homes are the single most common housing type in Longbranch, accounting for 66.78% of the town's housing units. Other types of housing that are prevalent in Longbranch include mobile homes or trailers ( 26.18%), duplexes, homes converted to apartments or other small apartment buildings ( 2.19%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Longbranch. Owner-occupied housing accounts for 84.24% of Longbranch's homes, and 59.83% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Longbranch 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 Longbranch built between 2000 and later ( 33.26%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.94%). There's also some housing in Longbranch built before 1939 ( 8.71%).
Vacant housing appears to be an issue in Longbranch. Fully 25.13% of the housing stock is classified as vacant. Left unchecked, vacant Longbranch homes and apartments can be a drag on the real estate market, holding Longbranch 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.
In the last 10 years, Longbranch has experienced some of the highest home appreciation rates of any community in the nation. Longbranch real estate appreciated 144.56% over the last ten years, which is an average annual home appreciation rate of 9.36%, putting Longbranch in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Longbranch 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, Longbranch appreciation rates have trailed the rest of the nation. In the last twelve months, Longbranch's appreciation rate has been 5.23%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Longbranch were at 3.14%, which equates to an annual appreciation rate of 13.15%.
Importantly, this makes Longbranch 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 Longbranch's latest annual appreciation rate is higher than 80% of the other cities and towns in Washington.
$577,568
for Washington
for nation
1,916
$2,126 / per month