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 8,915 people, 2,554 houses or apartments, and a median cost of homes of $322,137, Othello real estate values are some of the lowest in Washington, although compared to real estate around the nation, Othello homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Othello, accounting for 66.00% of the city's housing units. Other types of housing that are prevalent in Othello include duplexes, homes converted to apartments or other small apartment buildings ( 17.31%), large apartment complexes or high rise apartments ( 12.49%), and a few row houses and other attached homes ( 3.66%).
The most prevalent building size and type in Othello are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.28% owning and 48.72% renting.
There is a lot of housing in Othello 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 Othello built between 2000 and later ( 30.92%). A lesser amount of the housing stock also hails from between 1940-1969 ( 30.65%). There's also some housing in Othello built before 1939 ( 6.36%).
Appreciation rates for homes in Othello have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 104.02%, which ranks in the top 30% nationwide. This equates to an annual average Othello house appreciation rate of 7.39%.
Over the last year, Othello appreciation rates have trailed the rest of the nation. In the last twelve months, Othello's appreciation rate has been 0.83%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Othello were at -0.83%, which equates to an annual appreciation rate of -3.28%.
Notably, Othello's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Washington, our data show that Othello's latest annual appreciation rate is higher than 80% 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 Othello differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Othello - 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 Othello real estate investment or home purchase decisions.
$322,137
for Washington
for nation
2,554
$1,488 / per month