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 8,534 people, 3,335 houses or apartments, and a median cost of homes of $413,900, Selah real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Selah, accounting for 65.96% of the city's housing units. Other types of housing that are prevalent in Selah include large apartment complexes or high rise apartments ( 20.63%), row houses and other attached homes ( 9.48%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.92%).
The most prevalent building size and type in Selah are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.65% owning and 46.35% renting.
There is a lot of housing in Selah 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 Selah built between 2000 and later ( 21.04%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.84%). There's also some housing in Selah built before 1939 ( 13.57%).
Appreciation rates for homes in Selah have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 99.48%, which ranks in the top 40% nationwide. This equates to an annual average Selah house appreciation rate of 7.15%.
Over the last year, Selah appreciation rates have trailed the rest of the nation. In the last twelve months, Selah's appreciation rate has been 1.94%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Selah were at 3.02%, which equates to an annual appreciation rate of 12.65%.
Importantly, this makes Selah 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 Selah's latest annual appreciation rate is lower than 50% of the other cities and towns in Washington.
$413,900
for Washington
for nation
3,335
$2,428 / per month