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 20,733, 8,465 total housing units (homes and apartments), and a median house value of $605,234, real estate costs in Silverdale 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 Silverdale, accounting for 52.97% of the town's housing units. Other types of housing that are prevalent in Silverdale include large apartment complexes or high rise apartments ( 32.25%), duplexes, homes converted to apartments or other small apartment buildings ( 7.13%), and a few row houses and other attached homes ( 5.14%).
The most prevalent building size and type in Silverdale are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 51.90% owning and 48.10% renting.
There is a lot of housing in Silverdale 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 Silverdale built between 2000 and later ( 18.13%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.94%). There's also some housing in Silverdale built before 1939 ( 2.62%).
In the last 10 years, Silverdale has experienced some of the highest home appreciation rates of any community in the nation. Silverdale real estate appreciated 135.10% over the last ten years, which is an average annual home appreciation rate of 8.92%, putting Silverdale in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Silverdale definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Silverdale that despite a nationwide downturn in the housing market, Silverdale real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Silverdale appreciation rates continue to be some of the highest in America, at 9.94%, which is higher than appreciation rates in 87.05% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Silverdale. Silverdale appreciation rates in the latest quarter were at -1.94%, which equates to an annual appreciation rate of -7.54%.
Notably, Silverdale's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Washington, our data show that Silverdale's latest annual appreciation rate is higher than 90% 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 town. Individual neighborhoods within Silverdale differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Silverdale - 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 Silverdale real estate investment or home purchase decisions.
$605,234
for Washington
for nation
8,465
$3,115 / per month