The housing market in Fort Lewis, WA is fairly strong compared to the rest of the United States. The median value for a house in Fort Lewis is $433,000 which is significantly higher than the US house median value of $338,100. Despite this high median value, the appreciation rate for houses in Fort Lewis over the last year has been 4.80%, which is less than half of the US 1 year house appreciation rate of 8.27%. This suggests that although it costs more to purchase a home in Fort Lewis, it may be worth investing as house prices are not skyrocketing at an unsustainable rate like they are elsewhere in the country.
The median home cost in Fort Lewis is $433,000. Home appreciation the last 10 years has been 176.6%. Home Appreciation in Fort Lewis is up 12.3%.
Average Age of Homes
- The median age of Fort Lewis real estate is 39 years old
The Rental Market in Fort Lewis
- Renters make up 92.9% of the Fort Lewis population
- 8.1% of houses and apartments in Fort Lewis, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.