The median value of housing in Lake Tapps, WA is $589,100, which is higher than the US median value of $338,100. The appreciation rate of houses in Lake Tapps, WA is 6.79% annually, which is lower than the US 1 year house appreciation rate of 8.27%. This indicates that Lake Tapps housing market has been experiencing slower growth than other parts of the country. Despite this slower growth rate, the median house values remain high and it remains a desirable location for many people looking to purchase a home.
The median home cost in Lake Tapps is $589,100. Home appreciation the last 10 years has been 149.1%. Home Appreciation in Lake Tapps is up 13.6%.
Average Age of Homes
- The median age of Lake Tapps real estate is 30 years old
The Rental Market in Lake Tapps
- Renters make up 12.2% of the Lake Tapps population
- 0.1% of houses and apartments in Lake Tapps, 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.