The housing market in Raft Island, WA is thriving. The median value for houses in the area is an impressive $786,400, which is significantly higher than the US median of $338,100. In the past year, the appreciation rate of houses in Raft Island was 6.79%, slightly lower than the national average of 8.27%. This shows that there is a strong demand for housing in this area and that it has potential for further growth. With its high median house value and attractive appreciation rate, Raft Island could be a great option for prospective home buyers looking to invest in a new property.
The median home cost in Raft Island is $786,400. Home appreciation the last 10 years has been 149.1%. Home Appreciation in Raft Island is up 13.6%.
Average Age of Homes
- The median age of Raft Island real estate is 35 years old
The Rental Market in Raft Island
- Renters make up 7.7% of the Raft Island population
- 12.1% of houses and apartments in Raft Island, 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.