Gig Harbor, WA is an affluent area known for its high median housing value, which currently stands at $704,800. This is significantly higher than the US median value of $338,100 and reflects the area's popularity as a desirable place to live. Furthering this trend in recent years has been a 6.79% appreciation rate for houses in Gig Harbor compared to the 8.27% appreciation rate for homes nationwide. This can be attributed to factors such as increasing demand, economic stability, and attractive amenities that make Gig Harbor such an attractive place to live.
The median home cost in Gig Harbor is $704,800. Home appreciation the last 10 years has been 149.1%. Home Appreciation in Gig Harbor is up 13.6%.
Average Age of Homes
- The median age of Gig Harbor real estate is 28 years old
The Rental Market in Gig Harbor
- Renters make up 40.9% of the Gig Harbor population
- 0.6% of houses and apartments in Gig Harbor, 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.