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 17,113, 6,441 total housing units (homes and apartments), and a median house value of $284,215, Aberdeen real estate values are some of the lowest in Washington, although compared to real estate around the nation, Aberdeen homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Aberdeen, accounting for 65.65% of the city's housing units. Other types of housing that are prevalent in Aberdeen include large apartment complexes or high rise apartments ( 14.67%), duplexes, homes converted to apartments or other small apartment buildings ( 13.02%), and a few mobile homes or trailers ( 5.86%).
People in Aberdeen primarily live in small (one, two or no bedroom) single-family detached homes. Aberdeen has a mixture of owner-occupied and renter-occupied housing.
The housing in Aberdeen was primarily built before 1939 ( 43.01%), making the housing stock in Aberdeen some of the oldest overall in America, although there is a range of ages of homes in Aberdeen. The next most important housing age is between 1970-1999 ( 27.03%), followed by between 1940-1969 ( 25.55%). There's also some housing in Aberdeen built between 2000 and later ( 4.41%).
Vacant housing appears to be an issue in Aberdeen. Fully 10.75% of the housing stock is classified as vacant. Left unchecked, vacant Aberdeen homes and apartments can be a drag on the real estate market, holding Aberdeen real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
In the last 10 years, Aberdeen has experienced some of the highest home appreciation rates of any community in the nation. Aberdeen real estate appreciated 151.98% over the last ten years, which is an average annual home appreciation rate of 9.68%, putting Aberdeen in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Aberdeen definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Aberdeen appreciation rates have trailed the rest of the nation. In the last twelve months, Aberdeen's appreciation rate has been 1.11%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Aberdeen were at 0.16%, which equates to an annual appreciation rate of 0.63%.
Notably, Aberdeen's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Washington, our data show that Aberdeen's latest annual appreciation rate is lower than 60% 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 city. Individual neighborhoods within Aberdeen differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Aberdeen - 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 Aberdeen real estate investment or home purchase decisions.
$284,215
for Washington
for nation
6,441
$1,541 / per month