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 3,311, 1,139 total housing units (homes and apartments), and a median house value of $470,683, Cashmere real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Cashmere, accounting for 67.96% of the city's housing units. Other types of housing that are prevalent in Cashmere include large apartment complexes or high rise apartments ( 15.78%), duplexes, homes converted to apartments or other small apartment buildings ( 11.81%), and a few mobile homes or trailers ( 2.59%).
People in Cashmere primarily live in small (one, two or no bedroom) single-family detached homes. Cashmere has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Cashmere's housing was primarily built during this period, from the '40s through the '60s. A full 33.41% of the city's housing hails from this era. Other housing ages represented in Cashmere include homes built before 1939 ( 28.24%) and housing constructed between 1970-1999 ( 22.57%). There's also some housing in Cashmere built between 2000 and later ( 15.78%).
Appreciation rates for homes in Cashmere have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 108.63%, which ranks in the top 30% nationwide. This equates to an annual average Cashmere house appreciation rate of 7.63%.
Over the last year, Cashmere appreciation rates have trailed the rest of the nation. In the last twelve months, Cashmere's appreciation rate has been 2.85%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cashmere were at -7.40%, which equates to an annual appreciation rate of -26.47%.
Notably, Cashmere's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Washington, our data show that Cashmere's latest annual appreciation rate is higher than 50% of the other cities and towns in Washington.
$470,683
for Washington
for nation
1,139
$1,770 / per month