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 17,352 people, 7,346 houses or apartments, and a median cost of homes of $694,856, real estate costs in Camano Island are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Washington communities.
Single-family detached homes are the single most common housing type in Camano Island, accounting for 90.72% of the town's housing units. Other types of housing that are prevalent in Camano Island include mobile homes or trailers ( 6.77%), duplexes, homes converted to apartments or other small apartment buildings ( 1.10%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Camano Island. Owner-occupied housing accounts for 90.36% of Camano Island's homes, and 62.41% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Camano Island built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Camano Island built between 2000 and later ( 28.81%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.29%). There's also some housing in Camano Island built before 1939 ( 4.39%).
Vacant housing appears to be an issue in Camano Island. Fully 15.22% of the housing stock is classified as vacant. Left unchecked, vacant Camano Island homes and apartments can be a drag on the real estate market, holding Camano Island 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, Camano Island has experienced some of the highest home appreciation rates of any community in the nation. Camano Island real estate appreciated 161.56% over the last ten years, which is an average annual home appreciation rate of 10.09%, putting Camano Island in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Camano Island definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Camano Island that despite a nationwide downturn in the housing market, Camano Island real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Camano Island appreciation rates continue to be some of the highest in America, at 15.24%, which is higher than appreciation rates in 87.71% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Camano Island. Camano Island appreciation rates in the latest quarter were at 4.41%, which equates to an annual appreciation rate of 18.85%.
Relative to Washington, our data show that Camano Island's latest annual appreciation rate is higher than 90% of the other cities and towns in Washington.
$694,856
for Washington
for nation
7,346
$2,473 / per month