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 42,452 people, 16,583 houses or apartments, and a median cost of homes of $633,770, real estate costs in Puyallup 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 Puyallup, accounting for 55.46% of the city's housing units. Other types of housing that are prevalent in Puyallup include large apartment complexes or high rise apartments ( 29.29%), duplexes, homes converted to apartments or other small apartment buildings ( 11.60%), and a few row houses and other attached homes ( 2.50%).
The most prevalent building size and type in Puyallup are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.15% owning and 49.85% renting.
There is a lot of housing in Puyallup 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 Puyallup built between 2000 and later ( 24.55%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.78%). There's also some housing in Puyallup built before 1939 ( 8.16%).
In the last 10 years, Puyallup has experienced some of the highest home appreciation rates of any community in the nation. Puyallup real estate appreciated 132.36% over the last ten years, which is an average annual home appreciation rate of 8.80%, putting Puyallup in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Puyallup 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, Puyallup appreciation rates have trailed the rest of the nation. In the last twelve months, Puyallup's appreciation rate has been 2.74%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Puyallup were at 3.14%, which equates to an annual appreciation rate of 13.15%.
Importantly, this makes Puyallup one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Washington, our data show that Puyallup's latest annual appreciation rate is higher than 50% 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 Puyallup differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Puyallup - 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 Puyallup real estate investment or home purchase decisions.
$633,770
for Washington
for nation
16,583
$2,841 / per month