Analyzing Seattle Housing Prices
When relocating to any area of the country, it is important to analyze the housing prices of the area you will be calling home. Seattle is no different. When moving to Settle, be sure to understand what both the prospective owner and renter markets are like when you’re looking for a place to live and are new to the city or its housing trends.
To make understanding Seattle’s housing prices easier for the future residents of the beautiful city, Established Moving & Storage, an expert Seattle moving company, has created this quick guide. Be sure to read this article to get amazing insights into housing prices in Seattle and what renters can expect to pay.
Seattle Real Estate Prices
Seattle house price trends have been on an amazing trajectory over the past few years, and overall growth in prices in the Seattle house market has led to wealth creation for residents like never before. The average house price Seattle residents are asking for is about $900,000 as of 2022. This is an 8% increase from what prices were just one year ago! This Seattle housing market trend spells great things for anyone currently owning or looking to own a home of their own in Emerald City.
Of course, not everyone is in the position to take immediate advantage of the Seattle real estate trends taking hold in the city. Luckily there are plenty of places where renting is a completely viable option. If you want to know more about Seattle housing prices for rentals, then do not worry. Our expert Seattle movers know a thing or two about this as well.
What Does the Average Rent in Seattle Look Like?
Seattle rent prices are an important piece of the puzzle when analyzing housing prices. Renting is a much more immediate way to find a place to call home in any city and should be addressed with the same level of enthusiasm. Just like the rest of the Seattle housing market, there has been a noticeable uptick in rental prices. This trend is following similar increases going on throughout the country and is by no means a Seattle-specific situation. This can be both a benefit and a disadvantage if you are investigating rental opportunities in Seattle.
Renters who are simply looking for a place to stay will likely have to pay more for their housing. It’s simply an amazing place to live and has expectedly drawn in people from every corner of the country. With these people come more opportunities than ever for employment opportunities, and, considering how higher wages tend to encourage higher rents, the trend toward more expensive rents is predictable.
If you are considering purchasing a property as an investment, then you are coming in during a golden era in Seattle housing. Rents are higher, which means more revenue, and with prices rising, it is likely that you could sell the location for a profit at a later date. No matter what your reasons are for investigating Seattle housing prices, be sure to relocate to the area with a moving company you know you can trust!
Expert Movers in Seattle
The Seattle housing market is an amazing thing to invest in. Be sure to make the entire process of relocating to your new home a hit by teaming up with expert Seattle movers who will get the job done right. Our team of residential and commercial movers in the Seattle area will always deliver excellent service at an affordable price. Get your free online quote today, or reach out to our team to learn more.
Interested in more Seattle insights? Or insights into any of our other service areas? Be sure to read some of our other relocation articles to get the full scope of life in the city.