Welcome to our 98037 real estate data hub, tailored for investors in Lynnwood, WA. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 98037 in Lynnwood, WA. Discover Section 8 housing opportunities and challenges to maximize your investment potential in SNOHOMISH COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Lynnwood, WA real estate investing. Uncover the wealth of information available, and position yourself for success in the Lynnwood property market.
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Location Overview
- Zip Code: 98037
- City: Lynnwood
- State: WA
- Metro Area: Seattle-Tacoma-Bellevue, WA
- County Name: SNOHOMISH COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $741,660
- Average Home Price (Single Family Homes): $761,144
- Average Monthly Rental Price (All Types): $2,243
- Price-to-Rent Ratio: 28
- Zillow Projected % appreciation from 4/2023-4/2024: -0.7%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $2,250
- Average 3 Bedroom Section 8 Rental Rates: $3,020
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 27.47
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 20.47
- Number of Units Offered in Section 8 in the County: 1430
- Number of Occupied Units in Section 8 in the County: 1363
- Percentage of Section 8 Units Occupied in the County: 95.30000305%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 371.66
- Total % Appreciation since 2000 (Government Data): 228.53
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -1.16%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): -3.22%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 28.23%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 37.09%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 127.22%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 56.43%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 134.1%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 3.03%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 3.71%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 23.76%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 34.77%