As the population and demand for housing in Seattle has increased over the past decade, outlying communities and suburbs have become popular destinations for families, couples, and individuals seeking affordable housing. Apartment living has always offered an ideal balance of amenities and convenience, but renting has also become a more affordable option for thousands of families in the Seattle region.
If you’re seeking a new home in Seattle, you may find it beneficial to understand the current housing prices in Seattle, as well as those in suburbs and nearby towns like Everett.
Housing Statistics in Everett, Washington & the Surrounding Communities
The U.S. Census Bureau and the U.S> Department of Housing and Urban Development (HUD) regularly release statistics on the nationwide housing market, as well as statistics for major metropolitan areas. In their September 2017 report, the agencies counted 1,300,00 building permits, 1,180,000 housing starts, and 1,075,000 housing completions.
These numbers represent an overall, increasing trend for the past several years. In 2012, which was only a short time into the economic recovery, the nation was only seeing around 600,000 houses completed and slightly more housing starts. For statistics in the West, the government counted 199,000 single-family permits requested and 362,000 permits overall for the region.
Meanwhile, the Seattle Department of Construction & Inspections counted a total of 880 permits for the Seattle area totaling $437,591,706 worth of work. Although the total might appear impressive, the number of people interested in finding housing in Seattle has remained far above the number of available housing units under construction, on the market, and recently completed.
Housing and Apartment Costs in Everett, Washington
One of the reasons families choose Everett for their new home is because of the savings on rent gained by living north of the metropolitan area. According to Rent Jungle, the average price of a one-bedroom apartment in Everett was $1,228, and the average price of a two-bedroom apartment was $1,417. Overall, the average price of an apartment was $1,374 in Everett.
These prices represent an upward trend in rental costs that have been slowly increasing since 2011. Although prices for rent did fall somewhat in the middle of 2011, it wasn’t long before average prices began climbing again in 2012. Since that time, rental costs have been climbing, but they haven’t been on the same meteoric rise as the rental prices seen in downtown Seattle.
Within the city of Seattle, apartment prices have risen far beyond those seen in Everett. On average, prices for apartments in Seattle have hovered around $2,195 while the average for a 2-bedroom apartment in Seattle has reached $2,763. Due to these rising rental rates, many families have chosen locales like Everett and other towns outside of Seattle for greater affordability in cost-of-living expenditures.
Affordable & Contemporary Living at Colby Creek
You won’t need to compromise on any facet of your apartment search when you choose Colby Creek as your home in Everett. Not only do we offer upscale features like washer and dryer units, outside storage, and large apartment homes, but we also provide a spotless and contemporary environment in which to live.
Whether you’re moving to Everett with your family, your significant other, or are seeking your own residence for the very first time, we have an apartment home to suit your needs. Contact us today to set up a time to visit and to take a tour of our idyllic apartment community in Everett.