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 a population of 6,018, 2,329 total housing units (homes and apartments), and a median house value of $451,260, Blaine real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Blaine, accounting for 63.04% of the city's housing units. Other types of housing that are prevalent in Blaine include duplexes, homes converted to apartments or other small apartment buildings ( 12.38%), large apartment complexes or high rise apartments ( 11.15%), and a few row houses and other attached homes ( 9.71%).
The most prevalent building size and type in Blaine are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.91% owning and 35.09% renting.
Blaine homes and real estate are some of the newest in America. 45.98% of Blaine's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Blaine real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 33.86%), and before 1939 ( 12.23%). There's also some housing in Blaine built between 1940-1969 ( 7.93%).
In the last 10 years, Blaine has experienced some of the highest home appreciation rates of any community in the nation. Blaine real estate appreciated 118.38% over the last ten years, which is an average annual home appreciation rate of 8.12%, putting Blaine in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Blaine 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, Blaine appreciation rates have trailed the rest of the nation. In the last twelve months, Blaine's appreciation rate has been 1.26%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Blaine were at 5.19%, which equates to an annual appreciation rate of 22.44%.
Importantly, this makes Blaine 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 Blaine's latest annual appreciation rate is lower than 60% 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 Blaine differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Blaine - 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 Blaine real estate investment or home purchase decisions.
$451,260
for Washington
for nation
2,329
$1,807 / per month