Living in Port Orchard, WA
Port Orchard, WA is a picturesque waterfront community known for its vibrant culture, access to nature, and strong educational institutions. Families and outdoor enthusiasts are drawn to its well-maintained parks and recreational activities. The city’s connectivity to Seattle via ferry adds to its appeal for those seeking a tranquil lifestyle with urban convenience.
Current Market Conditions in Port Orchard, WA
The current real estate market in Port Orchard shows a steady increase in home values, reflecting the growing interest in this charming coastal city. Investors are particularly drawn to the area due to its appealing lifestyle, coupled with a robust job market in nearby metropolitan areas.
With a mix of single-family homes, townhouses, and condominiums, the market caters to a diverse demographic, from first-time buyers to retirees, contributing to a vibrant community. As more people discover the benefits of life in Port Orchard, the demand for housing is expected to continue to rise.
Home Value Estimator For Port Orchard, WA
There are currently 27,180 real estate properties
in Port Orchard, WA,
with a median automated valuation model (AVM) price
of $516,334.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Port Orchard, WA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Port Orchard, WA,
is $561,048.00, with the most expensive house
in Port Orchard, WA, topping out
at $16,122,724.00 and the cheapest home
in Port Orchard, WA,
clocking in at $16,835.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Port Orchard, WA!
Rent Prices
In Port Orchard, WA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Port Orchard, WA, is on
a rollercoaster ride. The
average rent price in Port Orchard, WA,
is $1,612.00. Indeed, when looking to rent in
Port Orchard, WA, you can expect to pay as little
as $770.00 or as much
as $3,840.00,
with the average rent median estimated to
be $1,570.00. The good news is that finding
an affordable and desirable property to rent in Port Orchard, WA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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