8 Washington Cities Where Home Prices Are Skyrocketing
Washington State consistently ranks among the best for life expectancy and low unemployment, and is known for being both politically and socially liberal. The Evergreen State saw an influx of residents during the beginning of the pandemic, but by 2022, there were more people leaving the state than coming in, moveBuddha reported.
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Unfortunately, that didn't translate into a drop in home prices -- in fact, the opposite seems to have occurred. In several cities across Washington, home prices increased by 50% or more from 2020 to 2022.
Here's a look at the eight Washington cities where home prices are skyrocketing.
1. Pasco, Washington
Population growth from 2010 to 2020: 30%
Average home value in 2020: $292,823
Average home value in 2022: $412,026
Increase in home value from 2020 to 2022: 57%
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2. Longview, Washington
Population growth from 2010 to 2020: 3%
Average home value in 2020: $288,435
Average home value in 2022: $391,910
Increase in home value from 2020 to 2022: 55%
3. Yakima, Washington
Population growth from 2010 to 2020: 6%
Average home value in 2020: $263,992
Average home value in 2022: $347,228
Increase in home value from 2020 to 2022: 54%
4. Spokane, Washington
Population growth from 2010 to 2020: 10%
Average home value in 2020: $283,085
Average home value in 2022: $401,201
Increase in home value from 2020 to 2022: 53%
5. Shelton, Washington
6. Kennewick, Washington
Population growth from 2010 to 2020: 14%
Average home value in 2020: $316,190
Average home value in 2022: $418,993
Increase in home value from 2020 to 2022: 51%
7. Pullman, Washington
Population growth from 2010 to 2020: 10%
Average home value in 2020: $348,034
Average home value in 2022: $482,024
Increase in home value from 2020 to 2022: 50%
8. Port Angeles, Washington
This article originally appeared on GOBankingRates.com: 8 Washington Cities Where Home Prices Are Skyrocketing