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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Loon Lake, WA Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Loon Lake, WA Housing Market Trends

With 898 people, 335 houses or apartments, and a median cost of homes of $552,629, real estate costs in Loon Lake are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Washington communities.

Single-family detached homes are the single most common housing type in Loon Lake, accounting for 74.37% of the town's housing units. Other types of housing that are prevalent in Loon Lake include mobile homes or trailers ( 25.30%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Loon Lake. Owner-occupied housing accounts for 95.52% of Loon Lake's homes, and 58.01% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Loon Lake built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Loon Lake built between 2000 and later ( 29.17%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.97%). There's also some housing in Loon Lake built before 1939 ( 9.95%).

A decent proportion of the Loon Lake housing stock is seasonally occupied. That is, homes and condos in Loon Lake are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Loon Lake housing market speaks to its popularity as a vacation location of choice.

Loon Lake Home Appreciation Rates

In the last 10 years, Loon Lake has experienced some of the highest home appreciation rates of any community in the nation. Loon Lake real estate appreciated 126.37% over the last ten years, which is an average annual home appreciation rate of 8.51%, putting Loon Lake in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Loon Lake 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, Loon Lake appreciation rates have trailed the rest of the nation. In the last twelve months, Loon Lake's appreciation rate has been -4.00%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Loon Lake were at 0.85%, which equates to an annual appreciation rate of 3.46%.

Relative to Washington, our data show that Loon Lake's latest annual appreciation rate is lower than 90% of the other cities and towns in Washington.

Average Home Values

Median Home Value

$552,629

Loon Lake, WA Home Prices
> $1,329,000
$997,001 - $1,329,000
$664,001 - $997,000
$531,001 - $664,000
$399,001 - $531,000
$266,001 - $399,000
$133,001 - $266,000
$67,001 - $133,000
$0 - $67,000
1.3%
1.3%
6.2%
6.2%
13.6%
13.6%
17.9%
17.9%
13.6%
13.6%
20.6%
20.6%
17.9%
17.9%
4.9%
4.9%
4.2%
4.2%
0% 100.0%
% of Homes
Average

for Washington

Very High

for nation

Number of Homes And Apartments:

335

Loon Lake Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,891 / per month

Homeownership Rate

Owners
Renters
95.5%
95.5%
4.5%
4.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
43.5%
43.5%
56.5%
56.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
29.2%
29.2%
34.9%
34.9%
26.0%
26.0%
9.9%
9.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
74.4%
74.4%
0.3%
0.3%
0.0%
0.0%
0.0%
0.0%
25.3%
25.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.7%
0.7%
14.5%
14.5%
20.4%
20.4%
46.5%
46.5%
11.5%
11.5%
6.4%
6.4%
0% 100.0%
% of Homes

Popular Neighborhoods in Loon Lake

Zip Codes in Loon Lake, WA