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 2,959, 1,507 total housing units (homes and apartments), and a median house value of $675,320, real estate costs in Port Ludlow 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 Port Ludlow, accounting for 83.82% of the town's housing units. Other types of housing that are prevalent in Port Ludlow include large apartment complexes or high rise apartments ( 7.63%), duplexes, homes converted to apartments or other small apartment buildings ( 4.60%), and a few mobile homes or trailers ( 3.08%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Port Ludlow. Owner-occupied housing accounts for 87.59% of Port Ludlow's homes, and 65.15% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Port Ludlow 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 Port Ludlow built between 2000 and later ( 34.69%). A lesser amount of the housing stock also hails from before 1939 ( 1.89%).
Vacant housing appears to be an issue in Port Ludlow. Fully 18.45% of the housing stock is classified as vacant. Left unchecked, vacant Port Ludlow homes and apartments can be a drag on the real estate market, holding Port Ludlow real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
In the last 10 years, Port Ludlow has experienced some of the highest home appreciation rates of any community in the nation. Port Ludlow real estate appreciated 123.63% over the last ten years, which is an average annual home appreciation rate of 8.38%, putting Port Ludlow in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Port Ludlow 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, Port Ludlow appreciation rates have trailed the rest of the nation. In the last twelve months, Port Ludlow's appreciation rate has been 4.40%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Port Ludlow were at 1.96%, which equates to an annual appreciation rate of 8.07%.
Relative to Washington, our data show that Port Ludlow's latest annual appreciation rate is lower than 60% of the other cities and towns in Washington.
$675,320
for Washington
for nation
1,507
$2,939 / per month