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2023/10/04 Council Agenda Packet
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2023/10/04 Council Agenda Packet
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10/5/2023 9:53:55 AM
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10/5/2023 8:42:22 AM
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Council Agenda Packet
Date
10/4/2023
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Current Everett Data <br />20221 20232 <br />Type Cost Required Income3 Sold/Renting Cost Required Income Sold/Renting <br />Single Family $619k $130,270 710 $585k $139,036 353 <br />Townhome/Condo $390k $82,334 232 $395k $93,929 149 <br />1BR $1,870/mo $74,800 221 $1,897 $76,240 252 <br />2BR $2,137/mo $85,480 238 $2,173 $86,440 266 <br />3BR $2,510/mo $100,400 48 $2,695 $107,480 33 <br />MH Park $155k $31,974 75 $135k $31,486 45 <br />SF/Th/Cnd <$400k N/A $67,755 151 (28 SFR)N/A $76,309 98 (21 SFR) <br />1 –Rental data from August to December, 2022 <br />2 –Home sales data January –August, rental data January to October 2 <br />3 –Loan terms: 10% down, avg. yearly Everett property tax rate, $1:$1000AV home insurance, 30 year term <br />•Prices fell, required income rose for the same reason: Interest rates (~2.2% to ~6.4%) <br />•Apartment prices staying steady in the last 12 months <br />•Mobile Home Park housing declining in recent data, still higher than 2021
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