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<br /> Page 90
<br />Everett 2044 Housing Element Appendix
<br />Category 2: Sensitfve informatfon
<br />47. Owner-Occupied Housing Value and Affordability (2010-2023)
<br />Description 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
<br />Median owner-
<br />occupied housing
<br />value ($) 277,100 272,700 251,200 237,600 230,800 230,800 242,200 267,800 293,200 322,700 359,900 394,900 471,200 532,300
<br />Median earnings for
<br />workers 16 years and
<br />over ($) 29,836 30,884 30,586 31,165 31,155 31,208 31,923 33,771 34,078 35,970 37,385 39,898 45,113 49,049
<br />Median household
<br />income ($) 47,552 48,410 47,491 47,482 48,562 49,578 50,933 54,562 57,205 60,759 66,023 71,357 77,806 81,502
<br />Mortgage rates (%) 4.69% 4.45% 3.66% 3.98% 4.17% 3.85% 3.65% 3.99% 4.54% 3.94% 3.10% 2.96% 5.34% 6.81%
<br />Required income to
<br />afford home ($) 58,505 56,380 48,524 47,465 47,014 45,651 46,862 53,123 60,869 63,033 64,509 69,502 103,146 132,236
<br />Sources: 1) 2010-2023 US Census ACS 5-Year Estfmates, Tables DP03 and DP04. 2) Freddie Mac’s Primary Mortgage Market Survey (PMMS).
<br />
<br />0.00%
<br />1.00%
<br />2.00%
<br />3.00%
<br />4.00%
<br />5.00%
<br />6.00%
<br />7.00%
<br />8.00%
<br />$0
<br />$100,000
<br />$200,000
<br />$300,000
<br />$400,000
<br />$500,000
<br />$600,000
<br />2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
<br />Median owner-occupied housing value ($)Median earnings for workers 16 years and over ($)Median household income ($)
<br />Required income to afford home ($)Mortgage rates (%)
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