Seattle homes earned $54/hour; here’s how other cities did
In 24 of the 50 largest U.S. cities, home value appreciation per working-hour is higher than the local minimum wage.
New numbers show Seattle homeowners are gaining $54.24 of home equity every working-hour.
But several other local cities had homes that appreciated more per hour, according to Zillow’s numbers.
KING 5’s The Sound Podcast host Ryan Takeo interviewed Zillow senior economist Aaron Terrazas. They talk about the simple way Zillow came up with the numbers, prospects for first-time home buyers, what it means for those outside the city, and if we’re in a ‘bubble’.
Here’s how other cities fared:
Mercer Island – $88.26
Bellevue – $66.70
Redmond – $65.36
Kirkland – $65.36
Kenmore – $58.65
Lake Forest Park – $55.10
Sammamish – $53.67
Issaquah – $50.60
Woodinville – $48.78
Bothell – $46.62
Shoreline – $46.29
Edmonds – $40.44
Snohomish – $31.15
Mukilteo – $27.98
Burien – $26.45
Renton – $25.92
Monroe – $24.44
Everett – $23.57
Kent – $22.90
Gig Harbor – $22.33
Federal Way – $21.61
Marysville – $21.27
Puyallup – $16.96
Tacoma – $16.72
Tukwila – $15.14
Olympia – $15.09
Enumclaw – $14.81
Algona – $10.40
Pacific – $10.30
Longbranch – $7.19
By Ryan Takeo | April 9, 2018 | King5.com