Lake Ketchum CDP Washington Area Home Supply Charts

This page looks at a variety of Lake Ketchum CDP Washington housing market data taken from the most recent 2020 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Lake Ketchum CDP shows it has a Housing Units of 335 which is less than most other places in the surrounding region.

Figure 2 illustrates the housing density in the Lake Ketchum CDP housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Lake Ketchum CDP shows it has a Housing Density of 161.4 which is in the mid range of other places in the surrounding region. The place with the highest housing density in the area is Stanwood which depicts a density of 995.9 ( considerably bigger). Comparing housing density to the United States average of 38.9, Lake Ketchum CDP is approximately 4.1 times bigger. Also, measured against the state of Washington, housing density of 46.8, Lake Ketchum CDP is approximately 3.4 times bigger.

In Figure 4, Lake Ketchum CDP area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Lake Ketchum CDP depicts it has a Housing Unit Change of -14.1% which is less than most other places in the area. The place with the highest change in the housing units in the area is Sunday Lake CDP which shows a housing units of 36.7% (approximately 2.6 times bigger). Comparing change in the housing units to the United States average of 5.7%, Lake Ketchum CDP is approximately 2.5 times bigger. Also, benchmarked against the state of Washington, change in the housing units of 7.7%, Lake Ketchum CDP is about twice as large. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 100.0% which is the largest of all places in the metro area.

Lake Ketchum CDP Washington Home Cost Charts

Looking at the housing data provided in Figure 7, the average Lake Ketchum CDP home price is illustrated for this community and a useful analysis of affordable housing. Lake Ketchum CDP shows it has a Median Home Value of $314,400 which is the second smallest as measured by median home price of all the other places in the surrounding region. The place with the highest median home price in the area is Lake McMurray CDP which depicts a home price of $467,600 (48.7% larger).

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Lake Ketchum CDP depicts it has a Median Owner Cost of $1,637 which is in the center range of other places in the local area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Lake Ketchum CDP metro area. it has a Owner Cost as % of HH Income of 22% which is the second most of all the places in the greater region. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Lake Ketchum CDP shows it has a Median Home Value as Percent of Median Earnings of 506% which is the second smallest as measured by median home value as a percent of median worker earnings of all the other places in the surrounding region.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Lake Ketchum CDP shows it has a Median Owner Costs-With Mortgage of $1,721 which is the second smallest as measured by median housing cost of all the other places in the metro area. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $407 which is the second smallest as measured by median housing cost of all the other places in the area.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Lake Ketchum CDP has one of the largest proportions of owner cost less than $300 at 17% of the total and is ranked #2. The only larger place being Northwest Stanwood CDP with 62%. Second, it has in the middle range of other places in the local area in terms of owner cost between $500 and $700 at 5% of the total. Third, it has the largest proportion of owner cost between $1,000 and $1,500 at 35% of the total and is ranked #1.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Lake Ketchum CDP depicts it has a % of Income Owner Costs-With Mortgage of 27% which is the second most of all the places in the local area. The place with the highest cost as a percent of household income in the area is Sunday Lake CDP which depicts a cost as a percent of household income of 28% (only about 5.6% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Lake Ketchum CDP depicts it has a % of Income Owner Costs-No Mortgage of 13% which is the third most cost as a percent of household income of all other places in the greater Lake Ketchum CDP region. The place with the highest cost as a percent of household income in the area is Bryant CDP which depicts a cost as a percent of household income of 17% (29.2% larger).

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Lake Ketchum CDP has the largest proportion of housing cost between $1,000 and $1,500 at 35% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $2,675 which is the second smallest when sorted by median real estate taxes paid of all the other places in the metropolitan area. The place with the highest median real estate taxes paid in the area is Sunday Lake CDP which shows a taxes paid of $5,239 (about twice as large). Comparing median real estate taxes paid to the United States average of $2,471, Lake Ketchum CDP is 8.3% larger. Also, measured against the state of Washington, median real estate taxes paid of $3,326, Lake Ketchum CDP is about 24.3% smaller.

Lake Ketchum CDP Washington Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Lake Ketchum CDP has the largest proportion of both 2nd mortgage and heloc at 73% of the total and is ranked #1.

Lake Ketchum CDP Washington Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 2.9 which is less than most other places in the local area. The place with the highest family members per housing unit in the area is Northwest Stanwood CDP which shows a family members per housing unit of 4.3 (48.1% larger). Comparing family members per housing unit to the United States average of 3.3, Lake Ketchum CDP is about 14.7% smaller. Also, versus the state of Washington, family members per housing unit of 3.2, Lake Ketchum CDP is about 10.6% smaller.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 6.0 which is the third most of all other places in the local area. The place with the highest average number of rooms in a house in the area is Bryant CDP which shows an average number of rooms in a house of 6.1 ( only slightly larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1996 which is the second most year built of all the places in the greater Lake Ketchum CDP region. The place with the highest year built in the area is Stanwood which depicts a year built of 1997 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has one of the largest proportions of homes built between 2010 to 2013 at 33% of the total and is ranked #2. The only larger place being Stanwood with 35%. Second, it has the largest proportion of homes built between 2000 to 2009 at 45% of the total and is ranked #1. Third, it has the second smallest in order of homes built in 2014 or later of all the other places in the metropolitan area as measured by homes built between 1990 to 1999 at 4% of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has the largest proportion of 50 or more units at 35% of the total and is ranked #1.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. has the percentage of value of homes built 2010 to 2013 less than most other places in the area at $278,900 of the total. Second, it has in the mid range of other places in the surrounding region in terms of value of homes built 2000 to 2009 at $348,000 of the total.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Lake Ketchum CDP residents. it has a Owner-Household Size of 2.6 which is in the mid range of other places in the metropolitan area. The place with the highest homeowner household size in the area is Northwest Stanwood CDP which shows a homeowner household size of 3.0 (14.3% larger). Figure 38 shows the year that people who own homes moved into this region. it has one of the largest proportions of owners moved in 2017 or later at 13% of the total and is ranked #3. Only #2 Bryant CDP (16%), and #1 Stanwood (16%) are larger. Second, it has the largest proportion of owners moved in 2015 to 2016 at 33% of the total and is ranked #1. Third, it has the smallest proportion of owners moved in 2010 to 2014 at 23% of the total. Also, it has the second smallest in terms of owners moved in 2017 or later of all the other places in the local area when sorted by owners moved in 1990 to 1999 at 3% of the total.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2010 which is more than all other places in the greater Lake Ketchum CDP region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has one of the largest proportions of homes using solar energy at 4% of the total and is ranked #2. The only larger place being Warm Beach CDP with 5%.