Metropolitan Statistical Area (MSA):
Mount Vernon-Anacortes, WA is a Metropolitan Statistical Area (MSA) comprising counties including .
There is no doubt that the Mount Vernon-Anacortes, WA metropolitan statistical area (MSA) is one of the most desirable places to live in the country. The combination of its natural beauty, mild climate, and proximity to major metropolitan areas makes it a highly sought-after destination for both retirees and young families alike.
As such, it should come as no surprise that the real estate market in Mount Vernon-Anacortes is booming. According to Zillow, the median home value in Mount Vernon-Anacortes is $392,700, which is an increase of 8.4% over the past year and a predicted rise of another 4.5% over the next twelve months.
This trend is being driven by a number of factors, including population growth (the MSA's population has increased by 2.8% since 2010), low interest rates (making buying a home more affordable), and limited housing inventory (which has caused prices to rise).
Investors are also taking note of Mount Vernon-Anacortes' real estate market trends and are beginning to purchase properties here as well. This investment activity is likely to further drive up prices in the coming years as demand for housing in Mount Vernon-Anacortes continues to outpace supply.