Are you looking to invest in Snohomish County real estate?
Real estate investments carry tremendous potential in terms of sustainable wealth creation and monthly passive income. However, this can fall through if you don’t pick a great area to invest in.
Snohomish County is a high-potential area for property investments. Regardless if you are just starting to build your portfolio or you already have extensive experience, this part of the Pacific Northwest is worth consideration.
There are many great areas to invest in Snohomish County. In the following paragraphs, we here at T-Square Properties will list just some of these areas. Additionally, you’ll learn about why it’s a good idea to put your investment money in Everett and its surrounding areas.
Snohomish County Real Estate Market
Before going over the best areas for property investments, we’ll do a quick rundown of the main reasons for making investments in Snohomish County.
The industrial developments and economy of Snohomish County are financially healthy. For instance, the Boeing 787 Dreamliner, together with other models, is constructed in a gigantic aircraft factory in Everett. Thanks to its economic strength, Snohomish County home values have been going up significantly.
Everett, WA is the largest city in Snohomish County. The area has top-class educational opportunities, outdoor recreation trails, and over thirty city parks. Plus, you should consider its proximity to Seattle; it’s only 25 miles north of this huge metro area.
Sharing a border with King County means you can reap the benefits of being close to a major metro area: Seattle-Tacoma-Bellevue. The local job market is strong and the tech jobs attract talent from across the county.
Where to Invest in Snohomish County
Every county comes with good and bad areas for property investments. Since Snohomish County carries an overall strong potential, you should focus on what type of renters you’re trying to get.
After you have locked in your target group, it’s time to reflect on the unique conditions of the communities available to you. We are going to make this task easier by listing some of the top investor picks in the County.
Arlington is a superb community in the Seattle Metro Area. It’s around 40 miles north of the City. Plenty of employment options exist for locals because the aviation industry generates a steady need for workers.
However, people living in Arlington aren’t necessarily working in the same town. For instance, some of the residents work in Seattle and use Arlington as their home base to beat Seattle’s astronomical rent prices.
The local housing market has shown a steady appreciation over the years. When you look at the county averages, Arlington offers comparatively lower-than-average home prices. That economic situation may offer a significant return on investment from an investment point of view.
The bedroom community of Stanwood is another popular option among people who work in Seattle but choose a cheaper city when it comes to housing. Compared to Seattle, the home prices are considerably low.
Similar to Arlington, the home values have mostly appreciated over the years. Commuting to Seattle takes more time, though; Stanwood is located around 50 miles north of the largest city in Washington State.
If you are looking to invest in a city that is on the smaller side, then Stanwood may be a good bet. The population is about 7,000 people. Amtrak’s Cascades service provides a rail link between Downtown Stanwood, Seattle, and Vancouver.
The largest city in the County is Everett, and it carries a huge property investment potential. Many of the Snohomish County residents regard Everett as the county’s main source of employment.
Everett has a wide variety of neighborhoods to choose from. Some of these communities are mainly residential, while others feature an attractive mix of commercial and residential estates. Here are some of the notable Everett, WA areas to invest in:
- Northwest Everett: This neighborhood includes the Everett Community College Campus, making it a great pick for student-oriented rental property investments. The area covers a historic district as well.
- Bayside: As one of the most important neighborhoods in Everett, this area covers spans most of the downtown. Both the Naval Station Everett and the Port of Everett are located at Bayside.
- Riverside: An interesting area if you are looking to make a rental property investment in Everett. This particular neighborhood has mostly residential areas located close to downtown and features a historic district as well.
For these reasons, owning a rental property in Everett can be a great investment.
When you look at a map, it’s not hard to see why Lake Stevens attracts quite a lot of new residents. First of all, it has a great location with an 8-mile commute to Everett and a 35-mile drive to Seattle.
If someone is looking to enjoy the proximity to large cities while retaining a chance to enjoy the great outdoors, Lake Stevens is a perfect choice. There are many trails and parks in and around this city.
Similar to other Snohomish County areas, Lake Stevens has seen home appreciation rates growing over the years. As an investor, it’s a good idea to pay close attention to this city as it fits the bill in many important aspects.
Designated as part of the Seattle Metro Area, Marysville is a superb location close to Everett and Seattle. The population of this city saw a five-fold growth between the 1980s and 2000s. The 2020s are bound to continue solid growth as more people realize the city’s potential.
The recreational opportunities in the City of Marysville are great. Its residents can enjoy 35 public parks, nature preserves, playgrounds, and other outdoor areas within city limits.
Other Great Areas To Consider
This list is not all inclusive and the best areas can change with time. For the best information, give us a call at 425-485-1800. Some other areas worth considering are Bellevue, Edmonds, Redmond, Sammamish, and more.
In a Nutshell: Best Cities to Invest in Snohomish County Real Estate
Snohomish County real estate holds solid investment potential for anyone looking to get outstanding long-term value from their initial purchase. This list covered just some of the great areas in Snohomish County for real estate investing, including Lake Stevens, Everett, and Arlington.
For tips on how to successfully invest in Snohomish County, read our post here!