Everett

Everett is home to various communities and neighborhoods, each with its own unique personality and style, making it stand out from other cities. Located about 40 kilometers north of Seattle, the city is known as the headquarters of the United States Navy’s shipyard and the aerospace company Boeing, which has a significant manufacturing plant in the city.

Here are some of the aspects that may interest you when buying in this area.

Regarding the family aspect, Everett offers numerous parks, green spaces, and activities for the whole family, such as Legion Memorial Park, Forest Park, Jetty Island Beach, and the Forest Park Community Center.

As for the commercial side, Everett has a diverse economy that spans from aircraft manufacturing and aerospace to tourism and healthcare. The city has several shops and shopping centers to meet the needs of its residents and visitors.

In terms of safety, Everett has a police department and a fire station to ensure the security of its residents. The city also has various programs and services focused on community safety and well-being, such as neighborhood patrols and crime prevention programs.

Location: Everett is strategically located on the west coast of the United States, close to Seattle and other major cities in the region. This makes it an attractive option for those seeking a city with good connections to nearby metropolitan areas.

Affordable housing: Compared to other major cities in the region, Everett offers more affordable housing prices. This makes it a popular choice for those looking for a home without breaking the bank.

Job opportunities: Everett is home to major companies like Boeing and the U.S. Navy’s shipyard, meaning there are plenty of job opportunities in the city. This makes it an appealing option for those looking for a city with strong job prospects.

Quality of life: Everett is a city with a high quality of life, offering a wide variety of services and amenities such as parks, shops, restaurants, and cultural attractions. Additionally, the city boasts a welcoming and friendly community, making it an attractive place to live.

Profile

In 2024, Everett's real estate market continues to show growth, with home prices rising steadily. The median home price in Everett reached approximately $600,962 in early 2024, a 3.7% increase compared to the previous year. This increase is largely attributed to a strong demand for homes combined with limited housing inventory. The city's proximity to Seattle further strengthens its housing market, as it benefits from the broader region's population growth. Mortgage rates have been relatively stable, with the average rate for a 30-year fixed mortgage around 6.62% in early 2024, expected to decrease slightly to 6% by the year's end. Additionally, higher loan limits introduced in 2024 provide more opportunities for potential buyers. These trends indicate that the real estate market in Everett will remain competitive, with home prices likely to continue appreciating throughout the year.

Geographical Area Everett is a city located in Snohomish County, Washington, United States. It is situated on the shores of Puget Sound, an inlet of the Pacific Ocean, to the north of Seattle and south of Marysville. Nearly a quarter of Everett's area is water, thanks to its coastal location along the Pacific.

Territorial Extension Everett covers a total area of about 127 square kilometers, with around 33 square kilometers being water. The city is strategically located near Puget Sound and surrounded by beautiful natural landscapes, making it an attractive place to live and visit. Everett is divided into several neighborhoods that offer various lifestyles and housing options, ranging from historic homes to modern apartments and condominiums.

As of 2024, Everett, Washington has a population of approximately 114,306 residents. It remains the seventh-largest city in Washington State and has been experiencing steady growth. The population has increased at an annual rate of 0.77% since the 2020 census. This growth is fueled by Everett's strategic location and the presence of significant economic and cultural resources. population The city is known for its diversity, with a diversity index of 73%, reflecting a rich mixture of racial and ethnic groups. Additionally, the median household income has risen to about $79,968, showing an increase in the economic well-being of its residents.

MARKET TYPES Everett, Washington, offers a variety of commercial options for its residents and visitors. The city is home to several shopping centers, including the Everett Mall, Puget Park Shopping Center, and Everett Village Center. In addition, the vibrant Hewitt Avenue downtown boasts a mix of shops, restaurants, and bars, making it a popular destination. Retail is a key sector in Everett's economy, which also benefits from e-commerce and distribution industries, with major players like Amazon and Boeing operating in the area. The sales tax rate in Everett is 9.9%, which includes a state rate of 6.5% and a local tax of 3.4%. This revenue helps fund city services and infrastructure improvements. Popular retailers include Walmart, Target, Best Buy, Fred Meyer, and Home Depot, which provide a wide range of products, from groceries and electronics to home improvement supplies. The city’s tax structure also includes exemptions for certain items, such as farm products, medical devices, and manufacturing equipment, which could benefit specific businesses. For more detailed guidance on sales tax and business permits, businesses can consult with the Washington Department of Revenue or local authorities. For a more detailed comparison of sales tax rates and a list of exemptions in Washington state, you can visit the sources used.