Zillow released the numbers Monday. The company noted home values are appreciating 3.5 times faster than the minimum wage, which is $15 in Seattle. Seattle ranks third in the country in the report. San Jose tops the list of appreciation relative to the minimum wage.

It will cost you tens of thousands of dollars by waiting a month, 6 months, a year. 

Just higher then Seattle is San Francisco at $60/ hour and $90/hour.

What is driving this? Supply V Demand.

happy young couple at their new house front door proud to show home keys

Curious about how other towns/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

King5 Report: http://www.king5.com/mobile/article/syndication/podcasts/seattle-homes-earned-54hour-heres-how-other-cities-did/281-536752951

If you are ready to turn your monthly housing expense into equity and an investment, we would love the opportunity to help you navigate the process of buying a home in Seattle! We are area specialists and know what it takes to get our clients into homes in this competitive market!