Washington, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Washington, GA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Washington Housing Market Information

With 3,981 people, 1,776 houses or apartments, and a median cost of homes of $108,682, house prices in Washington are solidly below the national average.

Single-family detached homes are the single most common housing type in Washington, accounting for 75.59% of the city's housing units. Other types of housing that are prevalent in Washington include duplexes, homes converted to apartments or other small apartment buildings ( 10.94%), mobile homes or trailers ( 7.75%), and a few large apartment complexes or high rise apartments ( 4.16%).

The most prevalent building size and type in Washington are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.43% owning and 39.57% renting.

There is a lot of housing in Washington built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Washington built between 1940-1969 ( 39.66%). A lesser amount of the housing stock also hails from before 1939 ( 13.66%). There's also some housing in Washington built between 2000 and later ( 5.38%).

Vacant housing appears to be an issue in Washington. Fully 14.00% of the housing stock is classified as vacant. Left unchecked, vacant Washington homes and apartments can be a drag on the real estate market, holding Washington real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Washington Home Appreciation Rates

Real estate appreciation rates in Washington's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.22% during the period.

Appreciation rates are so strong in Washington that despite a nationwide downturn in the housing market, Washington real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Washington appreciation rates continue to be some of the highest in America, at 16.90%, which is higher than appreciation rates in 99.62% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Washington. Washington appreciation rates in the latest quarter were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Georgia, our data show that Washington's latest annual appreciation rate is higher than 90% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$108,682

Washington, GA HOME PRICES

Value Range
> $1,192,000 0.0
$894,001 - $1,192,000 0.0
$596,001 - $894,000 2.9
$477,001 - $596,000 1.4
$358,001 - $477,000 3.1
$238,001 - $358,000 8.2
$119,001 - $238,000 31.1
$60,001 - $119,000 36.8
$0 - $60,000 16.4

Average for GA
Low for Nation

Value Relative to Nation Value Relative to State
72.1551623110278 59.830866807611

Number Of Homes And Apartments:
1,776

Washington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
16.71% 0.90% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$755 / per month

Homeownership Rate

Homeownership
Owners 60.43
Renters 39.57
Vacant 14.00

Housing Market Details

 

Age of Homes

AGE OF Washington HOMES
2000 or Newer 5.4
1970 - 1999 41.3
1940 - 1969 39.7
1939 or Older 13.7

Types of Homes

TYPE OF Washington HOMES
Single-Family 75.6
Townhomes 1.5
Small Apt. Buildings 10.9
Apt. Complexes 4.2
Mobile Homes 7.7
Other 0.0

Home Size

SIZE OF Washington HOMES
No Bedroom 2.18
1 Bedroom 5.81
2 Bedrooms 25.42
3 Bedrooms 49.35
4 Bedrooms 14.77
5 or more bedrooms 2.47

Popular Neighborhoods in Washington

Zip Codes in Washington, GA