Washington, GA Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Washington, GA Housing Market Trends

With 3,963 people, 1,646 houses or apartments, and a median cost of homes of $98,079, house prices in Washington are some of the most affordable in Georgia as well as the nation.

Single-family detached homes are the single most common housing type in Washington, accounting for 79.66% 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 ( 11.20%), mobile homes or trailers ( 6.92%), and a few row houses and other attached homes ( 1.27%).

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 59.07% owning and 40.93% 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 ( 23.51%). A lesser amount of the housing stock also hails from before 1939 ( 15.53%). There's also some housing in Washington built between 2000 and later ( 3.96%).

Vacant housing appears to be an issue in Washington. Fully 13.05% 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

Some of the lowest real estate appreciation rates in America over the last ten years have been in Washington, where house values have increased just 6.14%, which is annualized rate of 0.60%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

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 8.04%, which is higher than appreciation rates in 95.82% 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 3.71%, which equates to an annual appreciation rate of 15.69%.

Importantly, this makes Washington one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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:
$98,079

Washington, GA HOME PRICES

> $1,070,000
0.4%
0.4%
$803,001 - $1,070,000
0.0%
0.0%
$535,001 - $803,000
2.4%
2.4%
$428,001 - $535,000
4.0%
4.0%
$321,001 - $428,000
2.6%
2.6%
$214,001 - $321,000
11.2%
11.2%
$107,001 - $214,000
25.3%
25.3%
$54,001 - $107,000
33.9%
33.9%
$0 - $54,000
20.2%
20.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Very Low for GA

Value Relative To Nation

Number Of Homes And Apartments:
1,646

Washington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
11.17% 0.51%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$998 / per month

Homeownership Rate

Owners
59.1%
59.1%
Renters
40.9%
40.9%
Vacant
13.0%
13.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
4.0%
4.0%
1970 - 1999
57.0%
57.0%
1940 - 1969
23.5%
23.5%
1939 or Older
15.5%
15.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
79.7%
79.7%
Townhomes
1.3%
1.3%
Small Apt. Buildings
11.2%
11.2%
Apt. Complexes
1.0%
1.0%
Mobile Homes
6.9%
6.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.4%
1.4%
1 Bedroom
4.5%
4.5%
2 Bedrooms
22.4%
22.4%
3 Bedrooms
55.9%
55.9%
4 Bedrooms
12.2%
12.2%
5 or more bedrooms
3.5%
3.5%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Washington

Zip Codes in Washington, GA