Washington, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Washington Neighborhoods Since 2000




Washington, GA Real Estate Data


Washington Housing Market Information

With a population of 3,981, 1,845 total housing units (homes and apartments), and a median house value of $97,290, 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 74.26% 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 ( 10.61%), mobile homes or trailers ( 7.77%), and a few large apartment complexes or high rise apartments ( 5.53%).

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 60.93% owning and 39.07% 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 ( 37.77%). A lesser amount of the housing stock also hails from before 1939 ( 13.12%). There's also some housing in Washington built between 2000 and later ( 7.82%).

Vacant housing appears to be an issue in Washington. Fully 15.64% 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

Washington's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Washington during the period has been just -1.33%, which is lower than 80% of US communities.

Over the last year, Washington appreciation rates have trailed the rest of the nation. In the last twelve months, Washington's appreciation rate has been 3.00%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Washington were at 1.23%, which equates to an annual appreciation rate of 5.00%.

Relative to Georgia, our data show that Washington's latest annual appreciation rate is lower than 80% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$97,290

Washington, GA HOME PRICES

Value Range
> $999,000 0.0
$750,001 - $999,000 0.0
$499,001 - $750,000 2.5
$400,001 - $499,000 1.7
$300,001 - $400,000 5.4
$200,001 - $300,000 9.3
$100,001 - $200,000 29.9
$50,001 - $100,000 35.1
$0 - $50,000 16.2

Low for GA
Very Low for Nation

Value Relative to Nation Value Relative to State
80.5117994963987 69.3446088794926

Number Of Homes And Apartments:
1,845

Rent & Ownership

 

Average Market Rent:
$809 / per month

Homeownership Rate

Homeownership
Owners 60.93
Renters 39.07
Vacant 15.64

Housing Market Details

 

Age of Homes

AGE OF Washington HOMES
2000 or Newer 7.8
1970 - 1999 41.3
1940 - 1969 37.8
1939 or Older 13.1

Types of Homes

TYPE OF Washington HOMES
Single-Family 74.3
Townhomes 1.8
Small Apt. Buildings 10.6
Apt. Complexes 5.5
Mobile Homes 7.8
Other 0.0

Home Size

SIZE OF Washington HOMES
No Bedroom 2.51
1 Bedroom 9.69
2 Bedrooms 20.30
3 Bedrooms 49.25
4 Bedrooms 13.08
5 or more bedrooms 5.17

Washington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
-0.52% -0.03% 1 1
* 10 is highest

Popular Neighborhoods in Washington

Zip Codes in Washington, GA