Washington, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Washington Neighborhoods Since 2000




Washington, IA 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 7,408 people, 3,221 houses or apartments, and a median cost of homes of $98,535, 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 73.74% of the city's housing units. Other types of housing that are prevalent in Washington include large apartment complexes or high rise apartments ( 12.46%), duplexes, homes converted to apartments or other small apartment buildings ( 9.40%), and a few mobile homes or trailers ( 2.79%).

People in Washington primarily live in small (one, two or no bedroom) single-family detached homes. Washington has a mixture of owner-occupied and renter-occupied housing.

The housing in Washington was primarily built before 1939 ( 38.69%), making the housing stock in Washington some of the oldest overall in America, although there is a range of ages of homes in Washington. The next most important housing age is between 1970-1999 ( 26.81%), followed by between 1940-1969 ( 24.40%). There's also some housing in Washington built between 2000 and later ( 10.10%).

Washington Home Appreciation Rates

Appreciation rates for homes in Washington have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.87%, which ranks in the top 40% nationwide. This equates to an annual average Washington house appreciation rate of 0.76%.

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 2.66%, 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 -0.26%, which equates to an annual appreciation rate of -1.05%.

Relative to Iowa, our data show that Washington's latest annual appreciation rate is lower than 70% of the other cities and towns in Iowa.

Average Home Values

 

Median Home Value:
$98,535

Washington, IA HOME PRICES

Value Range
> $1,059,000 0.0
$794,001 - $1,059,000 0.0
$529,001 - $794,000 0.0
$423,001 - $529,000 0.5
$318,001 - $423,000 2.4
$211,001 - $318,000 7.3
$106,001 - $211,000 39.6
$53,001 - $106,000 44.1
$0 - $53,000 6.0

Low for IA
Low for Nation

Value Relative to Nation Value Relative to State
78.5714285714286 76.2962962962963

Number Of Homes And Apartments:
3,221

Washington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
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
29.75% 1.52% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$929 / per month

Homeownership Rate

Homeownership
Owners 60.59
Renters 39.41
Vacant 6.23

Housing Market Details

 

Age of Homes

AGE OF Washington HOMES
2000 or Newer 10.1
1970 - 1999 26.8
1940 - 1969 24.4
1939 or Older 38.7

Types of Homes

TYPE OF Washington HOMES
Single-Family 73.7
Townhomes 1.6
Small Apt. Buildings 9.4
Apt. Complexes 12.5
Mobile Homes 2.8
Other 0.0

Home Size

SIZE OF Washington HOMES
No Bedroom 3.09
1 Bedroom 10.86
2 Bedrooms 35.40
3 Bedrooms 35.11
4 Bedrooms 10.04
5 or more bedrooms 5.50

Popular Neighborhoods in Washington

Popular Communities Near Washington, IA

Zip Codes in Washington, IA