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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 12,078, 4,541 total housing units (homes and apartments), and a median house value of $93,847, house prices in Washington are some of the most affordable in Indiana as well as the nation.
Single-family detached homes are the single most common housing type in Washington, accounting for 73.78% of the city's housing units. Other types of housing that are prevalent in Washington include large apartment complexes or high rise apartments ( 10.60%), duplexes, homes converted to apartments or other small apartment buildings ( 7.59%), and a few mobile homes or trailers ( 6.68%).
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 ( 35.37%), 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 1940-1969 ( 31.75%), followed by between 1970-1999 ( 25.09%). There's also some housing in Washington built between 2000 and later ( 7.79%).
Vacant housing appears to be an issue in Washington. Fully 10.22% 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.
In the last 10 years, Washington has experienced some of the highest home appreciation rates of any community in the nation. Washington real estate appreciated 15.92% over the last ten years, which is an average annual home appreciation rate of 1.49%, putting Washington in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Washington definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Washington's appreciation rate, at 5.28%, has been at or slightly above the national average. In the latest quarter, Washington's appreciation rate has been -1.14%, which annualizes to a rate of -4.49%.
Notably, Washington's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Indiana, our data show that Washington's latest annual appreciation rate is higher than 70% of the other cities and towns in Indiana.
|$827,001 - $1,103,000||0.0|
|$551,001 - $827,000||0.3|
|$441,001 - $551,000||0.6|
|$331,001 - $441,000||0.3|
|$221,001 - $331,000||9.5|
|$110,001 - $221,000||26.2|
|$55,001 - $110,000||46.8|
|$0 - $55,000||16.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Washington HOMES|
|2000 or Newer||7.8|
|1970 - 1999||25.1|
|1940 - 1969||31.8|
|1939 or Older||35.4|
|TYPE OF Washington HOMES|
|Small Apt. Buildings||7.6|
|SIZE OF Washington HOMES|
|5 or more bedrooms||4.07|