Washington, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Washington Neighborhoods Since 2000




Washington, IN 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 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.

Washington Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$93,847

Washington, IN HOME PRICES

Value Range
> $1,103,000 0.1
$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

Very Low for IN
Very Low for Nation

Value Relative to Nation Value Relative to State
81.4543536856908 80.316742081448

Number Of Homes And Apartments:
4,541

Washington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
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
36.76% 1.83% 10 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$701 / per month

Homeownership Rate

Homeownership
Owners 58.52
Renters 41.48
Vacant 10.22

Housing Market Details

 

Age of Homes

AGE OF Washington HOMES
2000 or Newer 7.8
1970 - 1999 25.1
1940 - 1969 31.8
1939 or Older 35.4

Types of Homes

TYPE OF Washington HOMES
Single-Family 73.8
Townhomes 1.3
Small Apt. Buildings 7.6
Apt. Complexes 10.6
Mobile Homes 6.7
Other 0.0

Home Size

SIZE OF Washington HOMES
No Bedroom 2.06
1 Bedroom 12.73
2 Bedrooms 33.43
3 Bedrooms 39.72
4 Bedrooms 7.99
5 or more bedrooms 4.07

Zip Codes in Washington, IN