Washington, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Washington Neighborhoods Since 2000




Washington, MI Real Estate Data


Washington Housing Market Information

With a population of 24,706, 2,279 total housing units (homes and apartments), and a median house value of $288,621, Washington real estate is some of the most expensive in Michigan, although Washington home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Washington, accounting for 69.93% of the town's housing units. Other types of housing that are prevalent in Washington include row houses and other attached homes ( 9.70%), mobile homes or trailers ( 9.49%), and a few large apartment complexes or high rise apartments ( 7.02%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Washington. Owner-occupied housing accounts for 84.40% of Washington's homes, and 69.99% have either three or four bedrooms, which is average sized relative to America.

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 2000 and later ( 31.42%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.06%). There's also some housing in Washington built before 1939 ( 2.67%).

Washington Home Appreciation Rates

Real estate appreciation rates in Washington's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.47% during the period.

NeighborhoodScout's data show that during the latest twelve months, Washington's appreciation rate, at 4.46%, has been at or slightly above the national average. In the latest quarter, Washington's appreciation rate has been 1.97%, which annualizes to a rate of 8.12%.

Relative to Michigan, our data show that Washington's latest annual appreciation rate is lower than 50% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$288,621

Washington, MI HOME PRICES

Value Range
> $1,281,000 0.2
$960,001 - $1,281,000 0.6
$640,001 - $960,000 5.2
$512,001 - $640,000 8.3
$384,001 - $512,000 16.5
$256,001 - $384,000 26.0
$128,001 - $256,000 28.0
$64,001 - $128,000 5.6
$0 - $64,000 9.5

Very High for MI
Very High for Nation

Value Relative to Nation Value Relative to State
18.0710897698659 5.60897435897436

Number Of Homes And Apartments:
2,279

Rent & Ownership

 

Average Market Rent:
$1,296 / per month

Homeownership Rate

Homeownership
Owners 84.40
Renters 15.60
Vacant 5.79

Housing Market Details

 

Age of Homes

AGE OF Washington HOMES
2000 or Newer 31.4
1970 - 1999 53.8
1940 - 1969 12.1
1939 or Older 2.7

Types of Homes

TYPE OF Washington HOMES
Single-Family 69.9
Townhomes 9.7
Small Apt. Buildings 3.8
Apt. Complexes 7.0
Mobile Homes 9.5
Other 0.0

Home Size

SIZE OF Washington HOMES
No Bedroom 0.00
1 Bedroom 3.52
2 Bedrooms 23.45
3 Bedrooms 44.64
4 Bedrooms 25.35
5 or more bedrooms 3.04

Washington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
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
5.60% 0.32% 5 1
* 10 is highest