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 24,299 people, 7,632 houses or apartments, and a median cost of homes of $251,028, Washington real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Washington, accounting for 76.07% of the city's housing units. Other types of housing that are prevalent in Washington include mobile homes or trailers ( 10.97%), row houses and other attached homes ( 6.16%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.64%).
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 72.33% of Washington's homes, and 64.30% have either three or four bedrooms, which is average sized relative to America.
Washington homes and real estate are some of the newest in America. 62.33% of Washington's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Washington real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 34.26%), and between 1940-1969 ( 2.48%).
Vacant housing appears to be an issue in Washington. Fully 19.60% 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.
Homes have actually lost value in Washington over the last then years, as home values have seen a decline of 20.17% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Washington home appreciation rates at 2.02%, which equates to an annual appreciation rate of 8.33%.
NeighborhoodScout's data show that during the latest twelve months, Washington's appreciation rate, at 4.51%, has been at or slightly above the national average. In the latest quarter, Washington's appreciation rate has been 2.02%, which annualizes to a rate of 8.33%.
Importantly, this makes Washington one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Utah, our data show that Washington's latest annual appreciation rate is lower than 70% of the other cities and towns in Utah.
|$897,001 - $1,196,000||1.5|
|$598,001 - $897,000||2.1|
|$478,001 - $598,000||5.0|
|$359,001 - $478,000||16.3|
|$239,001 - $359,000||31.2|
|$120,001 - $239,000||28.3|
|$60,001 - $120,000||5.7|
|$0 - $60,000||9.4|
|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||62.3|
|1970 - 1999||34.3|
|1940 - 1969||2.5|
|1939 or Older||0.9|
|TYPE OF Washington HOMES|
|Small Apt. Buildings||3.6|
|SIZE OF Washington HOMES|
|5 or more bedrooms||10.50|