Washington, UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Washington, UT 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 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.

Washington Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$251,028

Washington, UT HOME PRICES

Value Range
> $1,196,000 0.6
$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

Average for UT
High for Nation

Value Relative to Nation Value Relative to State
22.3543888433142 45.6375838926175

Number Of Homes And Apartments:
7,632

Washington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
UT*
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
39.67% 1.96% 1 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,555 / per month

Homeownership Rate

Homeownership
Owners 72.33
Renters 27.67
Vacant 19.60

Housing Market Details

 

Age of Homes

AGE OF Washington HOMES
2000 or Newer 62.3
1970 - 1999 34.3
1940 - 1969 2.5
1939 or Older 0.9

Types of Homes

TYPE OF Washington HOMES
Single-Family 76.1
Townhomes 6.2
Small Apt. Buildings 3.6
Apt. Complexes 2.6
Mobile Homes 11.0
Other 0.6

Home Size

SIZE OF Washington HOMES
No Bedroom 0.32
1 Bedroom 6.87
2 Bedrooms 18.01
3 Bedrooms 40.95
4 Bedrooms 23.35
5 or more bedrooms 10.50

Popular Neighborhoods in Washington

Zip Codes in Washington, UT