Washington
REAL ESTATE APPRECIATION & HOUSING MARKET TRENDS






Washington Real Estate Market & Appreciation

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 Q4 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Average Home Values

Median Home Value:
$524,077

Number Of Homes And Apartments:
2,905,822

Washington Home Prices

> $1,459,799
$1,094,771 - $1,459,799
$729,758 - $1,094,770
$583,874 - $729,757
$437,873 - $583,873
$291,974 - $437,872
$145,925 - $291,973
$73,001 - $145,924
$0 - $73,000
5.5%
5.5%
7.0%
7.0%
15.7%
15.7%
13.3%
13.3%
19.7%
19.7%
19.8%
19.8%
12.8%
12.8%
2.8%
2.8%
3.4%
3.4%
0.0% 100.0%
% OF HOMES

Washington Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2021 Q3 - 2021 Q4
3.31% 13.90%
7
Last 12 Months:
2020 Q4 - 2021 Q4
21.03% 21.03%
9
Last 2 Years:
2019 Q4 - 2021 Q4
31.20% 14.54%
9
Last 5 Years:
2016 Q4 - 2021 Q4
65.04% 10.54%
10
Last 10 Years:
2011 Q4 - 2021 Q4
126.26% 8.51%
9
Since 2000:
2000 Q1 - 2021 Q4
223.40% 5.54%
10
* 10 is highest

Rent & Homeownership

Average Market Rent:
$2,099 / per month

Homeownership Rate

Owners
Renters
Vacant
62.0%
62.0%
38.0%
38.0%
7.8%
7.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
23.5%
23.5%
45.2%
45.2%
21.3%
21.3%
10.0%
10.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
63.1%
63.1%
4.0%
4.0%
5.9%
5.9%
20.8%
20.8%
6.0%
6.0%
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.8%
3.8%
11.6%
11.6%
24.6%
24.6%
37.2%
37.2%
17.8%
17.8%
5.0%
5.0%
0.0% 100.0%
% OF HOMES