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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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:
$408,770

Number Of Homes And Apartments:
2,848,396

Washington Home Prices

> $1,273,449
4.6%
4.6%
$954,854 - $1,273,449
5.9%
5.9%
$636,616 - $954,853
13.6%
13.6%
$509,414 - $636,615
11.6%
11.6%
$381,922 - $509,413
18.7%
18.7%
$254,642 - $381,921
22.0%
22.0%
$127,317 - $254,641
16.3%
16.3%
$63,668 - $127,316
3.5%
3.5%
$0 - $63,667
3.8%
3.8%
0.0% 100.0%
% OF HOMES

Washington Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2020 Q3 - 2020 Q4
2.53% 10.51%
8
Last 12 Months:
2019 Q4 - 2020 Q4
8.10% 8.10%
9
Last 2 Years:
2018 Q4 - 2020 Q4
14.39% 6.95%
10
Last 5 Years:
2015 Q4 - 2020 Q4
50.58% 8.53%
10
Last 10 Years:
2010 Q4 - 2020 Q4
77.09% 5.88%
9
Since 2000:
2000 Q1 - 2020 Q4
167.52% 4.86%
10
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,836 / per month

Homeownership Rate

Owners
61.7%
61.7%
Renters
38.3%
38.3%
Vacant
8.3%
8.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
22.5%
22.5%
1970 - 1999
45.7%
45.7%
1940 - 1969
21.6%
21.6%
1939 or Older
10.2%
10.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
63.1%
63.1%
Townhomes
4.0%
4.0%
Small Apt. Buildings
5.9%
5.9%
Apt. Complexes
20.6%
20.6%
Mobile Homes
6.2%
6.2%
Other
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.6%
3.6%
1 Bedroom
11.5%
11.5%
2 Bedrooms
25.2%
25.2%
3 Bedrooms
37.2%
37.2%
4 Bedrooms
17.6%
17.6%
5 or more bedrooms
4.8%
4.8%
0.0% 100.0%
% OF HOMES