Washington
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Washington Real Estate Values & Housing Market 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Average Home Values

Median Home Value:
$388,603

Number Of Homes And Apartments:
2,800,423

Washington Home Prices

Value Range
> $1,309,000 3.8
$981,935 - $1,309,000 4.9
$654,329 - $981,934 12.1
$523,503 - $654,328 10.4
$392,738 - $523,502 17.8
$261,804 - $392,737 23.6
$130,960 - $261,803 18.9
$65,461 - $130,959 4.0
$0 - $65,460 4.4

Washington Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2019 Q4 - 2020 Q1
1.19% 4.87%
8
Last 12 Months:
2019 Q1 - 2020 Q1
5.67% 5.67%
8
Last 2 Years:
2018 Q1 - 2020 Q1
13.15% 6.37%
9
Last 5 Years:
2015 Q1 - 2020 Q1
53.84% 9.00%
10
Last 10 Years:
2010 Q1 - 2020 Q1
62.91% 5.00%
9
Since 2000:
2000 Q1 - 2020 Q1
153.16% 4.75%
10
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,874 / per month

Homeownership Rate

Homeownership
Owners 61.50
Renters 38.50
Vacant 8.61

Housing Details

Age of Homes

AGE OF Washington HOMES
2000 or Newer 21.4
1970 - 1999 46.3
1940 - 1969 21.9
1939 or Older 10.4

Types of Homes

TYPE OF Washington HOMES
Single-Family 63.4
Townhomes 3.8
Small Apt. Buildings 6.0
Apt. Complexes 20.2
Mobile Homes 6.4
Other 0.2

Home Size

SIZE OF Washington HOMES
No Bedroom 3.41
1 Bedroom 11.50
2 Bedrooms 25.41
3 Bedrooms 37.40
4 Bedrooms 17.47
5 or more bedrooms 4.81