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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 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (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

$579,310

Number Of Homes And Apartments:

2,979,272

Washington Home Prices

> $1,241,997
$931,564 - $1,241,997
$621,052 - $931,563
$496,926 - $621,051
$372,588 - $496,925
$248,436 - $372,587
$124,235 - $248,435
$62,066 - $124,234
$0 - $62,065
11.0%
11.0%
11.1%
11.1%
22.1%
22.1%
16.1%
16.1%
15.7%
15.7%
12.4%
12.4%
6.5%
6.5%
2.0%
2.0%
3.1%
3.1%
0% 100.0%
% of Homes

Washington Appreciation Rates

Rent & Homeownership

Average Market Rent:

$2,542 / per month

Homeownership Rate

Owners
Renters
62.5%
62.5%
37.5%
37.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.4%
7.4%
92.6%
92.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
26.4%
26.4%
43.5%
43.5%
20.4%
20.4%
9.7%
9.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
62.7%
62.7%
4.2%
4.2%
5.8%
5.8%
21.4%
21.4%
5.7%
5.7%
0.2%
0.2%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.1%
4.1%
11.6%
11.6%
24.3%
24.3%
36.8%
36.8%
18.0%
18.0%
5.1%
5.1%
0% 100.0%
% of Homes