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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 Q2 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (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

$530,607

Number Of Homes And Apartments:

2,931,841

Washington Home Prices

> $1,364,449
$1,023,163 - $1,364,449
$682,268 - $1,023,162
$545,669 - $682,267
$409,327 - $545,668
$272,888 - $409,326
$136,471 - $272,887
$68,191 - $136,470
$0 - $68,190
7.0%
7.0%
8.3%
8.3%
18.0%
18.0%
14.4%
14.4%
19.3%
19.3%
17.2%
17.2%
10.0%
10.0%
2.5%
2.5%
3.3%
3.3%
0% 100.0%
% of Homes

Washington Appreciation Rates

Rent & Homeownership

Average Market Rent:

$2,631 / per month

Homeownership Rate

Owners
Renters
Vacant
62.4%
62.4%
37.6%
37.6%
7.5%
7.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
24.9%
24.9%
44.4%
44.4%
20.9%
20.9%
9.9%
9.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
63.0%
63.0%
4.1%
4.1%
5.9%
5.9%
20.9%
20.9%
5.9%
5.9%
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
4.0%
4.0%
11.6%
11.6%
24.3%
24.3%
37.1%
37.1%
18.0%
18.0%
5.0%
5.0%
0% 100.0%
% of Homes