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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 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2023 (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

$652,329

Number Of Homes And Apartments:

3,020,558

Washington Home Prices

> $1,252,071
$938,930 - $1,252,071
$626,180 - $938,929
$500,808 - $626,179
$375,544 - $500,807
$250,378 - $375,543
$125,166 - $250,377
$62,584 - $125,165
$0 - $62,583
13.6%
13.6%
12.2%
12.2%
25.1%
25.1%
15.6%
15.6%
13.8%
13.8%
10.2%
10.2%
4.8%
4.8%
1.8%
1.8%
2.9%
2.9%
0% 100.0%
% of Homes

Washington Appreciation Rates

Rent & Homeownership

Average Market Rent:

$2,686 / per month

Homeownership Rate

Owners
Renters
62.6%
62.6%
37.4%
37.4%
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
27.9%
27.9%
42.3%
42.3%
20.1%
20.1%
9.7%
9.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
62.3%
62.3%
4.3%
4.3%
5.8%
5.8%
21.7%
21.7%
5.6%
5.6%
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
4.3%
4.3%
11.6%
11.6%
24.3%
24.3%
36.6%
36.6%
18.0%
18.0%
5.1%
5.1%
0% 100.0%
% of Homes