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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Washington, IA Real Estate Market

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 2024. 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

Washington, IA Housing Market Trends

With 7,277 people, 3,019 houses or apartments, and a median cost of homes of $211,766, house prices in Washington are solidly below the national average.

Single-family detached homes are the single most common housing type in Washington, accounting for 73.97% of the city's housing units. Other types of housing that are prevalent in Washington include large apartment complexes or high rise apartments ( 12.50%), duplexes, homes converted to apartments or other small apartment buildings ( 9.12%), and a few row houses and other attached homes ( 3.73%).

The most prevalent building size and type in Washington are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.45% owning and 40.55% renting.

The housing in Washington was primarily built before 1939 ( 42.04%), making the housing stock in Washington some of the oldest overall in America, although there is a range of ages of homes in Washington. The next most important housing age is between 1940-1969 ( 29.45%), followed by between 1970-1999 ( 24.37%). There's also some housing in Washington built between 2000 and later ( 4.14%).

Washington Home Appreciation Rates

Washington's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Washington during the period has been just 4.83%, which is lower than 80% of US communities.

Over the last year, Washington appreciation rates have trailed the rest of the nation. In the last twelve months, Washington's appreciation rate has been 4.01%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Washington were at -0.30%, which equates to an annual appreciation rate of -1.20%.

Notably, Washington's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Iowa, our data show that Washington's latest annual appreciation rate is lower than 80% of the other cities and towns in Iowa.

Average Home Values

Median Home Value

$211,766

Washington, IA Home Prices
> $1,284,000
$963,001 - $1,284,000
$642,001 - $963,000
$514,001 - $642,000
$385,001 - $514,000
$257,001 - $385,000
$128,001 - $257,000
$64,001 - $128,000
$0 - $64,000
0.1%
0.1%
0.3%
0.3%
1.5%
1.5%
2.2%
2.2%
4.2%
4.2%
16.9%
16.9%
46.3%
46.3%
23.9%
23.9%
4.7%
4.7%
0% 100.0%
% of Homes
Average

for Iowa

Low

for nation

Number of Homes And Apartments:

3,019

Washington Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,067 / per month

Homeownership Rate

Owners
Renters
59.5%
59.5%
40.5%
40.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.4%
5.4%
94.6%
94.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
4.1%
4.1%
24.4%
24.4%
29.4%
29.4%
42.0%
42.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
74.0%
74.0%
3.7%
3.7%
9.1%
9.1%
12.5%
12.5%
0.5%
0.5%
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
0.5%
0.5%
10.5%
10.5%
31.3%
31.3%
37.8%
37.8%
12.5%
12.5%
7.5%
7.5%
0% 100.0%
% of Homes

Popular Neighborhoods in Washington

Zip Codes in Washington, IA