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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
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'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.
$211,766
for Iowa
for nation
3,019
$1,067 / per month