Washington State has a much higher median housing value than the US average, at $534,700 compared to $338,100. However, the appreciation rate of homes in Washington State is slower than the national rate, with an annual appreciation of 3.53% compared to 8.27%. This suggests that although housing in Washington State is more expensive on average than the rest of the country, it may not be experiencing as much growth in terms of value over time.
The median home cost in Washington is $534,700. Home appreciation the last 10 years has been 152.9%. Home Appreciation in Washington is up 14.6%.
Average Age of Homes
- The median age of Washington real estate is 36 years old
The Rental Market in Washington
- Renters make up 33.8% of the Washington population
- 1.4% of houses and apartments in Washington, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.