Washington Metro Area, NC Housing

The housing market in Washington, NC Metro Area is thriving. The median value for houses in this area is $222,700, far below the national median of $338,100. However, the one year house appreciation rate in Washington is 16.05%, almost double the US average of 8.27%. This impressive growth rate indicates that the housing market in this metropolitan area is strong and highly desirable to potential buyers. With such a low median cost and a high appreciation rate, it's no wonder that more and more people are looking to invest in real estate in Washington, NC Metro Area.

The median home cost in Washington Metro Area is $222,700. Home appreciation the last 10 years has been 64.4%. Home Appreciation in Washington Metro Area is up 19.4%.

Average Age of Homes

- The median age of Washington Metro Area real estate is 39 years old

The Rental Market in Washington Metro Area

- Renters make up 22.5% of the Washington Metro Area population
- 1.1% of houses and apartments in Washington Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Washington, North Carolina	United States
	24,292.0	139,647,020.0
	41	42
	$222,700	$338,100
	19.4%	16.6%
	58.8%	57.0%
	64.4%	101.1%
	$7.79	$10.98
	$1,112	$2,690
	55.0%	57.4%
	23.5%	11.2%
	21.4%	31.4%
Vacant Housing
	1.1%	1.9%
	0.1%	0.4%
	1.4%	0.7%
	0.6%	0.4%
	10.1%	3.6%
	10.2%	4.1%
Value of Owner-Occupied Housing
	6.5%	2.6%
	5.3%	2.4%
	7.5%	2.8%
	9.9%	3.9%
	8.8%	4.5%
	13.9%	11.3%
	15.5%	13.0%
	14.9%	20.1%
	9.5%	13.6%
	4.3%	8.3%
	2.5%	9.7%
	0.8%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	13.6%	13.6%
	13.6%	13.6%
	15.6%	13.6%
	15.2%	13.2%
	16.8%	14.8%
	15.6%	13.6%
	10.7%	10.0%
	4.3%	4.7%
	7.4%	12.2%

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