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 32,709 people, 9,736 houses or apartments, and a median cost of homes of $688,181, Washington house prices are not only among the most expensive in Utah, Washington real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Washington, accounting for 75.52% of the city's housing units. Other types of housing that are prevalent in Washington include mobile homes or trailers ( 7.62%), row houses and other attached homes ( 6.62%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.28%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Washington. Owner-occupied housing accounts for 74.31% of Washington's homes, and 65.77% have either three or four bedrooms, which is average sized relative to America.
Washington homes and real estate are some of the newest in America. 68.50% of Washington's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Washington real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 28.85%), and between 1940-1969 ( 2.57%).
Vacant housing appears to be an issue in Washington. Fully 17.42% of the housing stock is classified as vacant. Left unchecked, vacant Washington homes and apartments can be a drag on the real estate market, holding Washington real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
In the last 10 years, Washington has experienced some of the highest home appreciation rates of any community in the nation. Washington real estate appreciated 126.06% over the last ten years, which is an average annual home appreciation rate of 8.50%, putting Washington in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Washington definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
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 5.22%, 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 2.12%, which equates to an annual appreciation rate of 8.76%.
Relative to Utah, our data show that Washington's latest annual appreciation rate is higher than 60% of the other cities and towns in Utah.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Washington differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Washington - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Washington real estate investment or home purchase decisions.
$688,181
for Utah
for nation
9,736
$1,836 / per month