Washington, Iowa Real Estate & Housing Market

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Washington Housing Information

Index	Washington	Iowa	National
Median home price	$102,900	$132,800	$184,700
Median rent asked	$763	$715	$949
Avg. people per household	2.3	2.4	2.6
Owner occupied households	61.9%	71.1%	63.6%
Renter occupied households	38.1%	28.9%	36.4%

Above is a snapshot look at the real estate market in Washington, IA. In Washington, IA, the median house price is $102,900, making the price 23% lower than that the average for Iowa. Therefore, the affordability of Washington, IA area real estate is more affordable than the real estate in other areas of Iowa. In addition, Washington, IA has a median rent price of $763; this price is 7% higher than that the average rental price for Iowa. 61.9% of residents in Washington, IA are homeowners, and the average amount of people who reside in each home is 2.3. Washington, IA has a wide array of real estate options available, ranging from cost-friendly condos to high-end luxury homes. We filter listings by number of bathrooms and bedrooms, price and area to simplify the search process for Washington, IA real estate for sale.

Washington Home Affordability

When looking for real estate in Washington, IA, nothing is more important than affordability. There are several methods to calculate the affordability of a home, but perhaps the best way is the home price to median household income ratio. In Washington, IA, the median price of a home is $102,900 and $44,462 is the median household income. This means that the home price to income ratio is 2.3x, a ratio that is 5% lower than the average in Iowa. The median home price is divided by the median home income to calculate the home affordability ratio. Homes in Washington, IA will be more financially accessable if the ratio has a lower than average home price to home income. These are not the only aspects to look at when determining the affordability of a home. A home affordability calculator offers a much more exact overview of the true affordability of a property. Use the calculator below to better determine how much you can pay for real estate in Washington, IA.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Frytown, IA	84	$0	100%
Cotter, IA	38	$0	100%
West Chester, IA	91	$46,700	75%
Coppock, IA	49	$61,700	67%
Brighton, IA	595	$63,100	66%
Washington, IA	7,368	$102,900	44%

Cities with similar population

City, State	Population	Home Price	National Avg.
Globe, AZ	7,369	$117,900	36%
West Dundee, IL	7,369	$249,100	35%
Sioux Center, IA	7,370	$186,000	1%
Waite Park, MN	7,371	$134,100	27%
Fort Pierce North, FL	7,365	$59,800	68%
Washington, IA	7,368	$102,900	44%

Source: The Washington, IA housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).