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These days, finding an affordable place to live in the Washington area can be challenging. Home prices in Washington are now at a median cost of $728,258, lower than the California average of $812,006.
The average cost of rent is $1,464/mo in Washington, primarily driven by the current value of real estate in the Washington area. In Washington, 12.75% of households rent, and 47.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Washington is $6,480 per month. Households that rent pay about 22.60% of their income on rent here. Washington’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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