Home Price Key
Affordable
Average
Expensive
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 $365,849, higher than the Michigan average of $196,062.
The average cost of rent is $1,059/mo in Washington, primarily driven by the current value of real estate in the Washington area. While nearly 37.25% of residents own their homes outright in Washington, 13.63% rent.
Housing affordability isn’t just about home prices, though. The average household income in Washington is $8,743 per month. Households that rent pay about 12.11% of their income on rent here. Washington's most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
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- Rochester Hills, MI: less expensive homes
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Cities with Similar Populations
- Sheridan, WY: equally priced homes
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- Selma, AL: less expensive homes
- Fish Hawk, FL: higher priced homes
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