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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 $453,663, higher than the the United States average of $313,691.
The average cost of rent is $1,570/mo in Washington, primarily driven by the current value of real estate in the Washington area. While nearly 33.86% of residents own their homes outright in Washington, 34.33% rent.
Housing affordability isn’t just about home prices, though. The average household income in Washington is $7,719 per month. Households that rent pay about 20.34% of their income on rent here. Washington's most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the state.
Nearby States
States with Similar Populations
- Pennsylvania: less expensive homes
- Montana: less expensive homes
- Nebraska: less expensive homes
- Nevada: less expensive homes
- New Hampshire: less expensive homes
- New Jersey: less expensive homes
- New Mexico: less expensive homes
- New York: equally priced homes
- North Carolina: less expensive homes
- North Dakota: less expensive homes
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