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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 $621,115, higher than the the United States average of $419,293.
The average cost of rent is $1,875/mo in Washington, primarily driven by the current value of real estate in the Washington area. In Washington, 36.22% of households rent, and 34.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Washington is $9,155 per month. Households that rent pay about 20.49% of their income on rent here. Washington’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the state.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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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