Housing in Washington

A typical Washington home is worth roughly $188,000

Typical home value

$188K

IN $260K

Estimate

2-bedroom rent

$1,160

a month, utilities in · HUD

Median tax bill

$1,356

IN $1,614

What kind of housing town is Washington?

Read from the numbers below. The page puts what stands out first.

Your money goes further28% below the Indiana typical home.

★ What stands out · Affordability

A typical home costs 2.1 years of income

Less than across Indiana (3.6 years). Try your own numbers below.

You could afford about

$351,000

Typical Washington home $188K

That covers a typical Washington home, with $163K to spare.

The typical home, each month

$1,100

Loan $930Tax $110Insurance $50

A two-bedroom rents for about $1,160 a month here, $60 more than owning.

Where your budget reaches nearby

Oregon$235K Owen$317K Saluda$166K Lexington$256K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Washington’s typical property tax (0.72% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $1,160

Renters already here pay a median of $1,147.

Fair Market Rent a month, utilities included

Studio$870

1 bedroom$940

2 bedrooms$1,160

3 bedrooms$1,500

4 bedrooms$1,700

15%

of households rent · IN 29%

renter households

33%

of renters spend 30%+ of income on rent · IN 48%

16%

of the median income, for a two-bedroom

$1,147

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Louisville, KY-IN HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

The homes

85% of Washington households own their home

Half of Washington’s homes were built before 1991.

Owners and renters

Own 85%Rent 15%

Indiana: 71% own.

1991

typical home built · IN 1976

$1,356

median property tax bill · IN $1,614

0.72%

of a home’s value, a year in tax · IN 0.74%

of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024.

Next door

Washington vs. its neighbors

Washington is the 2nd least expensive of 5 neighboring towns. Tap one to see its housing page.

Owen$317K Lexington$256K Oregon$235K Washington$188K Saluda$166K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Washington	$188K*	—	$1,160	$88,250
Oregon	$235K*	—	$1,140	$90,918
Owen	$317K*	+4.2%†	$1,130	$57,439
Saluda	$166K*	+7%†	$1,210	$77,813
Lexington	$256K	+6.3%	$1,310	$76,130

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Washington buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Washington still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.