A typical Washington home is worth roughly $194,000
Home prices around Washington have risen about 55% over the past 5 years.
What kind of housing town is Washington?
Read from the numbers below. The page puts what stands out first.
Home prices up 55% in 5 years
The federal house price index for the ZIP codes around Washington rose 55% over the past 5 years, about the same as across Indiana. Last year prices rose 18%. Carrying the Census median home value forward with that index puts the typical Washington home at roughly $194,000 today.
Carrying the Census median forward with the index puts a typical home at about $194K.
How Washington ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Washington, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A two-bedroom rents for about $970
Renters already here pay a median of $775, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Pike County, IN): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
A typical home costs 3.1 years of income
Less than across Indiana (3.6 years). Try your own numbers below.
That covers a typical Washington home, with $55K to spare.
A two-bedroom rents for about $970 a month here, $180 less than owning.
How Washington ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Washington’s typical property tax (0.79% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
84% of Washington households own their home
Half of Washington’s homes were built before 1969.
Indiana: 71% own.
U.S. Census Bureau, American Community Survey 2020-2024.
Washington vs. its neighbors
Washington is the 4th least expensive of 7 neighboring towns. Tap one to see its housing page.
Compare more
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.
On the market in Washington
Listed in the past 60 days. Each opens on the listing site.
Neighbors talk housing
What Washington buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
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. Price trend: Federal Housing Finance Agency House Price Index. 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.