Washington, IN housing market
Homes typically sell in 61 days, a little above asking.
Home values, sales, trends and how Washington compares with the towns next door — updated as new data is published.
Washington at a glance
A seller's market
Supply is tight — about 3.6 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Home prices up 52% in 5 years
The federal house price index for the ZIP code around Washington rose 52% over the past 5 years, about the same as across Indiana. Last year prices rose 0.9%. Carrying the Census median home value forward with that index puts the typical Washington home at roughly $253,000 today.
Show as a table
| Year | Change that year | Since 2000 | Indiana since 2000 |
|---|---|---|---|
| 2025 | +0.9% | +150% | +126% |
| 2024 | +7.1% | +148% | +117% |
| 2023 | +7.8% | +131% | +106% |
| 2022 | +15% | +115% | +90% |
| 2021 | +14% | +87% | +65% |
| 2020 | −1.6% | +65% | +48% |
| 2019 | +11% | +67% | +42% |
| 2018 | +6.1% | +51% | +34% |
| 2017 | −2.5% | +42% | +26% |
| 2016 | +2.6% | +46% | +20% |
| 2015 | +1.5% | +42% | +16% |
| 2014 | +5.9% | +40% | +13% |
| 2013 | +3.7% | +32% | +10% |
| 2012 | −4.5% | +27% | +9% |
| 2011 | +6.9% | +33% | +9.6% |
| 2010 | −1.5% | +25% | +12% |
| 2009 | −3.4% | +27% | +14% |
| 2008 | +4.2% | +31% | +17% |
| 2007 | +1.5% | +26% | +18% |
| 2006 | +1.9% | +24% | +16% |
| 2005 | +9.4% | +22% | +14% |
| 2004 | +1.7% | +11% | +10% |
| 2003 | +0.6% | +9.3% | +7.8% |
| 2002 | +1.7% | +8.6% | +6.3% |
| 2001 | +6.8% | +6.8% | +4.3% |
| 2000 | — | — | — |
How Washington ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 47501, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
74 new homes permitted in 2025
Builders were permitted 74 new homes in Washington in 2025: 26 single-family houses and 48 in buildings with two or more homes, worth about $16.3 million to build. That's 6 per 1,000 residents, about the pace of Indiana as a whole. Over the past 10 years, Washington has permitted 621 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Washington gained 508 residents while 208 new homes were permitted: about 2.4 new residents per new home. Building and growth moved roughly in step. Across Indiana: 1.7 new residents per new home.
How Washington ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 22 | 20 | 2 | $6.4 million |
| 2025 | 74 | 26 | 48 | $16.3 million |
| 2024 | 71 | 39 | 32 | $13.2 million |
| 2023 | 144 | 42 | 102 | $27.8 million |
| 2022 | 182 | 38 | 144 | $30.3 million |
| 2021 | 39 | 25 | 14 | $10 million |
| 2020 | 34 | 26 | 8 | $9.5 million |
| 2019 | 26 | 16 | 10 | $3.5 million |
| 2018 | 24 | 20 | 4 | $3.7 million |
| 2017 | 23 | 23 | 0 | $3 million |
| 2016 | 4 | 0 | 4 | $400,000 |
| 2015 | 6 | 0 | 6 | $600,000 |
| 2014 | 4 | 0 | 4 | $400,000 |
| 2013 | 23 | 13 | 10 | $3.1 million |
| 2012 | 15 | 15 | 0 | $1.8 million |
| 2011 | 41 | 19 | 22 | $4.2 million |
| 2010 | 42 | 30 | 12 | $6.2 million |
| 2009 | 8 | 8 | 0 | $1.1 million |
| 2008 | 62 | 13 | 49 | $5.5 million |
| 2007 | 15 | 15 | 0 | $3.2 million |
| 2006 | 97 | 97 | 0 | $10.3 million |
| 2005 | 18 | 18 | 0 | $3.2 million |
| 2004 | 21 | 21 | 0 | $3.6 million |
| 2003 | 17 | 17 | 0 | $2.8 million |
| 2002 | 14 | 14 | 0 | $2.1 million |
| 2001 | 17 | 17 | 0 | $3.1 million |
| 2000 | 22 | 22 | 0 | $4.1 million |
How Washington ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
3 years of income
The typical Washington home costs about 3 years of the town's median household income, less than across Indiana (3.6 years).
How Washington ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,020
HUD's Fair Market Rent for a two-bedroom in Washington is $1,020 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Washington pay a median of $858, so moving in tends to cost more than staying put. A two-bedroom takes about 24% of the town's median household income.
Studio $730 · 4 bedrooms $1,350
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (47501; Daviess County, IN), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits 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.