Washington, VA—22747
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Washington, VA
As of Oct '25, the median home price in Washington, VA is $646,000, with a year-over-year change of -1.3%. This indicates that home prices in Washington, VA are decreasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $646,000 | -1.3% |
| Single Family | $646,000 | -1.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $510,000 | -1.4% |
3 Bed | $639,000 | 0.3% |
4 Bed | $941,000 | -0.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Washington, VA
Washington, VA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Washington, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Washington, VA is 40. This is a decrease of -50.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $819,000 | -3.0% |
Listing Count | 10 | 16.0% |
| Listings as % of Homes | 0.4% | 16.0% |
Days on Market | 40 | -50.0% |
Demographics — Washington, VA
As of the latest ACS Survey released in 2023, Washington, VA has a population of 1,380, which has increased by 58.7% over the past 5 years. Washington, VA is a moderately popular place for families, as children make up 23.4% of the population. The area has a highly educated workforce, with 61.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,380 | 58.7% |
% Under 18 | 23.4% | 129.4% |
% Seniors | 33.2% | -13.8% |
% WFH | 20.0% | 217.5% |
% w/ College Degree | 61.0% | 48.4% |
As of the latest ACS Survey released in 2023, Washington, VA is a predominantly white area, with 88.1% of the population identifying as white. The white population has grown by 0.8% in the last 5 years. The second most common race or ethnicity in Washington, VA is black, making up 1.8% of the population. Foreign-born residents account for 6.6% of the population in Washington, VA, and this percentage has increased by 94.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 88.1% | 0.8% |
% Black | 1.8% | -83.0% |
% Hispanic | 0.3% | 50.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 6.6% | 94.1% |
Mortgage and Risk — Washington, VA
According to HUD data as of 2023, there were 57 mortgage originations in Washington, VA, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Washington, VA. Investor activity is low, as 5.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 57 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 5.0% |
% Second Loans | 9.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Washington, VA
Washington, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | 0.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,000 |
| 2 Bedroom | N/A | N/A | $1,110 |
| 3 Bedroom | N/A | N/A | $1,340 |
| 4 Bedroom | N/A | N/A | $1,860 |
Affordability — Washington, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $646,000 |
| Median Household Income | $104,000 |