Washington, IN—47501
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Washington, IN
As of Oct '25, the median home price in Washington, IN is $183,000, with a year-over-year change of 1.9%. This indicates that home prices in Washington, IN are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $183,000 | 1.9% |
| Single Family | $183,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $77,000 | -10.5% |
2 Bed | $127,000 | -0.8% |
3 Bed | $200,000 | 2.6% |
4 Bed | $263,000 | 2.3% |
| 5 Bed | $272,000 | 4.2% |
% of Housing Stock
Rental Trends — Washington, IN
As of July '25, Rentcast reports the average rent in Washington, IN is $1,380, with a year-over-year rent change of 4.5%. Per bedroom, the median rent as of July '25 in Washington, IN is 1-bedrooms: $1,050, 2-bedrooms: $1,080, 3-bedrooms: $1,520. The most common rental property sizes in Washington, IN are 2-bedroom and 3-bedroom, accounting for 34.4% and 31.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,380 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,050 | $1,050 |
| 2 Bed Rent | $950 | $1,080 |
| 3 Bed Rent | $1,600 | $1,520 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Washington, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Washington, IN is 61. This is a decrease of -3.0% 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $267,000 | 14.0% |
Listing Count | 75 | 1.0% |
| Listings as % of Homes | 0.2% | 1.0% |
Days on Market | 61 | -3.0% |
Demographics — Washington, IN
As of the latest ACS Survey released in 2023, Washington, IN has a population of 18,300, which has increased by 1.9% over the past 5 years. Washington, IN is a popular place for families, as children make up 25.3% of the population. The area has a poorly educated workforce, with 16.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,300 | 1.9% |
% Under 18 | 25.3% | 0.8% |
% Seniors | 17.9% | 7.8% |
% WFH | 4.4% | 238.5% |
% w/ College Degree | 16.5% | 5.1% |
As of the latest ACS Survey released in 2023, Washington, IN is a predominantly white area, with 80.5% of the population identifying as white. The white population has shrunk by 6.6% in the last 5 years. The second most common race or ethnicity in Washington, IN is hispanic, making up 10.8% of the population. Foreign-born residents account for 6.8% of the population in Washington, IN, and this percentage has increased by 47.8% 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 | 80.5% | -6.6% |
% Black | 2.9% | -9.4% |
% Hispanic | 10.8% | 28.6% |
% Asian | 0.3% | ∞% |
% Foreign Born | 6.8% | 47.8% |
Mortgage and Risk — Washington, IN
According to HUD data as of 2023, there were 255 mortgage originations in Washington, IN, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Washington, IN. Investor activity is low, as 0.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 255 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Washington, IN
Washington, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 572 |
Total Units Section 8 | 383 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 78.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$300 | $1,050 | $750 |
| 2 Bedroom | $20 | $950 | $970 |
| 3 Bedroom | -$420 | $1,600 | $1,180 |
| 4 Bedroom | N/A | N/A | $1,290 |
Affordability — Washington, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $183,000 |
| Median Household Income | $60,500 |