Washington, MI—48095
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Washington, MI
Home Price Trends — Washington, MI
As of Oct '25, the median home price in Washington, MI is $516,000, with a year-over-year change of 5.5%. This indicates that home prices in Washington, MI are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $516,000 | 5.5% |
| Single Family | $521,000 | 4.8% |
| Condos | $483,000 | 8.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $475,000 | 5.8% |
4 Bed | $666,000 | 5.2% |
| 5 Bed | $804,000 | 3.6% |
% of Housing Stock
Rental Trends — Washington, MI
Washington, MI 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, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Washington, MI is 60. This is a decrease of -5.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $844,000 | -9.0% |
Listing Count | 46 | 44.0% |
| Listings as % of Homes | 1.2% | 44.0% |
Days on Market | 60 | -5.0% |
Demographics — Washington, MI
As of the latest ACS Survey released in 2023, Washington, MI has a population of 5,680, which has decreased by -2.0% over the past 5 years. Washington, MI is a popular place for families, as children make up 25.5% of the population. The area has a moderately educated workforce, with 36.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,680 | -2.0% |
% Under 18 | 25.5% | 17.0% |
% Seniors | 18.9% | 5.6% |
% WFH | 16.9% | 218.9% |
% w/ College Degree | 36.2% | 8.7% |
As of the latest ACS Survey released in 2023, Washington, MI is a predominantly white area, with 86.8% of the population identifying as white. The white population has shrunk by 5.5% in the last 5 years. The second most common race or ethnicity in Washington, MI is black, making up 9.1% of the population. Foreign-born residents account for 6.5% of the population in Washington, MI, and this percentage has decreased by 5.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.8% | -5.5% |
% Black | 9.1% | 911.1% |
% Hispanic | 2.9% | -14.7% |
% Asian | 1.5% | -11.8% |
% Foreign Born | 6.5% | -5.8% |
Mortgage and Risk — Washington, MI
According to HUD data as of 2023, there were 133 mortgage originations in Washington, MI, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Washington, MI. Investor activity is low, as 1.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 133 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Washington, MI
Washington, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 3.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $920 |
| 2 Bedroom | N/A | N/A | $1,170 |
| 3 Bedroom | N/A | N/A | $1,440 |
| 4 Bedroom | N/A | N/A | $1,550 |
Affordability — Washington, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $516,000 |
| Median Household Income | $122,000 |