Washington, IA—52353
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Washington, IA
As of Oct '25, the median home price in Washington, IA is $187,000, with a year-over-year change of 5.2%. This indicates that home prices in Washington, IA are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $187,000 | 5.2% |
| Single Family | $189,000 | 5.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $88,000 | -2.2% |
2 Bed | $139,000 | 5.3% |
3 Bed | $194,000 | 5.4% |
4 Bed | $245,000 | 5.2% |
| 5 Bed | $338,000 | 4.3% |
% of Housing Stock
Rental Trends — Washington, IA
As of July '25, Rentcast reports the average rent in Washington, IA is $950, with a year-over-year rent change of 18.8%. Per bedroom, the median rent as of July '25 in Washington, IA is 2-bedrooms: $950. The most common rental property sizes in Washington, IA are 2-bedroom and 3-bedroom, accounting for 44.5% and 26.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $925 | $950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $925 | $950 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Washington, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Washington, IA is 54. This is a increase of 17.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $204,000 | -22.0% |
Listing Count | 48 | 41.0% |
| Listings as % of Homes | 0.8% | 41.0% |
Days on Market | 54 | 17.0% |
Demographics — Washington, IA
As of the latest ACS Survey released in 2023, Washington, IA has a population of 9,070, which has decreased by -3.7% over the past 5 years. Washington, IA is a moderately popular place for families, as children make up 23.8% of the population. The area has a poorly educated workforce, with 21.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,070 | -3.7% |
% Under 18 | 23.8% | -5.9% |
% Seniors | 20.6% | 3.0% |
% WFH | 8.2% | 49.1% |
% w/ College Degree | 21.5% | -10.0% |
As of the latest ACS Survey released in 2023, Washington, IA is a predominantly white area, with 84.4% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Washington, IA is hispanic, making up 11.6% of the population. Foreign-born residents account for 5.8% of the population in Washington, IA, and this percentage has increased by 7.4% 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 | 84.4% | -2.8% |
% Black | 0.8% | -50.0% |
% Hispanic | 11.6% | 23.4% |
% Asian | 0.9% | 80.0% |
% Foreign Born | 5.8% | 7.4% |
Mortgage and Risk — Washington, IA
According to HUD data as of 2023, there were 213 mortgage originations in Washington, IA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Washington, IA. Investor activity is low, as 6.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 213 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 6.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Washington, IA
Washington, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 136 |
Total Units Section 8 | 136 |
% Rentals under Section 8 | 10.7% |
% Occupied Section 8 | 78.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $730 |
| 2 Bedroom | $25 | $925 | $950 |
| 3 Bedroom | N/A | N/A | $1,190 |
| 4 Bedroom | N/A | N/A | $1,260 |
Affordability — Washington, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $187,000 |
| Median Household Income | $63,200 |