Washington Housing Market: Home Prices & Rent
Washington home values since 2000
Last few years
Rent in Washington
Owning vs renting, monthly
Buying the typical Washington home with 20% down at this week's 7.32% 30-year rate costs about $3,844/month (principal, interest plus ~1.5% a year for tax and insurance) vs $2,407/month typical rent.
Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.
Washington vs Virginia vs the U.S.
| Typical home | 12-month change | Typical rent | |
|---|---|---|---|
| This metro | $570k | +0.2% | $2,407/mo |
| Virginia | $412k | +2.1% | - |
| United States | $366k | +1.2% | $1,932/mo |
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Common questions
Are home prices falling in Washington?
No - the typical Washington-area home value is up 0.2% over the past 12 months, at $570k (September 2026).
Is the Washington housing market crashing?
Home values are close to their 2020s high and up 0.2% over the past year - a rising market, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.
How much is rent in Washington?
Typical rent in the Washington metro is $2,407 a month (September 2026), +1.4% over 12 months.
How much income do you need to buy a home in Washington?
About $155k a year to afford the typical home with 20% down, spending no more than 30% of income on housing (September 2026).
Nearby and similar metros
Virginia Beach, VA · Richmond, VA · Sacramento, CA · Riverside, CA · Salt Lake City, UT · Denver, CO
Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index, September 2026; income needed and listing data). 30-year mortgage rate: Freddie Mac PMMS. Figures are for the Washington, DC metro area. How we calculate.