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Washington

Learn about the people, housing, costs and businesses in Washington, Illinois

Median Home$219,549
Median Rent$1,098/month
Population15,972
Leading IndustriesPublic Administration · Arts, Food & Hospitality · Transportation28% public administration
Home Value Growth⬆⬆+18.3% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners81% of occupied units
NotableHighly Educated27% hold a bachelor's degree · top 14% nationally
NotableHigh Incomes$96k/year · top 20% nationally
Washington
IL

Frequently Asked Questions

What are today's mortgage rates in Washington?

As of today, the 30-year fixed mortgage rate for Washington is approximately 7.058% (7.068% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Washington?

The median home value in Washington is $220k. The median monthly rent is $1,098. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Washington?

Home values in Washington have increased 18.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Washington?

Based on a typical all-in ownership cost of $1,269/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $54k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Washington is $96k/year.

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What industries drive the economy in Washington?

The largest employment sectors in Washington are public administration (28%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.