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Washington

Learn about the people, housing, costs and businesses across Washington

Median Home$624,593
Median Rent$1,838/month
Population7,816,116
Leading IndustriesArts, Food & Hospitality · Healthcare · Construction10% arts, food & hospitality
Home Value Growth+8.7% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners64% of occupied units
NotableHigh Incomes$107k/year · top 14% nationally
NotableHighly Educated24% hold a bachelor's degree · top 16% nationally
Washington

Frequently Asked Questions

What are today's mortgage rates in Washington?

As of today, the 30-year fixed mortgage rate for Washington is approximately 6.600% (6.653% 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 $625k. The median monthly rent is $1,838. 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 8.7% over the past two years. This represents moderate growth. 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 $1,890/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $81k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Washington is $107k/year.

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What industries drive the economy in Washington?

The largest employment sectors in Washington are public administration (22%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.