Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Washington County | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $111,269 | $436,407 | $242,182 |
| Price Trend (Annual %) | -0.0% | 6.9% | 8.2% |
| Median Gross Rent | $1,000 | $1,576 | $1,342 |
| Rent Trend (Annual %) | 2.9% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Washington County is about 75% lower than in New York. Rent is about 37% lower than the New York average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are falling in Washington County, down about 0.0% and 2.9% a year respectively. Rent is changing faster.
Median rent in Washington County rose about 24.6% between 2015 and 2023, from $803 to $1,000. Over the same span, rent in New York rose about 39.2%.
Affordability
On average, housing unit costs 1.5 yearly household incomes in Washington County.
Buying the median-priced home in Washington County costs roughly 9.3 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Washington County. The price-to-rent ratio in New York is about 23.1.
| Metric | Washington County | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $111,269 | $436,407 | $242,182 |
| Median Household Income | $71,812 | $85,191 | $78,145 |
| Price-to-Income Ratio | 1.5 | 5.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Washington County fell about 13.7%, while median household income rose about 53.7% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Washington County | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.8% | 48.7% | 58.2% |
| Rental Rate | 19.5% | 41.1% | 31.3% |
| Vacancy Rate | 16.7% | 10.2% | 10.6% |
| Median Tenure (years) | 17.0 | 17.0 | 15.0 |
| Median Year Moved In | 2009 | 2009 | 2011 |
Washington County has a homeownership rate of 63.8%, higher than the New York average of 48.7%. Its housing vacancy rate is 16.7%, compared with 10.2% in New York.
Housing Stock
| Metric | Washington County | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.40 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1965 | 1960 | 1978 |
| Median Number of Rooms | 5.7 | 5.0 | 5.5 |
The typical housing unit in Washington County was built around 1965. On average, 2.4 people live in a home with about 5.7 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Washington County, New York.
What is the median home price in Washington County, New York?
The median home price in Washington County, New York is $111,269, lower than the New York average of $436,407.
What is the average home price in Washington County, New York?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Washington County, New York?
The median gross rent in Washington County, New York is $1,000 per month, lower than the New York average of $1,576.
What was the median gross rent in Washington County in 2020?
In 2020, the median gross rent in Washington County, New York was $860 per month.
What is the price-to-rent ratio in Washington County, New York?
The price-to-rent ratio in Washington County, New York is about 9.3, meaning it would take roughly 9.3 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Washington County.
Are home prices or rent rising faster in Washington County, New York?
Both home prices and rent are falling in Washington County, down about 0.0% and 2.9% a year respectively. Rent is changing faster.
What is the homeownership rate in Washington County, New York?
63.8% of households in Washington County, New York own their home, higher than the New York average of 48.7%.
What is the vacancy rate in Washington County, New York?
The housing vacancy rate in Washington County, New York is 16.7%, higher than the New York average of 10.2%.