Washington, Utah Housing Market Prices
Washington Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 68% above the Utah median$836,530
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Median rent 3% above the Utah median$1,537
Housing Market Overview
| Metric | Washington | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $836,530 | $498,552 | $248,835 |
| Price Trend (Annual %) | 32.8% | 11.3% | 7.5% |
| Median Gross Rent | $1,537 | $1,495 | $1,407 |
| Rent Trend (Annual %) | 4.2% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Washington is about 68% higher than in Utah. Rent is about 3% higher than the Utah average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Washington, up about 32.8% and 4.2% a year respectively. Home prices are changing faster.
Median rent in Washington rose about 37.0% between 2015 and 2024, from $1,122 to $1,537. Over the same span, rent in Utah rose about 68.7%.
Affordability
On average, housing unit costs 9.6 yearly household incomes in Washington.
Buying the median-priced home in Washington costs roughly 45.4 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Washington. The price-to-rent ratio in Utah is about 27.8.
| Metric | Washington | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $836,530 | $498,552 | $248,835 |
| Median Household Income | $86,724 | $95,466 | $80,455 |
| Price-to-Income Ratio | 9.6 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Washington rose about 280.6%, while median household income rose about 68.1% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Washington | Utah Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.0% | 64.6% | 58.5% |
| Rental Rate | 21.5% | 27.3% | 31.2% |
| Vacancy Rate | 17.5% | 8.1% | 10.2% |
| Median Tenure (years) | 11.0 | 13.0 | 15.0 |
| Median Year Moved In | 2015 | 2013 | 2011 |
Washington has a homeownership rate of 61.0%, lower than the Utah average of 64.6%. Its housing vacancy rate is 17.5%, compared with 8.1% in Utah.
Housing Stock
| Metric | Washington | Utah Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.83 people | 2.97 people | 2.53 people |
| Median Structure Built Year | 2001 | 1989 | 1978 |
| Median Number of Rooms | 5.8 | 6.4 | 5.5 |
The typical housing unit in Washington was built around 2001. On average, 2.8 people live in a home with about 5.8 rooms, staying for about 11.0 years on average.
Washington, UT Housing Compared With Nearby Cities
How Washington, UT compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Washington, UT | 23,624 | $836,530 #1/2 | $1,537 #2/2 | 74.0% #1/2 |
| St. George, UT | 93,597 | $496,009 | $1,554 | 67.1% |
Frequently Asked Questions
Common questions about the housing market in Washington, Utah.
What is the median home price in Washington, Utah?
The median home price in Washington, Utah is $836,530, higher than the Utah average of $498,552.
What is the average home price in Washington, Utah?
The typical home price in Washington, Utah, reported as the median sale price, is $836,530. 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, Utah?
The median gross rent in Washington, Utah is $1,537 per month, higher than the Utah average of $1,495.
What was the median gross rent in Washington in 2020?
In 2020, the median gross rent in Washington, Utah was $1,148 per month.
What is the price-to-rent ratio in Washington, Utah?
The price-to-rent ratio in Washington, Utah is about 45.4, meaning it would take roughly 45.4 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Washington.
Are home prices or rent rising faster in Washington, Utah?
Both home prices and rent are rising in Washington, up about 32.8% and 4.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Washington, Utah?
61.0% of households in Washington, Utah own their home, lower than the Utah average of 64.6%.
What is the vacancy rate in Washington, Utah?
The housing vacancy rate in Washington, Utah is 17.5%, higher than the Utah average of 8.1%.
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