Washington Housing Market Trends
Real-time market data powered by Zillow Research. Last updated: 2026-03-03
Is Now a Good Time to Buy in Washington?
The Washington housing market is showing balanced conditions.
home values have been essentially flat (-0.5%) over the past year. there are currently 835 homes on the market.
Median Home Value
$585,669
Zillow Home Value Index
Year-over-Year
-0.5%
Home value change
5-Year Change
+27.7%
Since 2021
Median Rent
$1,662/mo
Zillow Observed Rent Index
Active Listings
835
Homes for sale
Home Value Trends
5-year Zillow Home Value Index (ZHVI) for Washington vs. national average. ZHVI reflects the typical home value in the 35th-65th percentile range.
Rent Trends
Average rent in Washington: $1,662/mo (+2% YoY)
Rent vs. Buy Analysis
With a median home value of $585,669 and average rent of $1,662/mo, the price-to-rent ratio in Washington is 29.4. A ratio above 21 suggests renting may be more cost-effective.
Run Full Rent vs. Buy CalculatorTop Markets in Washington
Explore housing data for 12 metro areas in Washington. Click any market for detailed trends and analysis.
Seattle, WA
$729,789
Avg rent: $2,183/mo
Oak Harbor, WA
$618,563
Avg rent: $2,049/mo
Bellingham, WA
$597,566
Avg rent: $1,882/mo
Mount Vernon, WA
$567,280
Avg rent: $1,339/mo
Bremerton, WA
$565,258
Avg rent: $1,971/mo
Olympia, WA
$518,309
Avg rent: $2,028/mo
Wenatchee, WA
$503,458
Avg rent: $1,808/mo
Port Angeles, WA
$479,149
Avg rent: $1,825/mo
Ellensburg, WA
$477,788
Avg rent: $1,480/mo
Shelton, WA
$439,212
Avg rent: $1,853/mo
Kennewick, WA
$430,555
Avg rent: $1,698/mo
Centralia, WA
$420,012
Avg rent: $1,554/mo
Continue Learning About Washington
Market data provided by Zillow Research. Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) are trademarks of Zillow, Inc.